SmartMoney

Financial tips and money-saving advice from Goldenwest Credit Union

Credit Life & Disability Insurance Protects More Than Your Finances

May 20, 2020

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Life can be wonderful. But it can also get complicated when unexpected things happen. Protecting your loan payments against an unexpected disability and covered life event could help you protect more than your finances. It could help lighten the burden for the people you care about. Insure your loan payments today so you can worry a little less about tomorrow. There’s no way to predict a terminal illness or an event that leaves you disabled. You can take steps to protect your family if the unexpected happens. Credit life insurance may help reduce or pay off your protected loan, up to the policy maximum, should a covered life event occur. You decide which payments you want to protect and the monthly premium may be added to your loan. Coverage is designed to fit your lifestyle, it is totally voluntary, and it won’t affect your loan approval. You can sign up for Credit Life and Disability Insurance at your loan closing, or anytime you’d like. Call Goldenwest Credit Union at 801-621-4550 to learn more.

CUNA Mutual Group is the marketing name for CUNA Mutual Holding Company, a mutual insurance holding company, its subsidiaries and affiliates. Your purchase of MEMBER’S CHOICE® Credit Life Insurance, underwritten by CMFG Life Insurance Company, is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. Certain eligibility requirements, conditions, and exclusions may apply. Please contact your loan representative or refer to the Group Policy for a full explanation of the terms.

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