Protect your loan with affordable insurance from State Employees Credit Union! We offer payment protection credit life and credit disability insurance through CUNA Mutual Group. The coverage includes the following:

• Credit Disability makes a member's payment to the credit union if the member is unable to work due to an illness or accident. The premium is paid by the member and insures the primary borrower or the co-borrower. After a 30-day elimination period, benefits are payable from the fist day of disability.
• Credit Life pays off the member's outstanding loan balance if the member dies during the term of the loan.
• Credit Life "At Work Clause" - If a member is a homemaker, retiree, or student, they are eligible for Credit Life Insurance only if they are performing all of the usual duties of a homemaker, retiree, or student in the normal manner on the date of the initial advance and are not receiving disability benefits from any source.
• State of Insurability - If an eligible member requests insurance within thirty (30) days after the loan advance, they will be eligible for coverage if they provide a satisfactory Statement of Insurability to CUNA Mutual Group.
• Expiration of Insurance - On the date of death; on the date the loan is transferred to another creditor; on the date the loan stops; on the last day of the month the credit union is notified by the member to terminate insurance; when the member reaches the maximum age; or the last day of the month in which the loan is three (3) months past due.

For features and pricing of our Payment Protection options, please contact us today!