Loan Protection offered through CUNA Mutual Insurance Society includes both Credit Life Insurance and/or Credit Disability Insurance. You're even eligible up to age 70!
Credit Life Insurance pays off loans to a maximum of $50,000 in the event of death, eliminating financial burdens that cause undue stress. It protects income, collateral and credit ratings. Most of all, it provides peace of mind for your family.
Should you become disabled, Credit Disability Insurance will make your Unitus loan payments (on covered loans). Your benefits begin 14 days after the disability and continue until the loan is paid off, until the policy maximum of $75,000 is reached or until you are no longer disabled as defined in the policy (whichever occurs first).
You can select both types of coverage or simply add one or the other. In most cases, the primary borrower and the co-borrower are eligible for protection. Coverage is available for any eligible Unitus loan, including existing loans for pennies a day. Premiums are added to monthly loan payments for your convenience. As with any insurance coverage, certain restrictions and limitations apply.
For more information, contact our Insurance Analyst, Ron Myers at (503) 423-8864 or toll free at (800) 452-0900, ext. 8864, for more information. You can also email us at insurance@unitusccu.com.
This insurance is offered through CUNA Mutual Insurance Society. This insurance is not a deposit, not federally insured or guaranteed by your credit union.