Credit Life and Disability Insurance
Who will make your loan payments if you can't? To help ease the financial burden of your loan obligation in the event of an unexpected life event, injury or illness, we offer optional credit life and disability insurance. If you die or become disabled due to a covered illness or accident, your loan payments may be reduced or paid off, up to the coverage maximum. Your premium will be included in your monthly loan payment, so there are no additional bills to worry about. Be sure to consider this protection the next time you apply for a loan.
Your purchase of MEMBER'S CHOICE™ Credit Life and Credit Disability Insurance, underwritten by CMPG 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 eligiblity requirements, conditions and exclusions may apply. Please contact your loan representative, or refer to the Group Policy for a full explanation of the terms.
Guaranteed Asset Protection Plus (GAP Plus)
GAP Plus is designed to protect members against financial loss in the event their vehicle is stolen or declared a total loss due to a protected peril. GAP Plus cancels the difference between the primary auto insurance carrier's settlement and the Protected Balance. The Protected Balance is the pay-off amount that is directly related to the purchase of the vehicle or the amount borrowed that is secured by the vehicle (subject to protection limits). See a member service representative for details.
Your purchase of MEMBER'S CHOICE™ Guaranteed Asset Protection Plus (GAP Plus) is optional and will not affect your application for credit or the terms of any credit agreement you have with us. Certain eligibility requirements, conditions and exclusions may apply. You will receive the contract before you are required to pay for GAP Plus. You should carefully read the contract for a full explanation of the terms. If you choose GAP, adding the GAP fee to your loan will increase the cost of the loan. You may cancel GAP Plus at any time. If you cancel GAP Plus within 90 days you will recieve a full refund of any fee paid.
- Click here to see the loans that LVECU offers
- Click here for the CUNA Mutual Group credit life and disability coverage loan calculator