Credit Life & Disability Insurance

Credit Life and Disability benefits work…when you can’t.

What is Credit Insurance?

Credit insurance provides assistance to help pay an insured’s loan commitments when they cannot . Available coverage includes protection from an illness, accident or death.

Credit Life Insurance

May pay the loan balance in full up to the policy maximum, when the insured debtor dies. Survivors are protected from liability owed by the debtor’s estate on the loan.

Credit Disability Insurance

May help to make the monthly loan payments for the insured, up to the policy maximum terms and limits. Member’s finances don’t need to be disrupted due to accident or illness.

General Term Limits

  • Maximum Monthly Disability Benefit/  Monthly loan payment up to maximum of $850
  • Maximum total benefit per disability: $50,000
  • Termination Age for Disability Insurance:  66 years
  • Termination Age for Life Insurance:  70 years
  • Maximum total benefit: $50,000

Disability Benefits Begin the 15th day of the Disability

Note:  Borrowers are not required to add Credit Life or Disability insurance to loans, and coverage can be canceled at any time with written notice.This coverage does, however, offer a more affordable way for you to have financial protection against the unexpected. Complete coverage details are provided in the Certificate of Insurance and disclosures given to the insured when the loan is completed. For more details contact a loan officer.

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. CDCL-2726297.1-0919-1021


Account Verification Every two years your credit union conducts a Verification of Accounts to maintain the financial integrity of members account records. The verification is being performed as of September 30, 2020 with assistance of auditors from Credit Union Resources, Inc. A notice of the verification is included with your statement. Please compare your statement with your records and report any differences in balances to: Credit Union Resources, Inc. Financial and Technology Services P.O. Box 655147 Dallas, TX 75265-5147 Or via email at: If you do not receive a statement, contact Credit Union Resources, Inc., Financial and Technology Services. When replying, please state your name, account number and the name of the credit union. If no errors exist you do not need to take any further action.