Payment Protection with Credit Life & Credit Disability Insurance


Protect your family in the event of death or serious injury.

It’s not something we like to think about, but what would you or your family do in the event of a death or disability? If something should happen to you, your loan obligations could potentially place a burden on your family. To protect your assets and your family’s financial well-being, consider Credit Life and Credit Disability Insurance for your next loan.1 It can pay your credit balances if you die (Credit Life) or suffer a serious illness or injury (Credit Disability), as defined in the policy. It’s a perfect supplement to your existing life and disability policies, and every applicant qualifies. You can’t be turned down

Below is a summary of the insurance plans.1

Feature Credit Life Insurance Credit Disability Insurance
Maximum Benefit Amount $55,000 per Insured 2 $30,000 per insured/ per disability
$600 monthly maximum
Maximum Benefit Term 120 months 120 months
Age Maximum/ Termination 70 66
Rate Single Life: $.54 per $1,000

Joint Life: $.87 per $1,000

Single Life & Joint Disability: $3.33 per $1,000

Joint Life & Joint Disability: $3.66 per $1,000
Single Disability: $1.47 per $1,000

Joint Disability: $2.79 per $1,000

Single Life & Joint Disability: $3.33 per $1,000

Joint Life & Joint Disability: $3.66 per $1,000

1 Credit Life and Credit Disability Insurance are not available on first mortgages, construction loans, land loans, home equity loans and lines of credit, HELP lines of credit, and all pledge of savings or certificate loans.

2 The maximum insurable benefit for credit cards is $30,000.

You may choose to request a quote for your insurance coverage from HVFCU Insurance Agency at any time. You may be contacted by an agent of HVFCU Insurance Agency, who will offer you a free, no- obligation quote to provide insurance coverage in connection with your loan. Nondeposit investment products may be offered by an employee who serves both functions of accepting member deposits and selling nondeposit investment products.

The insurance product is:

  • Not a deposit
  • Not NCUA/NCUSIF Insured
  • Not insured by any other federal government agency
  • Not guaranteed by HVFCU
  • May go down in value

    © 2016 Hudson Valley Federal Credit Union

    PO Box 1071, Poughkeepsie, NY 12602-1071
    ph: 845.463.3011 / 800.468.3011

    Routing Number : 221979363
    HVFCU Prepaid Visa Routing Number: click here