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Loan Payment Protection

Life happens to all of us. If we are lucky, things go along smoothly each day just as we planned, but sometimes that isn’t the case. You work hard to pay your bills and manage your credit responsibly, then something entirely unexpected happens, and you become sick or injured, and your life is suddenly in turmoil. To help ease the financial burden of your loan obligation in the event of an unexpected life event, injury or illness, we offer optional Credit Life and Disability insurance.

Credit life insurance is designed to help reduce or pay off your eligible loan balance, up to the policy maximum, should an unexpected life event occur. Credit disability insurance may help you make your loan payment, up to the policy maximum, if you become totally disabled due to a covered injury or illness. Benefits include:

  • Helps protect you from the unexpected
  • Coverage starts on the enrollment date
  • Premium can be included in your loan payment

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.

Claims may be filed by contact your credit union. If you have questions regarding your claim status, contact CMFG Life at 800-621-6323. California Department of Insurance Consumer Hotline: 800-927-4357.

Credit Union License #: 0F76039


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