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Credit Life Insurance
Life is anything but predictable – that’s what makes
credit life insurance so valuable. The coverage offers your members the
financial protection they need to help pay off or reduce their loans in the
event of their covered death. With very few administrative duties required,
credit life insurance is the perfect way for you to collect additional
fee-income while securing your risks. Moreover, you form a valuable business
relationship with your member by offering them financial protection that
will serve their family when it’s needed most.
Credit Disability Insurance
Promoting credit disability insurance is one of the
most simple and inexpensive ways that your credit union can generate
additional fee-income while improving member relations. Through promoting
credit disability insurance, you help ensure that your member’s loan
payments will be made should they become disabled due to a covered accident
or debilitating illness. This plan helps protect your credit union’s bottom
line and promotes a healthy financial partnership between you and your
member.
CRI is a marketing name attributed to
credit insurance business which is underwritten by Transamerica Financial Life
Insurance Company in the state of NY (Home Office – Purchase, NY), Investors
Heritage Life Insurance Company in the state of KY (Home Office – Frankfort, KY)
and in all other states by Life Investors Insurance Company of America (Home
Office – Cedar Rapids, IA) or Monumental Life Insurance Company (Home Office –
Cedar Rapids, IA). Products not available in all states. Exclusions, limitations
and terms of availability apply to this coverage.
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