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Insurance

Added protection from a name you trust.

We never forget that our success depends on the success – and protection – of our members. That's why, in addition to great products and services, we offer several types of insurance through trusted partners to help you when you need it most.

 

Term Life Insurance


Easy application, invaluable coverage.

Contact Christine Stern in the Financial Services Group for more information about Term Life Insurance options.

 

Debt Protection


Safeguard your loan in times of uncertainty.

You may worry about unexpected, real-life events that could leave you scrambling to pay your monthly bills. With Debt Protection, your loan balance or monthly loan payments will be cancelled without penalty or added interest. You benefit from the peace of mind knowing you and your credit rating are protected.

Definitions of Coverage

DEATH -- Give your family time to get back on their feet financially. Consumer Loans -- Cancels the remaining loan balance as of date of death up to a maximum of $75,000. Real Estate Loans -- Cancels up to six monthly payments with a maximum cancellation of $1,500.

DISABILITY -- Help avoid bills piling up as you try to regain your health and earning capacity. Use this benefit as a supplement to any disability coverage you may have at work (which usually only covers 60 percent of pay). Consumer Loans -- Cancels up to six monthly payments (up to $1,000/month with a maximum aggregate benefit of $15,000 over the term of the loan per borrower). Real Estate Loans -- Cancels up to six monthly payments (up to $1,500/month with a maximum aggregate benefit of $18,000 over the term of the loan per borrower).

INVOLUNTARY UNEMPLOYMENT -- Ensure that one of your major monthly expenses will be taken care of as you search for new employment. Consumer Loans -- Cancels up to three payments (up to $1,000/month with a maximum aggregate benefit of $15,000 over the term of the loan per borrower). Real Estate Loans -- Cancels up to three payments (up to $1,500/month with a maximum aggregate benefit of $18,000 over the term of the loan per borrower).

Please consult with our Loan Department to discuss our Debt Protection program in more detail.

 

Mechanical Breakdown Protection


Like having a valet in the glove compartment.

Your vehicle is a major investment, which is why purchasing Mechanical Breakdown Protection (MBP) is a wise choice. MBP can help ensure that the investment in your vehicle is protected, and reduces the possibility of out-of-pocket expenses when your vehicle suffers an unexpected mechanical failure. Most important of all, Mechanical Breakdown Protection provides Peace of Mind so you can experience worry-free driving!

Learn more about Mechanical Breakdown Protection

 

Guaranteed Asset Protection


Guaranteed asset protection when you need it most.

If you are financing or leasing a vehicle, do you know that if it's totaled or stolen, you could face a financial risk that your auto insurance policy may not cover? Guaranteed Asset Protection (GAP) coverage protects you against this risk!

In the event of theft or total loss of your vehicle, most insurance companies only pay the cash value of the vehicle at the time of the loss, but your remaining loan balance could be much greater than the cash value of your vehicle creating a deficiency of several thousand dollars that you're liable for!

The GAP Advantage gives you further peace of mind. If the vehicle you are now purchasing ever becomes 'totaled', or is stolen and not recovered, GAP Advantage pays an additional $1,000 toward the purchase or lease of a replacement vehicle. Not only will you receive the difference between the value of your vehicle and its unpaid loan or lease balance, you also get a head start on financing or leasing a new or used replacement vehicle when you refinance or lease through the same financial institution.

Learn more about Guaranteed Asset Protection

AFTRA-SAG Federal Credit Union and its Financial Services Group - CA Insurance License No. 0D60483. AFTRA-SAG Federal Credit Union is not an insurance company nor the issuer or insurer on or of any insurance product. Insurance products and their information made available as a service by the Credit Union are intended to inform and bring members together with select outside third party vendors to obtain products and services to meet their financial needs. AFTRA-SAG Federal Credit Union does not own or operate any insurance company or agency of which insurance products and/or services are made available and is not responsible for the adequacy or performance of insurance products or the companies themselves.