Life











The right kind of life insurance depends on many factors, including your age, lifestyle, financial position, family status, and what you want the insurance to accomplish. Your Credit Union offers access to three separate kinds of life insurance in partnership with CUNA Mutual Group to meet different needs.

Term Life Insurance- provides low-cost, high-benefit protection for a specific time period. It does not include cash accumulation or investment features. Proceeds are paid if you die during the term specified. Finally, premiums and benefits may be either level or decreasing.

Whole Life Insurance- offers coverage for your entire life. The premiums remain level, the same throughout your lifetime. It can accumulate cash value and has loan accessibility. It can provide a future source of money and it lets you terminate the policy and receive accumulated cash.

Accidental Death and Dismemberment Insurance- If you are age 18 through 69, there is up to $250,000 in coverage available for you and your family at group rates that can be conveniently dedcuted from your Credit Union savings or checking account.

From here, call MEMBERS Financial Services Center toll-free at 1-800-356-6006 to learn more about plan provisions and benefits, at no cost or obligation. Talk with a professional licensed insurance representative about the benefits of a life insurance plan designed to meet your needs. Together you can make sure that the directions of change are favorable for your future.

 

 

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