Credit Insurance

Life can get complicated when unforeseen events occur. Protecting your loan against qualifying life events and unexpected disability could help protect more than your finances. It could help lighten the burden for the people you care about most.

The Credit Union offers voluntary credit life and credit disability insurance on certain personal loans.¹ Credit insurance can be selected at loan origination to help pay covered debts in the event of disability or death. Options include single or joint credit life and single credit disability coverage with the following features:

• Coverage is available as a one-time option at loan origination
• 30-day full refund cancellation period²
• Credit life and credit disability insurance can be cancelled at any time and for any reason by written request²
• Maximum monthly insured loan payment coverage is $600
• Maximum claim benefit for credit life and credit disability is $50,000
• Coverage ends at age 70³

Credit disability insurance is available only for primary borrowers who work 25 hours or more per week.


¹Credit life insurance and credit disability insurance are available for unsecured signature loans, vehicle loans and share-secured loans. Credit life insurance is available on term note loans; credit disability insurance is not available on term note loans. Credit life and credit disability insurance are not available for Visa® credit cards, Salary Advance loans and real estate secured loans. Credit disability insurance must be selected in conjunction with single or joint credit life insurance and is not available as a stand-alone option.
²Any refund of premiums will be applied to the outstanding principal loan balance. You may request to lower your regularly scheduled loan payment amount only at the time of cancellation. Coverage cannot be reinstated on the loan once cancelled.
³Coverage ends on the last day of the month in which the covered borrower reaches age 70.