Debt Protection Coverage
Life can be wonderful. But it can also get complicated when unexpected things happen.
Protecting your loan balance or loan payments against death, disability or involuntary unemployment could help protect your finances.
Life Plus adds protection for financially-stressful life events such as accidental dismemberment, terminal illness, hospitalization, family medical leave, and the loss of life of a non-protected dependent. This protection could cancel your loan balance or loan payments up to the contract maximums.
Protect your loan payments today so you can worry less about tomorrow.
It’s simple to apply for Debt Protection Life Plus. Contact Us to Get Started
Disclosure:
Your purchase of Debt Protection with Life
Plus is optional and will not affect your application for credit or the terms of any credit
agreement required to obtain a loan. Certain eligibility requirements, conditions, and exclusions
may apply. Please contact your loan representative, or refer to the Member Agreement for a full
explanation of the terms of Debt Protection with Life Plus. You may cancel the protection at any
time. If you cancel protection within 30 days you will receive a full refund of any fee paid.
Guaranteed Asset Protection (GAP)
Don’t let a wrecked vehicle wreck your finances. Guaranteed Asset Protection (GAP) is a great way to protect your finances if the value of your vehicle is less than the amount of your car loan.
A good rule of thumb is to assume your new vehicle will depreciate more than 20% after the first year you own it, half of which occurs the minute you drive it off the lot.
This leaves a gap between what you owe on your loan and the value of your vehicle if it’s deemed a total loss due to an accident or theft.
Our GAP program may reduce or eliminate the gap between what your vehicle insurance will pay and what you owe on your loan.
It’s simple to apply for GAP. Contact Us to Get Started
Disclosure:
Disclosure and Source: *Car Depreciation: How
Much Value Will a New Car Lose? CARFAX, Nov 9, 2018. Your purchase of MEMBER’S CHOICE™ Guaranteed
Asset Protection (GAP) is optional and will not affect your application for credit or the terms
of any credit agreement you have with us. Certain eligibility requirements, conditions, and
exclusions may apply. You will receive the contract before you are required to pay for GAP. You
should carefully read the contract for a full explanation of the terms. If you choose GAP, adding
the GAP fee to your loan amount will increase the cost of GAP. You may cancel GAP at any time. If
you cancel GAP within 90 days you will receive a full refund of any fee paid. GAP purchased from
state chartered credit unions in FL, GA, IA, RI, UT, VT, and WI, may be with or without a refund
provision. Prices of the refundable and non-refundable products are likely to differ. If you
choose a refundable product, you may cancel at any time during the loan and receive a refund of
the unearned fee. GAP purchased from state chartered credit unions in CO, MO, or SC may be
canceled at any time during the loan and receive a refund of the unearned fee. GAP purchased from
state chartered credit unions in IN may be with or without a refund provision. If the credit
union offers a refund provision, you may cancel at any time during the loan and receive a refund
of the unearned fee. GAP-2453288.1-0319-0421 © CUNA Mutual Group, 2019. All Rights Reserved.
Mechanical Repair Coverage (MRC)
As vehicles get older and miles add up, the likelihood for repairs increases. Mechanical Repair Coverage can help you limit out-of-pocket, costs for covered breakdowns.
Take advantage of
- Convenience - easy-to-use, 24/7 online shopping experience
- Customer service - expert service through a dedicated call center
- Monthly payments - through a convenient monthly payment plan that fits your budget
To research, compare and buy Mechanical Repair
Coverage, visit https://creditunion.forevercar.com/anokahennepincu
or call
1.866.903.0625.
Disclosure:
Mechanical Repair Coverage is provided
and administered by Consumer Program Administrators, Inc. in all states except CA, where coverage
is offered as insurance by Virginia Surety Company, Inc., in WA, where coverage is provided by
National Product Care Company and administered by Consumer Program Administrators, Inc., in FL,
LA and OK, where coverage is provided and administered by Automotive Warranty Services of
Florida, Inc. (Florida License #60023 and Oklahoma License #44198051), all located at 175 West
Jackson Blvd., Chicago Illinois 60604, 800.752.6265. This coverage is made available to you by
CUNA Mutual Insurance Agency, Inc. In CA, where Mechanical Repair Coverage is offered as
insurance (form MBIP 08/16), it is underwritten by Virginia Surety Company, Inc. Coverage varies
by state. Be sure to read the Vehicle Service Contract or the Insurance Policy, which will
explain the exact terms, conditions, and exclusions of this voluntary product.
MRC-2341946.1-1218-0121 © CUNA Mutual Group 2018