Personal Loan Peace of Mind - Because
Meeting Your Obligations Matters
Your credit union offers an outstanding life
insurance program for you and your family's peace of mind.
For just pennies a day, you'll have the comfort of knowing
your family won't have to worry about the financial obligation
of paying your loan.
Life insurance protection eliminates the outstanding
balance on personal loans and lines of credit, leaving your
loved ones debt free.
CREDIT LIFE INSURANCE BENEFITS AND FEATURES
- Save money! Single premium: $.78 per $1000.
Joint premium: $1.30 per $1,000
- You're covered! Available on personal loans
- Personal loan insurance premium is included
in regular payment
- No physical examination required and no pre-existing
health exclusion
- Underwritten by CUMIS Insurance Company
- Maximum coverage $75,000
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Line of Credit Peace of Mind - Because Meeting Your Obligations
Matters
Your credit union offers an outstanding life
insurance program for you and your family's peace of mind.
For just pennies a day, you'll have the comfort of knowing
your family won't have to worry about the financial obligation
of paying your loan.
Life insurance protection eliminates the outstanding
balance on your line of credit, leaving your loved ones debt
free.
CREDIT LIFE INSURANCE BENEFITS AND FEATURES
- Save money! Single 0.58 / 1000 and joint
0.91 / 1000 on authorized Lines of Credit under $50,000.
In the case of authorized limits over $50,000, rates are
age banded and grouped in categories of smoker and non-smoker.
- You're covered! Available on lines of credit
- Monthly premium payments only charged on
amount used, not the total authorized amount; debited to
LOC on the 30th of each month
- No physical examination required
- Underwritten by CUMIS Insurance Company
- Maximum coverage $500,000 to age 70
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Life Insurance Mortgages - Because
Meeting Your Obligations Matters
Your home is a big investment. So it's nice
to know your financial obligations can be met in case anything
happens. For pennies a day (that can be incorporated into
your mortgage payment) you and your family can have total
peace of mind.
Quoted at time of application.
CREDIT LIFE INSURANCE BENEFITS AND FEATURES
- In the event of death, the outstanding balance
of the insured mortgage at the date of death, plus up to
6 months accrued interest, plus 90 day settlement interest
is paid
- Underwritten by CUMIS Life Insurance Company,
an established insurance company
- Joint coverage available
- Insurable maximum is $500,000
- Premiums adjusted downward when additional
payments of $5,000 or more have been paid against your mortgage,
saving you money as you pay off your mortgage
- Interim coverage available - immediate coverage
to offset contractual liability with vendor
- No underwriting - on site issuance under $250,000
and in good health - saves you time and money
- Protect your family and assets - buy Group
Mortgage Insurance when you set up your mortgage
- Critical Illness coverage, a living benefit
that will pay out the mortgage upon diagnosis of life threatening
cancer, stroke or heart attack, is available
- Accident & Sickness
and Loss of Employment Insurance available
MORTGAGE LIFE INSURANCE
RATE SCHEDULE
Rates (per $1000), sales tax not included:
(vary depending on age)
NON-SMOKER
| Age |
Single |
Joint |
| 16-25 |
$0.0756 |
$0.1188 |
| 26-30 |
$0.0972 |
$0.1296 |
| 31-35 |
$0.1188 |
$0.1620 |
| 36-40 |
$0.1728 |
$0.2376 |
| 41-45 |
$0.2376 |
$0.3456 |
| 46-50 |
$0.3348 |
$0.4752 |
| 51-55 |
$0.4752 |
$0.6696 |
| 56-60 |
$0.6912 |
$0.9612 |
| 61-64 |
$0.9720 |
$1.3608 |
SMOKER
| Age |
Single |
Joint |
| 16-25 |
$0.1404 |
$0.1944 |
| 26-30 |
$0.1728 |
$0.2376 |
| 31-35 |
$0.2268 |
$0.3240 |
| 36-40 |
$0.3132 |
$0.4320 |
| 41-45 |
$0.4320 |
$0.6048 |
| 46-50 |
$0.6480 |
$0.8964 |
| 51-55 |
$0.9072 |
$1.2744 |
| 56-60 |
$1.2420 |
$1.7280 |
| 61-64 |
$1.6956 |
$2.3760 |
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Note:
Some products have more underwriting qualifications than
others. Call us for complete
details.
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