Are your members safeguarded against unanticipated financial hardships that could easily put their dreams and lifestyles in jeopardy?
Credit life and credit disability insurance for consumer and home equity loans help create a safety net for members’ assets and savings by helping the member to avoid missing loan payments. Credit Insurance also reduces your credit union’s risk by protecting loans from delinquency, default or foreclosure – while providing you with another source of non-interest income.Learn more.
What’s in it for you?
- Business-building benefits. Safeguards your loan portfolio by helping prevent loan defaults; generates member-friendly non-interest income; allows you to offer the appropriate features and benefits to meet members' needs
- Comprehensive support. Quick and collaborative implementation; product education and training; member-facing marketing materials; online claims submission and inquiry; compliance expertise; regulatory advocacy and more
- Greater efficiency. LOANLINER® Document Solutions and loanliner.com® lending technologies can incorporate the credit insurance sale into the loan application for a seamless member experience; Lender Development Program® approaches bring consistency to offering products in each lending interaction by bringing credit union best practices to your operations
*http://www.ssa.gov/news/press/factsheets/basicfact-alt.pdf, April 2014
CUNA Mutual Group is the marketing name for CUNA Mutual Holding Company, a mutual insurance holding company, its subsidiaries and affiliates. MEMBER’S CHOICE® Credit Life and Credit Disability Insurance are underwritten by CMFG Life Insurance Company.