Affordable And Reliable Loan Protection
At Mesquite Credit Union, we believe in providing comprehensive protection for your loans and vehicles.
That's why we offer a range of affordable and reliable loan protection plans to keep you covered and give you peace of mind.
Our vehicle and loan protection plans are designed to offer the same level of coverage as dealership warranties but at a fraction of the cost. As a valued member of Mesquite, you have exclusive access to these plans, ensuring that you receive the best protection available.
Explore our variety of protection plans by clicking on the brochures below:
Credit Life and Disability Coverage
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 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
Guaranteed Asset Protection (GAP)
Because your vehicle begins losing value as soon as you drive it off the lot, it's wise to consider Guaranteed Asset Protection to cover your investment. Guaranteed Asset Protection, or GAP, covers the difference between what you owe on the vehicle and what your insurance company will cover should your vehicle be stolen or totaled in a collision. The cost of GAP can be paid separately or rolled into your total loan amount if you finance your vehicle through Mesquite Credit Union.
Questions? Give us a call at (972) 285-8951.
Extended Warranty Plan
Cover your new or used vehicle with an Extended Warranty plan through Mesquite Credit Union. Not only do our Extended Warranty plans cost much less than dealer plans, but they can also be purchased for vehicles you've owned for years (with under 125,000 miles). Protect yourself from costly and unexpected repairs before they arise. Consider these average car repair costs:
Engine repair - $2,000
Air conditioner replacement - $1,600
Transmission repair - $1,000
Your Extended Warranty plan can be purchased separately or rolled into your loan amount if you're financing the vehicle through Mesquite Credit Union. Questions? Give us a call at (972) 285-8951. To submit a claim, call (844) 307-1001.
Additional Protection Plans
For more information on the plans below, please contact us.
TruStage AD&D Coverage
TruStage Auto and Home
TruStage Life Insurance
Whether you're looking for coverage against unexpected life events, protection for your vehicle's value, or additional insurance options, our range of plans has you covered. If you have any questions or need assistance in choosing the right protection plan for your needs, please give us a call at (972) 285-8951. Our friendly team is here to help you every step of the way. Don't leave your financial security to chance. Trust Mesquite Credit Union to provide you with the comprehensive loan protection you deserve.