Insurance
Single or Joint Credit Life Insurance
Credit insurance is voluntary and not required in order to obtain a loan.
If you elect insurance, you authorize the credit union to add the charges for insurance to your loan. You are eligible for insurance up to the maximum age for insurance. Insurance coverage will stop when you reach that age.
You will also need to verify that you do not have any pre-existing conditions by answering health questions before your advance will be insured.
Credit Disability Insurance
Credit insurance is voluntary and not required in order to obtain a loan.
If you elect insurance, you authorize the credit union to add the charges for insurance to your loan. You are eligible for insurance up to the maximum age for insurance. Insurance coverage will stop when you reach that age.
You are eligible for disability insurance only if you are actively working for at least 30 hours a week for the 4 weeks prior to the date of any advance. You will also need to verify that you do not have any pre-existing conditions by answering several health questions before your advance will be insured.
Your purchase of Credit Life and/or Credit Disability insurance, underwritten by American National Insurance Company, and/or Guaranteed Asset Protection (GAP), administered by Warranty Solutions, 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 officer for a full explanation of the terms of GAP, Credit Life and/or Credit Disability. Mechanical Repair Coverage is administered by American Mercury Fire Insurance Company.