Unexpected disability, serious illness or death can negatively affect a household's income and change their standard of living in an instant, making financial commitments difficult to meet. Struggling to make loan payments on a reduced income is a heavy burden that can be avoided by purchasing optional credit life and/or credit disability insurance.

In the event that the loan signer or co-signer* should pass away or be diagnosed with a terminal illness (life expectancy of 1 year or less) and the claim is payable, the entire loan balance may be reduced or paid off.

Should the loan signer become disabled due to injury or illness, monthly loan payments may be paid until the disability is ended, the loan is paid or the policy maximum is reached.

Check with your loan officer for more details on optional credit life and credit disability insurance, including exclusions, limitations, and maximum benefits.

CUNA Mutual Group is the marketing name for CUNA Mutual Holding Company, a mutual insurance holding company, its subsidiaries and affiliates. Your purchase of MEMBERS CHOICE Credit Life and Credit Disability Insurance, underwritten by CMFG Life Insurance Company, is optional and will not affect your application for credit.

Your base loan interest rate is determined by credit worthiness and will be reduced by .20% with the purchase of credit disability coverage and/or .10% with the purchase of credit life coverage. 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.

*Credit life benefits are paid upon the death or diagnosis of a co-signer if the co-signer is a spouse or business partner.


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