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CreditSafe
Now you don't have to lay awake at night worrying about what will happen if the unexpected strikes. CreditSafe* cancels your eligible loan balance, up to $100,000, should you pass away before paying off your loan. In addition, if you become disabled due to a covered illness or injury or you are involuntarily unemployed, CreditSafe can cancel** your monthly loan payment, up to the agreement maximum.
With CreditSafe, you pay group rates and only buy enough protection to cover your loan balance, making payments truly affordable.
Other benefits include:
- Protects your credit rating
- Automatic eligibility for most borrowers
- Simple enrollment
- No medical screening
- Immediate coverage
- Convenient - cost is included in your loan payment
*CreditSafe is a voluntary debt cancellation product available through Credit Union of Georgia. Contact Credit Union of Georgia for product information or to receive a member agreement with complete coverage details. **Payment cancellation means that if you're disabled or involuntarily unemployed, your loan payments for both principal and interest are cancelled, up to the agreement maximum.
CreditSafe Protection Plans Available
| Consumer Loan Protection |
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Protects the first two borrowers named on the loan for the same group rate.
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Protection can include life, disability and involuntary unemployment.
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Cancels your loan balance up to $100,000 in the event of death before your 70th birthday.
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Provides up to twelve months or $12,000 of disability protection up to the age of 70.
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Cancels your loan payments for up to six months or $3,000 if involuntarily unemployed up to the age of 70.
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| Home Equity Protection |
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Protects the first two borrowers named on the loan for the same group rate.
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Protection can include life, disability and involuntary unemployment.
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Cancels your loan balance up to $100,000 in the event of death before your 70th birthday.
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Provides up to twelve months or $12,000 of disability protection up to the age of 70.
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Cancels your loan payments for up to six months or $3,000 if involuntarily unemployed up to the age of 70.
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| Credit Card Protection |
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Protects the first two borrowers named on the loan for the same group rate.
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Protection can include life, disability and involuntary unemployment.
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Cancels your credit card balance up to $100,000 in the event of death before your 70th birthday.
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Provides up to twelve months or $12,000 of disability protection up to the age of 70.
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Cancels your credit card payments for up to six months or $3,000 if involuntarily unemployed up to the age of 70.
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CreditSafe can help safeguard your family from a financial nightmare.
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