PROTECT · DEBT PROTECTION · LIFE PROTECTION

Don’t compound worry on top of those unexpected life events.

Life can be wonderful. But, it can also get complicated when unexpected things happen. Protecting your loan balance against death could help protect your finances and your loved ones.

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.

Protect your loan payments today so you can worry less about tomorrow. We can include the cost in your payments, and it would cover the following:

  • Pays off your loan balance up to $50,000 in the event of death1 2
  • Pays off your loan balance up to $50,000 in the event of accidental dismemberment and/or terminal illness1 2 3 4
  • Payment cancellation of 3 months or $3,000 for Hospitalization, Family Medical Leave, or a Loss of Life of a Non-Protected Dependent5 6 7 8

The Credit Union offers 3 different grades of protection for you and your family:

GRADE A

GRADE B

  • Life Protection
  • Disability Protection

GRADE C

  • Life Protection

1 Graded benefit at age 70; no age maximum

2 Pre-existing condition exclusion applies for first six months

3 Accidental Dismemberment protects the loss of eye, foot or hand within 90 days of causal accident

4 Terminal Illness protects a diagnosis of a terminal illness with less than 12 months to live

5 Hospitalization protects a minimum hospital stay of 48 hours to receive 3 months or a maximum $3,000 per occurrence

6 Family Medical Leave covers 14 consecutive days of unpaid family medical leave to receive 3 months or a maximum $3,000 per occurrence

7 Loss of Life of a Non-Protected Dependent (i.e. a child) benefit is 3 months or a maximum $3,000 per occurrence

8 One occurrence per rolling 12 months applies to all 3 benefits individually

Your purchase of MEMBERS 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 the credit union, or refer to the Member Agreement for a full explanation of the terms of MEMBERS 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.

EXPERIENCE THE CREDIT UNION DIFFERENCE

EXPERIENCE THE CREDIT UNION DIFFERENCE

CALCASIEU TEACHERS & EMPLOYEES CU

PO Box 16134
Lake Charles, LA 70616
(337) 433-4525

Copyright 2019 · ALL RIGHTS RESERVED

CALCASIEU TEACHERS & EMPLOYEES CU

PO Box 16134
Lake Charles, LA 70616
(337) 433-4525

Copyright 2019 · ALL RIGHTS RESERVED