When you take out a loan, it's important to strike the best deal you can. Now, thanks to your credit union, taking out a loan can include valuable insurance coverage in addition to providing funds to meet important financial needs. That's because we provide Loan Protection Insurance to eligible members on insurable loans.
Loan Protection Insurance is life insurance which covers the insurable balance of your credit union loans up to $20,000 in the event of your death before age 70. Please refer to the certificate of insurance for plan specific details.
It's Hard to Beat. Loan Protection Insurance is offered by your credit union at no direct cost to you. No physical exam is required, and the coverage is automatically in effect when you get your loan, as long as you meet the eligibility requirements. It's a great way to help plan your family's financial future.
Loan Protection Insurance is provided by your credit union and Minnesota Life Insurance Company St. Paul, Minnesota
This description covers only the highlights of Loan Protection Insurance. Your credit union will provide a certificate of insurance to eligible borrowers.