Credit Disability and Credit Life Insurance

There's no way anyone can prepare for an injury, illness, or unexpected death, but you can take steps along the way to make sure your family is provided for, if the unforeseen were to occur. Credit Disability and Credit Life Insurance can help you do that.

How It Works

Credit Disability Insurance

In the event that you become disabled or suffer from an illness, Credit Disability Insurance will cover your loan payments until you are fully recovered.

  • Maximum amount of insurance: $75,000
  • Eligibility age maximum: 66 years
  • Insurance termination age: 66 years
  • Monthly benefit maximum: $850
  • Maximum term of insurance: 120 months
  • Benefit duration maximum: 120 months
  • Disability Plan: 14 day/retro

Credit Life Insurance 

In the event of your unexpected death, Credit Life Insurance will pay off the balance of your loan.* Savings, salaries, or payoffs from other life insurance may be protected, giving your family the financial freedom when they need it most.

  • Maximum amount of insurance: $75,000
  • Eligibility age maximum: 70 years
  • Insurance termination age: 71 years
  • Maximum term of insurance: 120 months

How to Add This Coverage to Your Loan

If you add Credit Disability or Credit Life Insurance to your Mesquite Credit Union loan, your monthly premium will be rolled into your monthly loan payment. Simply speak with your loan officer about adding the coverage. 

Once you've signed your loan documents, coverage will take effect for eligible borrowers. You will have 30 days from the date of signing to cancel your policy for a full refund. You can also cancel your policy at any time in the future.

To learn more about our Credit Disability and Credit Life Insurance, give us a call at 972.285.8951.

*For terms of your contract agreement; up to your policy maximum.

Be sure to read the Credit Insurance Application and Certificate of Insurance which will explain the exact terms, conditions and exclusions of the policy. Only a licensed insurance agent may provide consultation on your insurance needs. This is a voluntary insurance product. Your financing outcome is not based on your selection of this product. Claims may be filed by completing a Disability Claim Notice available at your credit union. Credit Disability and Credit Life Insurance are underwritten by American National Insurance Company