Give yourself some peace of mind.
Taking out a loan, whether big or small, means responsibility. Sometimes, things happen in life that can make it hard to keep up with payments. That’s why we offer loan payment protection, underwritten by CMFG Life Insurance Company1, at lower rates than you might find elsewhere.
To help you sleep easier, we offer two types of loan insurance products to meet your payment obligations. These types of coverage are available for any loan or line of credit except first mortgages2, credit cards, equity lines of credit and loans with a term of greater than 10 years.
If you become disabled due to a covered accident or illness, this plan generally makes payments–up to the policy limit–on your VACU loan. You must be working for at least 25 hours weekly to select this coverage.3
If you die before you have repaid your loan, this plan is designed to reduce or pay off your VACU loan balance.4
Contact your loan representative for more details. Visit a branch or call us at 804-323-6800.