Credit Disability Insurance for when the unexpected happens. 

Credit Disability Insurance for when the unexpected happens. 

COPFCU helps you rest easy when life doesn’t go as planned.

While we often plan for our next home, car or vacation, some life events are unpredictable. A major disability can destroy a family’s finances. This is where Credit Disability insurance can offer peace of mind.

What is Credit Disability Insurance?

Credit disability insurance is insurance placed on a loan. If one of the loan borrowers becomes totally disabled, credit disability insurance can cancel or decrease the monthly payments on the loan. Credit disability insurance reduces the financial burden on the borrower and their family, allowing other disability insurance policies to be used for medical care, mortgage payments or other family needs.

Credit Disability Benefits:

  • Coverage is available for vehicle, personal and home equity loans
  • Low-cost of just $.83 per thousand if a single borrower owns the loan or $1.58 per thousand if joint borrowers own the loan
  • Can cancel or reduce the loan payment up to $600 per month, up to a maximum of $30,000 per loan.

Protect your family against the unexpected at an affordable low cost.

Request a quote for Credit Disability Insurance today.

Get a Quote Now

Important Legal Disclaimer

Exclusions & Limitations
A credit life benefit will not be paid if the claim is related to:

• A pre-existing condition when the claim is incurred within 6 months following the effective date of insurance. The effective date of insurance is the later of the issue date of the certificate, the date of an advance, or the date the application for insurance is signed.
• Normal pregnancy

Waiting Period
A 30-day non-retroactive** waiting period applies. The waiting period starts with the first day of total disability. A borrower must meet the definition of total disability for longer than the waiting period to qualify for benefits.

**Non-Retroactive: Benefits are calculated from the day after the waiting period has been completed.

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 and Credit Disability 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.