Insurance

Accidental Death & Dismemberment Insurance

Accidental Death & Dismemberment Insurance is available to help members maintain financial stability in the event of a disabling accident or death. This plan lets us provide $1,000 of Accidental Death & Dismemberment Insurance at no cost to you. You can then buy up to $250,000 of supplemental coverage from the insurer at low group rates.

Credit Life Insurance

Credit Life Insurance is designed to help pay off or reduce a borrower's loan balance in the event of the borrower's or co-borrower's death. It is available with most consumer loans. It is a voluntary purchase that provides peace of mind to you.

Credit Disability Insurance

Credit Disability Insurance is designed to help pay the total or partial monthly payments of a loan in the event the borrower becomes ill or falls victim to an accident or injury and is unable to work. The benefit is calculated per day of total disability. It is available with most consumer loans and is a voluntary purchase.

Mortgage Life Insurance

Mortgage Life Insurance is designed to help pay off or reduce the mortgage balance in the event of the borrower's death. Although it is available with most mortgage loans, it is not mandatory to purchase the coverage. The primary reason most borrowers purchase this insurance is to protect what is usually their largest asset - their home.

Mortgage Disability Insurance

Mortgage Disability Insurance is designed to help pay the total or partial monthly mortgage payments in the event the borrower becomes disabled due to sickness, accident or injury and is unable to work. In most cases the benefit is calculated per day of total disability. While it is available with most mortgage loans, it is not mandatory to purchase the coverage. The primary reason most borrowers purchase this insurance is to protect their credit rating and not place additional strain on the household budget in the event of disability.

Outstanding Balance Insurance

When you need a loan for an unusually large expense, you shouldn't have to risk your good credit, or the equity you've earned in your home, to the unexpected. Outstanding Balance Insurance helps members protect their family's lifestyle in the event of death. The product may cover the amount the member owes on his or her revolving loan or re-advancable credit. With this product, the member never pays for unnecessary coverage. Affordable premiums reflect the amount needed to cover the individual's outstanding balance. In the event of death, the coverage may pay off the member's outstanding loan balance up to $500,000. In addition, should the member become terminally ill, benefits may be paid prior to death. Joint coverage is also available.

Level Term Life Insurance

This is an important insurance product designed to provide benefits if an insured or joint insured should die or becomes totally disabled as a result of a covered illness or accident.

Level Term Disability Insurance

Level Term Disability Insurance works together with the Level Term Life product to deliver maximum protection. The Level Term Disability Insurance, available exclusively to credit union members, can cover monthly loan payments for pennies a day.

For cost and complete details on the following insurance products contact any loan office at Community Savings at 1-888-963-2000.

DISCLAIMERS

In Canada, Credit Insurance is underwritten by Life Investors Insurance Company of America (Head Office - Toronto, ON) and is available to credit union member's only. These coverages are only available through CRI Canada in Canada. All products may not be available in all provinces.

The CRI Canada name is used under a license issued by Creditor Resources, Inc. CRI Canada is a marketing name attributed to the group insurance business underwritten by Life Investors Insurance Company of America and insurance-related products licensed through Creditor Resources, Inc.