Credit Life and Credit Disability Insurance

Credit Life and Credit Disability Insurance

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Credit life and disability insurance can help relieve the financial pressure in the event of disability or death. Member's Choice credit disability and credit life insurance on Rogue loans, can help protect your loan balances or monthly loan payments and help lessen the impact on your family and your credit rating during an unforeseen protected event.

Here are some answers to members frequently asked questions:

Doesn’t my Workers Compensation (or ordinary employee disability insurance) cover my expenses?

Disability plans through the employer typically only pay a percentage of the gross monthly income and are designed to help cover the bare bone expenses. These work plans may not be sufficient to also help you make loan payments.

Won’t my sick leave through my employer take care of my expenses?

Many sick leave plans are for a limited period of time – often just 30 days. This means that credit disability insurance would begin just when you need it most.

What about my other life insurance coverage? Isn’t that enough?

You have made a sound financial decision to purchase insurance to replace your income and protect your family from specific risks. With this new debit obligation that you may not have previously planned for, Member's Choice Credit Life insurance is designed to pay your insured loan balance in the event of your death.

We have two incomes; isn’t that enough to carry us through an illness or injury?

Your family’s current standard of living is based on two incomes. If one income is reduced or stopped, what impact would that have on your standard of living? Could there be financial difficulties if one income is stopped or reduced? Member's Choice Credit Disability Insurance helps supplement your reduced or lost income.

I won’t get sick; why should I consider credit disability insurance?

It’s great to be healthy today, however we can’t predict the future. Have you ever considered or planned for what you would do in the event of an illness or injury that may prevent you from working for a period of time? It’s better have credit disability insurance on your loans and to have to use it versus not having coverage and wishing you had it.

How will Credit Disability and Credit Life Insurance work with my other coverages?

Member's Choice Credit Disability and Credit Insurance is designed specifically to cover your debt obligations and keep it current. This allows your other insurance to be used to cover other needs and expenses.

How do I know if I can afford it?

Without Member's Choice Credit Life Insurance on your loan, how long will you be able to afford to make these loan payments in the event you become sick or injured and are unable to work for a period of time? Please contact your Member Service Representative for details.

I have good employee benefits; why should I consider credit disability and credit life insurance on top of what I already have?

These employer benefits may not be sufficient enough to meet all of your financial obligations. Member's Choice Credit Disability and Credit Life Insurance is designed specifically to help you meet your debt obligations to the credit union and may help supplement your coverage through work.

Insurance is complicated; what do I do to get this coverage?

As a service to our members, we have tried to simplify the process for you by making this group coverage available. There is no need for you to go to another company to enroll for this coverage. We will handle these matters for you. We have also simplified the process by making it a part of the loan processing, in order to make this coverage simple and quick to obtain.


Your purchase of MEMBER’S CHOICE® Credit Life and Credit Disability Insurance, underwritten by CMFG Life Insurance Company is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan.  Certain eligibility requirements, conditions, and exclusions may apply.  Please contact your Member Service Representative, or refer to the Group Policy for a full explanation of the terms.


Routing # 323274775

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