Georgia Credit Union offers Credit Life and Disability insurance
through Cherokee National Life Insurance Company.
you cannot pay off your loans, who will?
to these questions are important. The financial security you’ve
worked so hard to acquire is constantly threatened by the
risk of disability or death.
of our best efforts to prevent them, accidents and illnesses
do occur. When a serious accident or sickness strikes, financial
hardship often results.
why credit insurance is so important. Today, credit insurance
is part of any well-rounded insurance program. In these turbulent
financial times, it has become more important than ever to
protect the financial well-being you and your loved ones now
enjoy. And credit disability and life insurance protection
is designed to help relieve your family from the responsibility
of caring for your financial obligations in the event of a
disability or death.
moment now to consider Credit Disability and Credit Life Insurance.
This coverage can give you peace of mind knowing you’ve
helped protect your family from having to assume your loan
payments should something happen to you.
of mind” protection
Disability insurance provides funds to help make your regular
loan installments in the event a covered illness or injury
keeps you from working.
Life insurance provides benefits to help pay off your loan
should you die before completing your payments. Single or
joint insurance is available to help protect your family against
the financial burden of paying off your loan after your death.
insurance benefits are payable up to the maximum benefit amount
which will be shown on the policy or Certificate of Insurance
you will receive when your coverage becomes effective.
are eligible to apply for this coverage.
protection is available to you at attractive rates through
your financial institution. The exact cost for Credit Disability
and Credit Life Insurance tailored to your needs will be quoted
when you apply for coverage.
no money when you apply for coverage. For your convenience,
premiums will be automatically added to your loan payments.
You have no premium due dates to remember…or forget.
coverage for you…and your loved ones
While you may have some life or disability insurance, there’s
a good chance that the effects of inflation may have made
your existing coverage inadequate. U.S. Consumer Price Index
statistics show that in the last 10 years, the purchasing
power of your dollar has declined by nearly 50%. And inflation
has had the same effect on each dollar of insurance you have.
more, your changing needs and increased financial obligations
have a tremendous effect on the need for additional coverage
to protect the financial security you’ve planned for
yourself and your family.
Disability and Credit Life Insurance provide the kind of coverage
needed to help protect your family from having to meet one
of your important obligation – your loan – should
you become disabled or die before completing payments.
not have to be confined to bed or a hospital to receive disability
paid regardless of other insurance
Disability Insurance benefits are payable regardless of any
other insurance, workmen’s compensation or sick leave
you may have.
easy to apply
and apply for Credit Disability and Credit Life Insurance
at your financial institution. You’ll receive information
on the benefits, conditions of coverage and rates for these
remarkably affordable plans of protection.
apply for credit insurance when you sign up for your loan.
your policy carefully
coverage becomes effective, you’ll receive a policy
(or Certificate of Insurance) which sets forth in detail all
the rights and obligations of you and the Insurance Company.
When you receive your policy (or certificate), please read
coverage to help protect the financial well-being you’ve
planned for yourself and your family should you die or become
disabled and unable to work.