Insurance
- Credit Life and Credit Disability
- Credit disability is tied directly to a loan, and is designed to take over
the loan payments after 30 days if the borrower becomes disabled as a result of
a covered accident or sickness. Insurance premiums are calculated into each monthly loan payment.
- Credit life insurance will pay the lesser of the unpaid balance of your loan
on the date of death, or the maximum amount of insurance specified on the
application. Insurance premiums are calculated into each monthly loan payment.
- Accidental Death and Dismemberment
- Accidental Death and Dismemberment (AD&D) covers loss only as a result of
an accident and includes loss of life, limb, thumb and forefinger combination,
eyesight and hearing.
- Each Member enrolling in the AD&D plan receives $1,000 basic coverage at
no cost. Additional coverage may be purchased on an individual or family plan.
