CREDIT DISABILITY INSURANCE

If you become totally disabled due to sickness or an accident and cannot work, this optional insurance can cover your loan payments up to the policy limits, helping you stay current when income is disrupted.

In the event you become totally disabled by sickness or an accident, credit disability insurance pays your loan payments up to the policy maximum. The premium for this service is added to your regular loan payments. For full policy details, ask a credit union loan officer.

 

 

1. Financial Protection When You Can’t Work

  • If you suffer a covered disability, the insurance steps in and pays your loan installments up to the policy maximum.
  • This can help you avoid missed payments when your income drops due to disability.

2. Protects Your Credit Rating

  • Making on-time loan payments keeps your credit history healthy.
  • If you’re unable to work and payments stop, insurance benefits help ensure accounts stay current, reducing the risk of negative marks on your credit report.

3. Peace of Mind for You and Your Family

  • Knowing your loans are covered during a disability means one less financial worry during a challenging time.
  • It can help protect your household budget and reduce stress while you focus on recovery.

4. Integrated and Convenient

  • The premium is typically added to your regular loan payments, so there’s no need to manage a separate bill.

For more information regarding credit disability insurance, call (318) 222-1979 or (318) 742-1912, or drop by one of our locations to see a loan officer.