Loan Protection Insurance
When you trust, you live with more freedom. Find that freedom in each and every moment, because no matter what life throws at you, we’ll pay off your insured credit union loan balance(s). *
Our Loan Protection package is designed to be a safety net for credit union members. That way, if you were to become totally and permanently disabled or pass away, you and your family can live worry-free.*
Why Loan Protection Insurance?
The purpose of this coverage is to provide protection and peace of mind for the credit union members, their families and co-makers against the burden of any unpaid loans upon your total or permanent disability or untimely passing.
This benefit is available to all credit union members under the age of 70.
Benefits & Special features
- Pays insured loan balances after your passing, up to age 70
- Insurance is offered at no additional cost to you
- The maximum loan and duration of coverage is determined by your credit union’s Loan Protection contract limit
- Total and Permanent Disability is covered if the disability occurs before age 60.
Termination / Cancellation of Coverage
- This coverage may be cancelled or terminated at any time either by the CUNA Caribbean Insurance Jamaica Limited or by the credit union.
If you are not yet a member of a credit union, then don’t hesitate. Sign up for a credit union loan today to enjoy the benefits of our Loan Protection Insurance.
For more information, visit your Credit Union or Loan Protection provider or call CUNA Caribbean Insurance Jamaica Limited.