Credit Life/Credit Disability

CREDIT LIFE/CREDIT DISABILITY

You have dreams for you and your family - a happy retirement, college plans, a new car. But have you considered how you would make those dreams come true if you were to become disabled or pass away? And how would you or your family make the payment on your loan if these types of unfortunate events were to occur?

There are two easily obtainable, flexible methods of protection for you and your family - MEMBER'S CHOICE term life and disability coverage.

Term Life - reduces or pays off your covered loan balance should you pass away before paying off your loan.
Disability - makes your monthly loan payment should you become disabled due to a covered illness or injury.

You only buy enough protection to cover your loan balance. Monthly premiums are calculated on your declining loan balance. Tying your coverage directly to your loan means that you'll have exactly the right amount of protection - no more, no less.

Help protect your financial dreams with payment protection on your loans . Please call one of our loan officers at 1-800-849-5600 or email us a lending@electelccu.org and ask how you can take another step closer to keeping your dreams secure.