Payment Protection
Credit Life & Disability Insurance gives you a way to help cover your loved ones from the unexpected. If you have a balance on your loan and are totally disabled due to a covered injury or illness or in the event of your unexpected death, Credit Disability and Credit Life Insurance may help.
 
Credit Life
Insurance
Credit Disability
Insurance

Overview

 It reduces or pays off your outstanding loan balance, up to the policy maximum, if you were to die before paying off the loan.
It makes your monthly loan payment, up to the policy maximum, should you become totally disabled due to a covered illness or injury.

Advantages

Reduces or pays off your covered loan balance, up to the policy maximum.

Helps protect credit rating.
 
Requires no complicated enrollment forms or physical exam.
 
Offers the convenience of including premium in your loan payment.
 
Helps cover collateral against repossession.
 
Savings, salary, or payoffs from other life insurance may be used for other important things, giving your family financial freedom when they need it most.

Makes your covered loan payments, up to the policy maximum, if you become totally disabled.

Helps protect credit rating and collateral.
 
Helps reduce financial burden during recovery.
 
Requires no complicated enrollment forms or physical exam.
 
Offers the convenience of premium included in your loan payment.

To Apply

Call or visit to learn more about adding coverage to your loan.

Call or visit to learn more about adding coverage to your loan.

 
 
Important Information:
Non-deposit investment and insurance products are not federally insured, involve investment risk, may lose value and are not obligations of or guaranteed by the financial institution. CMFG Life Insurance Company is under contract with the financial institution to make insurance available to members. The Representative may also be a credit union employee that accepts deposits on behalf of the credit union.

Your purchase of credit life or 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 Policy Agreement for a full explanation of the terms.

   

 

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