Protecting Your Financial Future
Planning for your future is about making the best choices for you and your family—whether it’s improving your standard of living or protecting your financial future.  Requesting credit life and disability insurance on your credit union loans can help your family keep their standard of living if your income is reduced or eliminated due to a disabling injury, illness or your unexpected death. 

Protection that Pays
When you choose to protect your loans with MEMBER’S CHOICE™ credit life and disability insurance, you’re planning for your family’s financial future.

If you’re disabled due to injury or sickness, your monthly loan payments will be paid until you’re no longer disabled, your loan is paid, or you reach the policy maximum. * If you pass away and your claim is payable, your eligible loan balance is reduced or paid off.  This helps conserve your family’s savings and allows them to use other insurance funds to meet day-to-day living expenses, preserving the standard of living you worked so hard to achieve.

 

 

 

 

 



 


Benefits of Credit Life and Disability Insurance:
  • Simple and quick enrollment
  • Immediate coverage
  • Easy payment
  • Complements existing insurance
  • Maintains family’s living standard
  • Financial security
  • Peace of mind

 

 


 


Calculate Your Credit Disability Insurance Need

To find out if your family would have the financial resources to pay your monthly new loan payment if your income is reduced or lost due to your disabling injury or illness, complete the worksheet below.

 Calculate Your Credit Life Insurance Need

To find out if your family would have the financial resources to pay your monthly new loan payment if your income was lost due to your death, complete the worksheet below.

 

 

 


 Monthly Income if Disabled
  Employer disability coverage(if provided) $
  Individually owned disability coverage $
  Partner's income (net) $
  Other income $
 Total Monthly Income if Disabled $
 Monthly Expenses
  Mortgage(s)/rent payment $
  Car payment/transportation expenses $
  Credit card payment $
  Other loan payments $
  NEW LOAN PAYMENT $
  Utilities $
  Food $
  Child care $
  Retirement savings contribution $
  Educational savings contribution $
  Other expenses $
 Total Monthly Expenses $
 Monthly Income (Less Expenses) $

If your income is insufficient, you may consider MEMBER'S CHOICE credit disability insurance on your new loan.
 Monthly Income
  Your income (net) $
  Partner's income (net) $
  Other income $
 Total Monthly Income $
 Income lost due to death $
 Total Monthly Income After Death $
 Monthly Expenses
  Mortgage(s)/rent payment $
  Car payment/transportation expenses $
  Credit card payment $
  NEW LOAN PAYMENT $
  Utilities $
  Food $
  Child care $
  Retirement savings contribution $
  Educational savings contribution $
  Other expenses $
 Total Monthly Expenses $
 Income After Death(Less Expenses) $

If your income is insufficient, you may consider MEMBER'S CHOICE credit life insurance on your new loan.

*Covered loan payments are subject to the terms and conditions of the policy.

Check with your loan officer for more details on MEMBER’S CHOICE™ credit life and disability insurance, including exclusions, limitations, and maximum benefits.

MEMBER’S CHOICE™ credit life and disability insurance are underwritten by CMFG Life Insurance Company.