Credit Life Insurance provides life insurance coverage on personal loans and pays the outstanding loan balance directly to your credit union in the event of your death.
- Single or joint coverage available up to age 70
- The maximum term of 120 months.
- The estate isn't taxed on insurance payments made
- Premiums are financed so there is a lower up-front cost
If you are approved for a loan, you will most likely be approved for this insurance coverage.
If death occurs within six months after the effective date of insurance and results directly or indirectly from any condition for which you received medical advice, consultation or treatment, six months immediately proceeding the effective date of insurance.
For more information about your policy, claims or service, contact the CUIS Policyholder Inquiry Centre at 1.800.263.9120 or go to www.cuis.com.