Debt Protection
Protection for your family’s finances.
Your family means everything to you. And if the unexpected happens, you don’t want an emotionally trying situation to be compounded by financial worry. That’s why there’s Debt Protection, which may cancel or reduce your loan balance or payments up to contract maximums in case of:
- Involuntary unemployment
- Disability
- Death
Life Plus
For additional protections, Life Plus can extend your Debt Protection to address a wide range of circumstances, giving you the reassurance of knowing you’ve taken steps to help secure your finances.
- Accidental dismemberment
- Terminal illness
- Hospitalization or family medical leave
- Death of a non-protected dependent
Protection that fits your needs:
- Easy application
- No medical exam required
- Customized to fit your needs and budget
- Cost included in your loan payment
- Completely voluntary
- Will not affect your loan approval
Enjoy the security that comes with being protected. Ask us about Debt Protection with Life Plus today!
Guaranteed Asset Protection (GAP)
Essential protection for your vehicle loan – and your finances.
Vehicle loan protection for what your auto insurance may not cover for a wrecked vehicle. That’s where GAP comes in
If your vehicle is deemed a total loss due to an accident or stolen, there can be a significant gap between what you owe on your loan and what your auto insurance will cover. GAP may reduce or even eliminate that shortfall in the event your vehicle is deemed a total loss.
Mechanical Repair
Protection from costly vehicle repairs.
With MRC from TruStage, your credit union offers a vehicle service contract to help protect members from unexpected vehicle repair costs.
MRC is high-quality, comprehensive coverage that pays for the cost of parts and labor for any covered vehicle mechanical repair. It provides the needed protection at the time your vehicle is most likely to require repairs.
One program for both new and used vehicles with three levels of coverage to choose from depending on the vehicle’s equipment.
Benefits
Rental Reimbursement
Up to $35/day for 5 days (up to an additional 5 days with verified parts delay) from day one.
24-Hour Emergency Roadside Assistance
Includes towing, battery jump start, fluid delivery, flat tire assistance and lock-out service. (up to $100 per occurrence)
Key replacement
Up to $800 per occurrence for the repair or replacement of lost, stolen, or damaged keys.
Transferability
If you sell your vehicle privately (within 30 days from the date of sale), the coverage can be transferred (for a $50 administrative fee), adding resale value and appeal.
Members can finance the cost of MRC with their loan so that it is included in their monthly loan payment. Additionally, members can pay for the coverage by cash, check, or credit card to the credit union.
The cost is priced based on
1.) the vehicle manufacturer’s make, model, and year;
2.) choice of term/miles of coverage; and
3.) choice of deductible. Plans may be purchased on both newly purchased and already owned vehicles.