LOAN INSURANCE OPTIONS

Credit Life/Disability

MEMBER'S CHOICE® Credit Life through CUNA Mutual Group is a voluntary insurance product that reduces or pays off your loan balance, up to the policy maximum, if you or your covered joint borrower dies. It helps preserve life insurance benefits for living expenses.

MEMBER'S CHOICE® Credit Disability through CUNA Mutual Group is a voluntary insurance product that makes monthly loan payments up to the policy maximum should you become totally disabled. Payments continue until you are no longer totally disabled, die, or the loan is paid off.

• Protects members and their families from financial burdens

• Protects the family's collateral and credit rating

• Insurance premium is included in the loan payment

• Simple, convenient enrollment...no health questions are asked

Guaranteed Asset Protection (GAP)

If your vehicle were totaled or stolen, would your insurance company pay off the entire loan balance?

Insurance settlements are based on your vehicle’s actual cash value, not your outstanding loan balance. So if your loan balance exceeds your car's value, you may end up making loan payments on a car you can no longer drive.

WFCU offers GAP insurance to pay the difference between your insurance settlement and your loan balance. GAP insurance may even cover up to a $1,000 of your insurance deductible as part of the deficiency balance. It will also provide an additional $1,000 to help your purchase a replacement vehicle if you finance it with WFCU. The cost for GAP is only pennies a day and can be financed with the loan.