Loan Payment Protection
Debt Protection with LifePlus
Protection types available:
Loan Payment Protection Insurance is not insured, underwritten, issued, or guaranteed by NCUA or any other federal government agency. There is no requirement to purchase insurance as a condition of the loan.
- LifePlus Disability and Unemployment
- LifePlus Disability
- LifePlus Unemployment
If your vehicle is totaled or stolen, will your insurance cover the entire loss? Not likely. You may have to pay the difference, the gap, between what you owe, and the actual cash value of your vehicle, from your own pocket. With CUNA Mutual Insurance, now you can protect your investment. CUNA Mutual offers an affordable GAP program called the Member Choice GAP Plus that pays the difference between the amount paid by the primary insurer (the actual cash value) and your outstanding loan balance, less any primary insurance deductible. It also pays $1,000 toward the purchase of a replacement vehicle. Additional features include protection for new and pre-owned vehicles, protection for vehicles valued up to $100,000, protection for the entire term of the loan, minimal monthly cost, and deductible coverage up to $1,000.