Loan Insurance

Insurance Services by Cuna Mutual Group®

Credit Life Insurance

Credit life insurance provides security and peace of mind for borrowing members.  In the event of tragedy, Cuna Mutual Group credit life insurance programs either makes a lump sum payment to Beacon on a member's behalf or repays the balance of the loan.

  • Individual or joint life insurance on personal loans (term or demand) up to $40,000.00 per member at competitive group rates.
  • Available to qualifying members 18 to 70 years of age.
  • Conventional mortgage real estate loans and lines of credit are excluded.
  • Simple enrollment process.
  • Small business loans can also be covered on the single and joint life policies.
  • Maximum term of coverage: 120 months.

Credit Disability Insurance

Disability insurance provides qualifying members with the security in knowing that if they are unable to make their payments due to illness or accident, the payments will be made for them.

  • Maximum monthly benefit: $600.
  • Maximum term of coverage: 120 months.  
  • Available to qualifying members 18 to 66 years of age.
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