Protection for you and your family.
The only thing certain about insurance is how confusing it can be. Excite Credit Union is all about keeping the rates low and the slang to a minimum. So you know when we talk insurance, we keep it cool. Let’s chat to find the best coverage for you, your family, and your future. Step up to better protection today.
DEBT PROTECTION PLUS
Does your family have a safety net if the unexpected hits?
Help protect your family against the unexpected.
Recently, we’ve experienced just how quickly life can change. We want to remind you that Excite Credit Union offers Debt Protection Plus – a solution to help you proactively safeguard what matters most. In the event of sickness, injury, loss of life, or involuntary unemployment, Debt Protection Plus can help you maintain your standard of living during uncertain times by protecting your finances.
Debt Protection Plus
- Is a recommended, but completely optional loan product.
- Helps you stay out of debt when something unexpected occurs, like a job loss, illness or injury.
- On Consumer loans: pays up to 24 months of minimum payments and a maximum of $24,000, or
- On Credit Cards: Pays up to 24 months of payments at a minimum of $200 per month and a maximum of $24,000 Visa® credit cards.
- Home Equity Loans: pays up to 12 months of minimum payments and a maximum of $12,000
Please note: Home Equity protection can only be added at the time the loan is established. Debt Protection Plus added now will not cover current unemployment due to COVID-19, even after the 90-day waiting period.
If you are interested in adding Debt Protection Plus to your loan or Visa product or discussing your options in more detail, contact us today at 800.232.8669. We’re here to help.
Need to file a claim?
If you prefer, call 1.800.621.6323 and a CUNA Mutual Group Claims Specialist will guide you through the process.
Debt Protection FAQs
For Consumer Loans & Credit Cards:
- Option 1 | 0.449/$100 of balance
- LifePlus
- Sickness & Injury (Disability)
- Involuntary Unemployment
- Option 2 | 0.349/$100 of balance
- LifePlus
- Sickness & Injury (Disability)
- Option 3 | 0.149/$100 of balance
- LifePlus
For Home Equity Loans:
- Option 1 | 0.349/$100 of balance
- LifePlus
- Sickness & Injury (Disability)
- Involuntary Unemployment
- Option 2 | 0.299/$100 of balance
- LifePlus
- Sickness & Injury (Disability)
- Option 3 | 0.149/$100 of balance
- LifePlus
You must be working 25 hours or more per week for Options 1 & 2. Option 3 does not require employment.
You are free to change or cancel coverage at any time.
Consumer loans, Visa® credit cards and HELOC. Business and mortgage loans are not eligible.
You must have coverage for at least 90 days prior to the date of loss to file an Involuntary Unemployment or LifePlus claim. Coverage is effective immediately for Disability and Loss of Life claims, excluding cases resulting from a pre-existing condition
- In addition to protecting for loss of life, LifePlus will cancel the balance for eligible events related to: terminal illness and accidental dismemberment.
- In addition to protecting for loss of life, LifePlus will cancel payments for eligible events related to: hospitalization, family medical leave and loss of life of a non-protected dependent.
TRUSTAGE INSURANCE
TruStage® Insurance: Simple, Straightforward, Budget-Friendly.
Insurance is an important part of a solid financial plan. The key is finding coverage that fits your needs and budget from someone you can trust. The right insurance can help give you peace of mind today.
Backed by more than 80 years of working with credit unions and their members, you can count on TruStage to help protect what matters most.
Get a quote or explore your options today.
© Copyright 2020, TruStage. All Rights Reserved.
TruStage® insurance products and programs are made available through TruStage Insurance Agency, LLC. Life insurance and AD&D insurance are issued by CMFG Life Insurance Company, PO Box 61, Waverly IA 50677-0061. Auto and Home Insurance Program are issued by leading insurance companies. The insurance offered is not a deposit, and is not federally insured, sold or guaranteed by your credit union.
GEN-2944047.1
CUNA Mutual Group is the marketing name for CUNA Mutual Holding Company, a mutual insurance holding company, its subsidiaries and affiliates. Payment protection products include debt protection products available through the credit union and MEMBER'S CHOICE® credit life and credit disability insurance underwritten by CMFG Life Insurance Company.
Disclosure Your purchase of Debt Protection Plus with Life Plus 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 Member Agreement for a full explanation of the terms of Debt Protection Plus. You may cancel the protection at any time. If you cancel protection within 30 days you will receive a full refund of any fee paid.
Unique ID & Copyright DP-3109083.1-0620-0622 © CUNA Mutual Group 2018, All Rights Reserved