payment protection

Life is unpredictable. That’s why we offer two payment protection options to help provide financial security for your family, should life take an unexpected turn. Credit Life and Credit Disability Insurances are designed to pay your credit union loans in the unfortunate event of disability or death.

Credit Life Insurance
Single Life and Joint Life can pay off the insured balance on almost any UMe loan, plus up to six months of unpaid interest, in the event of the borrower’s death (or co-borrower's for Joint Life). The premium amount is included in the monthly payment at the time the loan payment is calculated.

Credit Disability Insurance
Single Disability will make monthly payments if a borrower becomes totally and continuously disabled due to illness or accident. The premium amount is included in the monthly payment at the time the loan payment is calculated.

Enrollment in these insurance programs is optional and not required to obtain a loan. Please contact one of our Financial Services Representative at 818) 238.2900 for additional information on benefits, eligibility, conditions and exclusions.