Phone: (845) 774-0831    Fax: (845) 774-0835    Email: info@orutilfcu.org

Credit Life

Benefits:

  • Low cost.
  • Relieves the burden of financial responsibility to surviving family members.
  • Provides coverage at home, at work and at play.
  • Credit Life Insurance Protection can provide you with peace of mind.

Features:

  • No physical exam is required; coverage is automatically in effect when you get your loan.
  • Credit Life Insurance Protection covers the insurable balance of credit union consumer loans up to a total of $50,000 for death before age 70.
  • Monthly premium is added to your loan balance at the end of every month.

Credit Disability

Benefits:

  • Low premiums save you money.
  • Finance charges are saved by not having to add the cost of insurance to your loan up front.
  • Reduces the financial burden to you and your family.
  • Provides coverage at home, at work, and at play.
  • Helps protect your income, your collateral, and your credit rating.
  • Credit Disability Protection Insurance can provide you with peace of mind.

Features:

  • No physical exam is required; coverage is automatically in effect when you get your loan. (Does not cover pre-existing conditions.) Must work minimum of 25 hours /week
  • Credit Disability Protection Insurance covers the insurable balance of credit union loans and lines up to a total of $30,000 in benefits paid or to the age of 66.
  • Monthly premium is added to your loan balance at the end of every month.

GAP Insurance (Guaranteed Asset Protection)

Benefits:

  • Affordable low premiums save you money-pay one time or add to loan principal.
  • Reduces the financial burden to you and your family.
  • Helps protect your income, your collateral, and your credit rating.
  • GAP Insurance Protection Insurance can provide you with peace of mind.
  • Helps avoid paying for a vehicle that you no longer have

Features:

  • Provided coverage includes if vehicle is totaled or stolen.
  • GAP helps eliminate any remaining loan balance if your car is totaled and your insurance settlement is less than what you owe.

Please see the GAP Waiver addendum for term and conditions.

AD&D (Accidental Death & Dismemberment)

Benefits:

  • Help reduce the financial burden to you and your family.
  • No physicals or health questions required.
  • Provide peace of mind.

Features:

  • All members are automatically eligible for $3,000 of AD&D insurance at no cost.
  • Additional coverage options are available at a low cost.
  • Coverage is through American General/NBFSA. 1-877-815-4685