The credit union offers Payment Protection Credit Insurance to help you protect more than just your credit rating. Whenever you take out a loan, you make a number of important decisions. You decide how much to borrow. You choose the term of the loan. Another decision you’ll make is whether to financially protect your loan with Payment Protection Credit Insurance.
AD&D – Accidental Death & Dismemberment Insurance
Protection for You and Your Loved Ones.
An Accidental Death and Dismemberment (AD&D) policy offers a benefit for a covered accidental injury or death, over and beyond any life or health benefits you may receive. The benefits are paid directly to you or your beneficiary.
Joining Glendale Area Schools Credit Union makes you a part of our family. And, we protect our family members age 18 through 69, are eligible to receive $2,000 Accidental Death and Dismemberment Insurance coverage-at no cost to you. Members ages 70 and older, can receive $500 of AD&D Insurance at no cost. Up to $250,000 in additional coverage is available from Hartford Life and Accident Insurance Company.
We understand that you have family members and loved ones to provide for, too. We’re happy to extend you the opportunity to better provide for them. Simply call 1-800-860-7182 and we’ll send you information that helps you provide more insurance protection for you and your family.
To learn more about AD&D, contact us
Two additional types of payment protection options.
- Credit Life Insurance is designed to reduce or pay off the insured balance on your loan if you die.
- Credit Disability Insurance is designed to pay your loan payments (up to the contract limit) if you become ill or disabled and are unable to work.
Protects Your Financial Future.
Payment Protection Credit Insurance protects your credit rating by helping to ensure your loan will not end up in default in the event of your disability or death. This reduces the financial burden on your family.
Protection that Pays.
When you choose to protect your loans with Credit Life and Disability Insurance, you’re planning for your family’s financial future.
If you’re disabled due to injury or sickness, your monthly loan payments will be paid until you’re no longer disabled, your loan is paid, or you reach the policy maximum. *If you pass away and your claim is payable, your eligible loan balance is reduced or paid off. This helps conserve your family’s savings and allows them to use other insurance funds to meet day-to-day living expenses, preserving the standard of living you worked so hard to achieve.
Application is easy and usually done at time of loan application. And, your monthly premium is included with your monthly loan payment.
Insurance products are provided by third parties, are not insured, and are not Credit Union guaranteed. Discounts may vary and may not be available in all states.