Virginia Credit Union Life Insurance: A Comprehensive Guide

Virginia Credit Union offers a range of life insurance options to its members, including term life insurance and whole life insurance.

These types of insurance can provide financial protection for your loved ones in the event of your passing, helping to cover funeral expenses and outstanding debts.

The cost of Virginia Credit Union life insurance varies depending on the type of policy and the age of the member, with younger members typically paying lower premiums.

Whole life insurance policies also have a cash value component, which can be borrowed against or used to pay premiums.

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Life insurance options can be a vital part of your financial planning, and we're here to help. TruStage Life Insurance Policies are available to credit union members like you, underwritten by CMFG Life Insurance Company. These plans are designed to fit your budget, making it easier to protect the people who matter most in your life.

You can get coverage without breaking the bank, as any amount can make a difference. This is especially important for those with loved ones who depend on you financially.

If you're a credit union member over the age of 18, you can't be turned down for accidental death and dismemberment coverage. This complimentary policy is designed to help protect you and your family in case of a fatal accident or one that causes specific, catastrophic harm.

No one will ask you health questions or expect you to submit to a medical exam. As long as your premiums are paid and you remain a member of a participating credit union, your policy will not be terminated.

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Loan Protection Services can provide peace of mind for Virginia Credit Union members. With Credit Life and Credit Disability Insurance, you can ensure your loan is paid off or reduced in the event of death or disability.

Credit Life Insurance for Loans can reduce or pay off your VACU loan balance if you die due to a covered accident or illness before repaying your loan. This plan has a policy limit of up to $70,000.

Credit Involuntary Unemployment Insurance for Loans helps cover loan payments if you're laid off or involuntarily unemployed for more than 14 days. This insurance is only available when purchased with credit life and credit disability, and you must be working at least 25 hours a week at the time of election.

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These insurance options can provide financial protection and peace of mind for you and your loved ones.

Financial protection is a crucial aspect of managing your finances, and Virginia Credit Union offers several options to safeguard your loan payments.

You can protect your loan with Credit Life and Credit Disability Insurance, which may reduce or pay off your loan if you become unable to make payments due to death or disability.

Credit Disability Insurance makes payments on your loan if you become totally disabled, based on policy limits of $850 per month.

The insurance maximums for Credit Disability, Credit Life, and Credit Involuntary Unemployment are as follows:

Accidental Death & Dismemberment coverage is also available, providing complimentary protection to help you and your family in the event of a fatal accident or specific, catastrophic harm.

Accidental Death & Dismemberment Insurance is a type of coverage that's often included with membership, offering protection for you and your family in case of a fatal accident or one that causes catastrophic harm.

You won't have to answer health questions or undergo a medical exam to qualify, which is a big relief. This means you can get the coverage you need without added hassle.

As long as your premiums are paid and you remain a member of a participating credit union, your policy won't be terminated, giving you peace of mind and financial security.

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Having a safety net in place can give you peace of mind, especially when it comes to your finances. Credit Life and Credit Disability Insurance can help reduce or pay off your loan if you become unable to make payments due to death or disability.

This type of insurance can be a lifesaver, literally. If you pass away, your loan with Virginia Credit Union can be paid off or reduced, giving your loved ones one less thing to worry about.

You can choose from different types of insurance, including Credit Disability. If you become totally disabled due to illness or accident, this insurance will make payments on your loan based on policy limits.

The maximum benefit for Credit Disability is $850 per month, and the insurance balance per loan is $70,000.

If you're worried about losing your job, Credit Involuntary Unemployment Insurance can provide financial support. The maximum monthly benefit is unlimited, and you can purchase this insurance up to age 66.

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Accidental Death and Dismemberment (AD&D) coverage is also available, which can provide a payout if you have a fatal accident or one that causes specific, catastrophic harm. This type of coverage is complimentary and doesn't require health questions or a medical exam.

As long as you remain a member of a participating credit union and keep your premiums paid, your AD&D policy won't be terminated.

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Credit unions in Virginia offer a range of services to their members, including financial products and education.

They provide financial counseling and budgeting assistance to help members manage their finances effectively.

Members can access credit union services through online banking, mobile banking, and in-person visits to branches.

Credit unions also offer a variety of loans, including personal loans, auto loans, and mortgages, with competitive interest rates and terms.

These loans are designed to help members achieve their financial goals, such as buying a home or financing a car.

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Credit for Loans can provide you with peace of mind, knowing that your loved ones won't be burdened with loan payments if something happens to you.

If you die due to a covered accident or illness before repaying your loan, credit life insurance can reduce or pay off your loan balance up to the policy limit.

Having a steady income is crucial for loan repayment, but what if you lose your job? Credit involuntary unemployment insurance can help cover loan payments if you're laid off or involuntarily unemployed for more than 14 days.

To be eligible for this insurance, you must be working at least 25 hours a week and purchase it along with credit life and credit disability insurance.

Our credit union offers a range of services to help you manage your finances and achieve your goals.

We have partnerships with multiple major insurance carriers, allowing us to find you the best coverage at the best possible price. This means you can get the protection you need without breaking the bank.

Our experienced agents work hard to provide you with affordable coverage and bring you peace of mind. They'll do the rate shopping for you, so you don't have to.

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Credit Rates can be a bit confusing, but let's break it down. Credit Insurance Rates vary depending on the type of coverage you choose.

Credit Life Insurance costs $0.059 per $100 for a single rate policy. Joint rate policies cost $0.097 per $100.

Credit Disability Insurance is a bit pricier, costing $0.98 per $1,000 for a single rate policy, and $1.62 per $1,000 for a joint rate policy.

Credit Involuntary Unemployment Insurance also has different rates, costing $0.063 per $100 for a single rate policy, and $0.102 per $100 for a joint rate policy.

Here's a summary of the rates: