Loan Disability and Life

Should you insure your loan? It's your decision. - CONSIDER:

• The financial burden your death would place on your family.
• The hardships an extended disability creates.
• The impact of lower income due to an extended disability.
• The credit union offers a package of insurance products for borrowers.

Credit Disability Insurance

• Payments are made directly to your creditor and are not taxable.
• Benefits are paid in addition to any other benefits you may receive.
• Hospitalization is not required.
• Covers both injury and illness.

If you are disabled...

THE PROBLEM: During a period of disability, income is reduced and expenses escalate. Typically, disability benefits pay only a portion of income. However, during an extended disability, medical bills surface as a result of deductibles, co - payments and non-covered expenses.

THE RESULT: Depleted savings, late payments and credit rating damage.

THE SOLUTION: Credit disability insurance will make your payment until you can return to work or until the loan is paid off, whichever comes first.*

Credit Life Insurance Highlights

• Helps pay off your loan in the event of your death
• Provides protection for loved ones
• Helps your family maintain the quality of life to which they are accustomed

If the worst happens...

THE PROBLEM: Any existing life insurance is already dedicated to education, mortgage elimination, normal living expenses, and other essentials. This new debt reduces the amount of life insurance protection by the amount of the loan.

THE RESULT: Hardship for your family, Family goals not met

THE SOLUTION: Credit life insurance pays off the scheduled balance of your loan in the event of your death*

IN ADDITION: No physical required, simply meet eligibility requirementsAffordable premiums that can be financed with your loan

* Refer to your certificate for a complete explanation of benefits