Credit Life Insurance

| Credit Life Insurance | Credit Disability Insurance | GAP Insurance | Extended Warranty Insurance |

A benefit for you

Life is unpredictable. Protect yourself, your family, and your income from unexpected life events that can create financial hardships. With the GMFCU Credit Insurance program, your loan balance or your monthly loan payment could be made without penalty or added interest in the event of your death or disability. You trust us with your loan; now trust us to protect it with Credit Insurance. Credit Insurance protects your family’s financial security – knowing your loan will not become a burden to you or your loved ones in times of hardship.

Credit Life Insurance

At a time when your family has enough to worry about, the burden of worrying about repayment of a loan should not be added. Let Credit life insurance take that burden away by reducing or paying off your loan up to a maximum of $000,000 if you die.

Credit Disability Insurance

Let Credit disability insurance help you avoid the stress of bills piling up when you become sick or injured and are unable to work. Use the disability coverage you may have at work to pay for your essential living expenses; and let Credit disability Insurance make your monthly loan payments up to a maximum of $000 per month if you become ill or disabled and are unable to work.

  • Cancel at any time
    You may cancel Credit Insurance at any time by sending in a written request to do so. If you do so within the first 30 days, we will refund any premiums paid. For more information or to see if your loan is eligible for optional Credit Insurance, call a Member Service Representative at 336.373.2090.
  • Disclosures
    Credit Insurance is not a deposit or obligation of, or guaranteed by GMFCU. Credit Insurance is not guaranteed by an agency of the federal government. Your credit approval cannot be conditioned on whether you purchase Credit Insurance. There are eligibility requirements, conditions, and exclusions that could prevent you from receiving Credit Insurance benefits. You should carefully read your Credit Insurance certificate for a full explanation of the terms and conditions of the Credit Insurance program.

Guaranteed Asset Protection (GAP)

GAP provides protection to you if your vehicle is totaled or stolen and never recovered,
and there is a difference in your remaining loan balance and what the insurance company
will pay; GAP will cover the loss.

Member Benefits:

  • GAP Advantage: Additional $1,000 toward the purchase price of
    a replacement vehicle if financed through GMFCU
  • Includes ADR at no additional cost (see details below)
  • Our GAP is generally priced below similar protection sold by
    automobile dealerships
  • You may conveniently add GAP to your GMFCU loan

Be sure to add GAP coverage when you apply for your GMFCU vehicle loan online or call and talk to Loan Services: 336.373.2090 option 3

Extended Warranty

Save money and have peace of mind by purchasing an extended warranty from GMFCU on your next new or used vehicle or motorcycle. Mechanical breakdown coverage may even cover some things the factory warranty doesn’t. The program offers a $0 deductible option and there is no limit on claims. Repairs can be completed at any licensed repair facility in the United States or Canada.

  • No Deductible
  • Nationwide coverage
  • 24 hour roadside assistance
  • Vehicle rental assistance
  • Transferable
  • 60 day Money-Back Guarantee
  • Also available for Motorcycles

For more information on any of these insurance products, please call Loan Services 336.373.2090 x4.