Credit Life Insurance

This insurance offers added protection and financial security to the family in the event of loss, enabling them to use other insurance to go toward living expenses rather than paying down debt. It’s easy for qualified members under the age maximum to purchase this insurance with their consumer loan:

• Requires no medical exams, medical histories, or blood work if enrollment occurs within 30 days (ie: 30 day timeframes may vary due to credit union or state policy) of the loan* origination date.
  
• Cost is same for all members, regardless of their age, gender, smoker status, health, occupation or lifestyle. Home Equity Loan/Line coverage not available.
  
• Joint coverage available to co-borrowers in many states and in most states is not limited to related persons.
  
• Insurance charge included with loan payment.
  
• Benefit is not taxable.
  
• Pays above and beyond any other insurance the member might have.
  
• Protects collateral and credit rating.
  

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Want to know more? Speak to a representative at any NEFCU branch, or at 516.561.0030 or (800) 99-NEFCU outside the LI/NYC area.