Why credit unions payment protection insurance is better than the competition?
• More value. • Coverage begins right away for qualified borrowers. • Benefits are payable in addition to other coverage. • You pay for only the amount of coverage you need to cover your loan balance. • Benefit payout ratio is nearly 50% higher than the industry average. • Easy to purchase. • Enrollment is a convenient part of the loan process. • No medical exam is required. • No long application forms to fill out. • Reasonably priced. • Coverage costs just pennies a day. • Rate doesn’t vary by age, gender, or health habits. • Same rate is charged to all members in your credit union. • Group policies allow your credit union to offer even lower rates.
