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Payment protection

There’s “crazy weekend in Vegas” unpredictable, and then there’s the kind of unpredictable you’d rather avoid. For the latter, 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 and Joint Credit Life can help pay off or reduce the insured balance on almost any UMe Credit Union loan, in the event of the borrower’s (or co-borrower’s) death up to coverage maximums. The premium amount may be included in the monthly loan payment, at the time the loan payment is calculated.

Credit disability insurance
Credit Disability Insurance may make monthly loan payments if a borrower becomes totally disabled due to a covered injury or illness for the time periods specified in the policy, up to coverage maximums. The premium amount may be included in the monthly loan 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.

Your purchase of MEMBER’S CHOICE® Credit Life and Credit Disability Insurance, underwritten by CMFG Life Insurance Company is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. 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.

Claims may be filed by contacting your credit union. If you have questions regarding your claim status, contact CMFG Life at (800) 621-6323. California Department of Insurance Consumer Hotline: (800) 927-4357. License#: 0D57698

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