Member's Choice® Credit Life and Credit Disability Insurance
Unexpected situations happen, but that doesn’t mean you have to be caught unprepared. As a member, cost-effective options are available and knowing you’re protected could help give you and your family added peace of mind. With Credit Life and Credit Disability Insurance, in the event of a covered injury, illness or an unexpected death, this voluntary insurance option can help reduce or pay your loan balance or make your monthly loan payments, up to the policy maximum, to help lessen the impact on your family during an unforeseen event. Contact us to learn more about your options.
CUNA Life InsuranceShow Transcript
If you’re like most people, earning an income is the foundation of your family’s financial well-being. For so many of us, that financial well-being could be easily shaken by the unexpected. Nearly 8 of of 10 Americans say they are living paycheck to paycheck, and that includes may people making more that $100,000 dollars per year. Trouble is, life can be unpredictable. Worse case scenarios happen every day. No one expects to have a disabling illness or injury, yet one in four todays’ 20 year olds will become disabled during their careers. And though you think it can’t happen to you, you have a 1 in 8 change of dying between the ages of 20 and 67. That means the people who depend on you could face real financial difficulties if you are unable to work due to disability. If you have life or other insurance through work, is it enough? Will you be able to make payments on your car, house, or other consumer loans? Or worse, will your spouse or partner be able to keep up with household debt and bills in the event of your unexpected death? The definition of unexpected is that you don’t see it coming. But that doesn’t mean you can’t be prepared. It is possible o help plan for the unexpected. It is possible to help turn a worst case scenario into something manageable. As a credit union member, you have access to cost effective options that may cover your loan payments or balances, up to your certificate terms and maximums in the event of a disability or death. Could credit insurance help you and your family plan for the unexpected? Contact your credit union today about the option that is right for you.
CUNA Mutual Group is the marketing name for CUNA Mutual Holding Company, a mutual insurance holding company, its subsidiaries and affiliates. Your purchase of MEMBER’S CHOICE® Credit Life and Credit Disability Insurance, underwritten by CMFG Life Insurance Company, is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. Certain eligibility requirements, conditions, and exclusions may apply. Please contact your loan representative, or refer to the Group Policy for a full explanation of the terms. CDCL-2061625.1-0318-0420