Member's Choice Credit Disability Insurance

Time and time again, we try to remind you that here at Section 705 FCU, we genuinely care about providing products and services that help and protect our members and their families. As another way of proving this, we are happy to offer Member's Choice Credit Disability Insurance.

Although it may be hard to imagine, accidents can happen to any of us at anytime. Getting this coverage is a great precaution to take for anyone whose family's wellbeing depends either partly, or wholly, on their ability to provide financially. Below, we've answered many common questions that may help you to better understand this insurance and whether or not it's right for you. If you have any other questions, feel free to contact us anytime to discuss your personal situation with one of our caring staff members.

1-What is Member's Choice Credit Disability Insurance?  It's a way to help cover you and your family. There's no way to completely prepare for a total disability due to injury or a medical-related illness, but you can take steps along the way to make sure that your family is provided for if the unforeseen were to happen. Member's Choice Credit Disability Insurancehelps to pay your loan when you and your family need it most.

2-How Does it Work?  The premium for the insurance is included in your monthly loan payment. If you have a balance on your loan at the time of a total disability, Member's Choice Credit Disability Insurance can help. By taking a few simple steps while signing your loan paperwork, you're helping take responsibility for your family's financial future.  Your loan officer can show you how. You won't receive extra bills or statements; everything is included in your payment.

You're never stuck with this coverage either! You can cancel within the first 30 days for a full refund, or any time after that if you change your mind.  If at any point you have questions, or if you need to file a claim, simplycontact the credit union. Once you complete the loan documents, coverage begins for eligible borrowers.

3-Why is it valuable? You and your family won't have to make loan payments--Member's Choice Credit Disability Insurance will help pay your loan while you're totally disabled.*  Regular disability insurance only covers a fraction of your salary, and that's only IF you qualify. Our disability insurance helps close the gap.  It's a safety net for your family so they don't have to use savings while you're totally disabled or medically ill.

*For terms of your contract agreement; up to your policy maximum.