Loans
Protect Your Loans
Protect Your Loans
Disability and Term Life Protection
Adding disability and term life on your loan ensures your payments will be made up to the policy limits, in the event of a covered disability or death. Consider these questions:
Disability Questions:
- Do you currently spend almost everything you earn?
- What percentage of your income is covered by long-term disability insurance?How long before long-term disability benefits starts? What other resources do you have?
- If you became disabled, how long could you afford your existing standard of living without incurring debt or disrupting your long range savings plans?
Life Questions:
- How many years of replacement income does your current life insurance provide?
- What happens to your family’s standard of living once this replacement income is gone?
- How will your new loan affect your life insurance needs
MEMBER’S CHOICE Credit Disability and Credit Life are important for protecting your credit rating, collateral and your peace of mind. Because even with employer and government sponsored insurance,significant gaps remain. With MEMBER'S CHOICE you can help ensure your dreams don't become nightmares.
Mechanical Repair Coverage
Street-smart drivers are turning to MEMBER’S CHOICE Mechanical Repair Coverage. It protects you against many of the costly auto mechanical repairs no longer covered by your vehicle’s manufacturer’s warranty. Answer the following questions to determine if Mechanical Repair Coverage is right for you.
Are you purchasing a used vehicle?
If you are purchasing a used vehicle, you may not have protection against unexpected auto mechanical repairs.
How long do you plan to keep your new or leased vehicle?
Do you plan to keep your vehicle longer than your manufacturer’s warranty period?
How many miles do you drive per year?
Will your annual mileage multiplied by the number of years you plan to keep your vehicle exceed your manufacturer’s warranty?
Guaranteed Asset Protection Coverage
Protect your financial well being. GAP coverage pays the difference between your automobile insurance company’s settlement and the remaining loan amount (directly related to the automobile purchase) in the event your vehicle is stolen or damaged beyond repair.
