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 MEMBER’S CHOICE® Credit Disability and Credit Life insurance on your credit union loans can help your family maintain their standard of living by helping to make covered loan payments if your income is reduced or eliminated due to a disabling injury, illness or your unexpected death. 

Coverage that Pays
If you become totally disabled from work due to injury or sickness, credit disability insurance may help pay your monthly loan payments up to the monthly benefit maximum, until you’re no longer totally disabled, your loan is paid or you reach the policy maximum. If you pass away and your claim is payable, credit life insurance will reduce or pay off your eligible loan balance.

Don’t let unexpected events impact your ability to make your monthly payments. Enrollment is quick, premium is conveniently included in your payment and MEMBER’S CHOICE Credit Disability and Credit Life Insurance complements existing insurance.

 

 



 



 

 


 

Calculate Your Credit Disability Insurance Need

 Calculate Your Credit Life Insurance Need
 

 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 Monthly Income (Less Expenses) is insufficient, you may want to 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 After Death (Less Expenses) is insufficient, you may want to consider MEMBER'S CHOICE Credit Life Insurance on your new loan.
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.

Vermont: Claims may be filed by contacting your credit union. If you have questions regarding your claim status, contact CMFG Life at 800.621.6323. Only a licensed insurance agent may provide consultation on your insurance needs.

CDCL-956247.1-0614-0716