MINNESOTA LIFE Payment Protection (Credit Insurance)
By protecting your loan, your also protecting your loan collateral, your credit rating, you lifestyle and your family from repercussions of an unpaid debt.
Credit Life Insurance
Credit Life Insurance is designed to reduce or pay off the insured loan balance up to the policy maximum in the event of death. This convenient coverage assures borrowers that their families won’t be burdened with debt.
Credit Disability Insurance
Credit Disability Insurance is designed to make the borrower's monthly loan payments up to the policy limit if the member becomes ill or totally disabled and are unable to work before the loan pays off.
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Guaranteed Asset Protection (GAP Insurance)
When a member’s vehicle is stolen or totaled in an accident, the financial results can be devastating. Guaranteed Asset Protection (GAP) can help pay the difference between the member’s insurance settlement and the outstanding loan balance – the “gap.” Not only that, but GAP Coverage also includes up to $1,000 toward your down payment of a replacement vehicle when financed at ICCU.
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For Spanish, click HERE
Mechanical Breakdown Coverage (MBI Insurance)
As your car ages and racks up the miles, it could also rack up some big repair bills. You could end up paying hundreds or even thousands of dollars for mechanical and electrical repairs on your vehicle. Mechanical Breakdown Coverage works like an extended warranty and is available for any eligible vehicle up to ten years old and with 100,000 miles or less.
Click HERE to find out more!
For Spanish, click HERE
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