Credit Disability and Credit Life Insurance
What is MEMBER’S CHOICE Credit Disability and Credit Life Insurance?
It’s a way to help cover you and your family. There’s no way anyone can
prepare for an injury, medical-related illness or an unexpected death,
but you can take steps along the way to make sure your family is
provided for if the unforeseen were to happen. MEMBER’S CHOICE
Credit Disability and Credit Life Insurance helps pay your loan so you
or your loved ones don’t have to.
How does it work?
The premium is included in your monthly payment. If you have a
balance on your loan and are totally disabled due to injury, become
ill, or in the event of an unexpected death, MEMBER’S CHOICE
Credit Disability and Credit Life 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 monthly payment.
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 your family needs to file a claim, simply contact your credit
union. Once you complete the loan documents, coverage begins for
Why is it valuable?
MEMBER’S CHOICE Credit Disability and Credit Life Insurance works
in two different ways. You and your family won’t have to make loan
payments if you’re totally disabled due to an injury or medically ill. It
will help pay your loan until you’re fully recovered, or in the event of an
unexpected death, it will pay off the loan.* Savings, salary, or payoffs
from other life insurance may be protected, giving your family financial
freedom when they need it most.
Contact a loan officer at
for more information.
*For terms of your contract agreement; up to your policy maximum.
Accidental Death and Dismemberment
Butte Federal Credit Union provides all members with
free $2000 AD&D coverage. For pennies a day, you
can add additional coverages from $10,000 to $250,000
for yourself and family that protects you against an
accidental death or dismemberment. Contact us at
to sign up for this great
Mechanical Breakdown Insurance (MBI)
Car dealers convince more than 50% of car buyers to
purchase expensive and limited extended warranty coverage.
Before you buy from the dealer, check with your Credit
Union about purchasing MBI Insurance at our low, low
rates. When your vehicle needs repairs, it’s nice
to know that you are covered by a protection plan with
a guaranteed low deductible long after the manufacturer’s
warranty has expired. Also, you choose the authorized
service facility for the repair work. For more information
about this automobile protection plan, contact our loan
Guaranteed Auto Protection (GAP)
If your vehicle is totaled or stolen, will your insurance
cover the entire loss? Not likely – you need to
be prepared to lay out additional cash – unless
you have purchased Butte Federal Credit Union’s
GAP policy. This GAP policy not only pays the difference
between the actual cash value of the total loss and
your outstanding loan balance, but it also pays your
primary insurance deductible up to $1000. Plus, as an
added bonus, you will receive $1000 cash. Contact us at
to add this valuable protection to your loan today.
NCUA and the Share Insurance Fund
All member share deposits ae federally insured to at least $250,000 by the National Credit Union Insurance Fund
(NCUSIF). In addition, IRA Accounts are insured separately
up to $250,000 from other acounts that a member maintains
in our Credit Union. This insurance fund is governed
by the National Credit
Union Administration, a U.S. Government Agency.