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We look after you like family. Because that’s what families do. In addition to all the other embarrassing stuff.

Life can be wonderful. But it can also get complicated when the unexpected happens. Protecting your loan balance or loan payment against death, disability or involuntary unemployment could help protect your finances. Protection from LIFE PLUS could cancel your loan balance or payment up to the contract maximums — giving you and your family the financial breathing room it needs should an unfortunate life event affect your income earning.

Purchasing LIFE PLUS protection is voluntary and won’t affect your loan approval. It’s simple to apply. Ask your loan officer about eligibility, conditions, or exclusions.*

IN THE EVENT OF...	Death	Disability	Involuntary Unemployment
WHAT HAPPENS...	Protected borrower passes away.	A covered disability occurs due to injury or illness.	A covered job loss occurs.
IT CANCELS THIS... up to the contract maximums	Your payments or loan balance.	Your loan payments.	Your loan payments.
YOU MAY BE ELIGIBLE IF YOU...	Have an eligible loan.*	Are a permanent employee who is actively working.*	Are a permanent employee who is actively working* Are honorably discharged.

GAP with Deductible Assistance

Get GAP with Deductible Assistance and don’t let a wrecked vehicle wreck your finances.

Guaranteed Asset Protection (GAP) is a great way to protect your finances if the value of your vehicle is less than the amount of your car loan. A good rule of thumb is to assume your new vehicle will lose on average 19% the first year you own it, half of which occurs immediately after taking possession.* This leaves a “gap” between what you owe on your loan and the value of your vehicle. In the event of a total loss due to an accident or theft, GAP is designed to cancel the difference between what you owe on your loan and the amount paid by your primary auto insurer. Now you also get Deductible Assistance with your purchase of GAP. Deductible Assistance is designed to cancel part of your debt when a comprehensive or collision claim is paid and a deductible is incurred. This means you’ll have one less expense to worry about if something happens to your vehicle. Call us today to learn more about how you can add GAP with Deductible Assistance to your vehicle loan.

Disclaimers

*Refer to the member agreement for a full explanation of terms and conditions.
Your purchase of Debt Protection with Life Plus is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. Certain eligibility requirements, conditions, and exclusions may apply. Please contact your loan representative or refer to the Member Agreement for a full explanation of the terms of Debt Protection with Life Plus. You may cancel the protection at any time. If you cancel protection within 30 days, you will receive a full refund of any fee paid. DP-1200940.1-0615-0717 ©CUNA Mutual Group 2015, All Rights Reserved

* What is the Average Car Depreciation Rate? John Diether, Cars Direct, May 23, 2016
*Your purchase of MEMBER’S CHOICE™ Guaranteed Asset Protection (GAP), which includes deductible assistance, is optional and will not affect your application for credit or the terms of any credit agreement you have with us. Certain eligibility requirements, conditions, and exclusions may apply. You will receive the contract before you are required to pay for GAP. You should carefully read the contract for a full explanation of the terms. If you choose GAP, adding the GAP fee to your loan amount will increase the cost of GAP. You may cancel GAP at any time. If you cancel GAP within 90 days, you will receive a full refund of any fee paid.
GAP purchased from state-chartered credit unions in FL, GA, IA, RI, UT, VT, and WI, may be with or without a refund provision. Prices of the refundable and non-refundable products are likely to differ. If you choose a refundable product, you may cancel at any time during the loan and receive a refund of the unearned fee.
GAP purchased from state-chartered credit unions in CO, MO, or SC may be canceled at any time during the loan and receive a refund of the unearned fee.

Loan Protection

We look after you like family. Because that’s what families do. In addition to all the other embarrassing stuff.

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