A small step to securing your biggest dreams.

An Allegacy loan is all about one thing—helping make your dreams come true. That’s why we not only make it easy to get the loan you want, but also the loan payment protection you need with Member’s Choice Disability and term Life coverages.

After all, we know your biggest dream isn’t just the perfect car, or home, or a brand new kitchen! It’s making sure that you and your loved ones are financially secure. Even if something happens that you’d never expect—like death or a disabling illness or injury. Who would make your loan payments if you couldn’t work due to a disability? Who would pay off your debts after your death so your family wouldn’t have to?

There is an easy solution to this problem:
Member’s Choice™ Disability and Term Life Insurance.

You can count on this protection to step in when you and your family need help the most. And that means you can count on your dreams to continue – even when your income does not.

Protection that lets you and your family rest easy.

With Member’s Choice Disability and Term Life protection, you‘ll find comfort in knowing that an emotional tragedy doesn’t have to become a financial burden. Take a look at the value of these two types of loan payment protection at Allegacy:

Member’s Choice Disability makes your monthly loan payment if you become disabled due to a covered illness or injury. Payments continue until you return to work, the loan is repaid, or you reach your policy maximum.

Member’s Choice Term Life reduces your or pays off your eligible loan balance if you should unexpectedly die before paying off your loan.

Do you have enough coverage?

Disability and Term Life protection is especially valuable if you don’t already have short-term or long-term disability coverage, or if you don’t have an individual or group life insurance plan. But even if you do have other insurance protection, will that be enough coverage? Not necessarily. Other coverage is designed to protect your everyday expenses, not your loan balances. And keep in mind that Worker’s Compensation, Social Security, and employer-provided insurance do not always provide the help you and your loved ones need to maintain your current standard of living. Find out more about GAP (Guaranteed Asset Protection) Insurance as well as other opportunities. If you had to draw on your savings to pay off your loan debt, your dreams for the future could be at stake!

Member’s Choice Disability and Term Life are important supplements to your current financial protection plan. This protection frees your family’s income for living expenses – helping maintain the quality of life you expect and have worked so hard for, not to mention protecting your loan collateral and credit rating.

The right amount of coverage at the right price.

Every eligible member pays the same low group rate with Allegacy’s Member’s Choice Disability and Term Life plans. Plus, you only buy enough protection to cover your loan balance. Tying your coverage directly to your loan means that you’ll have exactly the right amount of protection – no more, no less. And the premiums end once the loan is paid off. Why Payment Protection makes sense:

• Reduces or pays off your covered loan balance in the event of death, and makes payments for you in the event of disability
• Protects the lifestyle and dreams of you and your loved ones
• Protects your credit rating and the assets that secured your loan
• Offers the convenience of including protection with your loan
• Provides coverage at low group rates that are the same for every eligible borrower
• Requires no physical exams or complicated enrollment forms.

Fast and easy approval.

Enrolling in Member’s Choice Disability and/or Term Life Protection is as simple as checking a box and signing your name!* For your convenience, you can enroll during the loan process. And your premium is included in your loan payment so there’s no extra payment to make. Since the coverage is available right at Allegacy, there are no insurance agents to contact and your protection begins the moment the loan closes. Benefits Include:

• Automatic eligibility for most borrowers
• Simple enrollment
• No medical screening
• Immediate coverage
• Premium included in your loan payment.

To qualify for Disability coverage:

1) You must not have reached the maximum eligible age on the date of your loan.

2) You must be actively at work and regularly performing all the usual duties of a full-time, gainful occupation

3) Only one member may be insured for any one loan.*

To qualify for Term Life coverage:

You must not have reached the maximum eligible age on the date of your loan.

Contact us today to apply for any Allegacy loan and enroll in Disability or Term Life coverages.

*Check with us for full details of this coverage, including any exclusions and limitations. Eligibility, exclusions, benefits, and termination provisions vary according to Allegacy’s contract with CUNA Mutual, which is controlling all instances. Be sure to consult a loan officer at Allegacy for complete details.