Download Credit Life and Disability Insurance

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Transcript
Credit Life and Disability Insurance
Credit insurance does more than pay off your loans—it also gives you peace of mind. It relieves your
family—and your credit history—of the burden of an unpaid debt.
Your Benefits:
-The insurance company offers you a variety of insurance benefits to protect you and your family.
-They pay directly to Waumandee State Bank.
-Benefits are not taxable.
-In the event you pay off your loan early, your unearned insurance premium will be refunded or
credited to your loan.
Disability Coverage:
-The insurance company pays benefits when you are totally disabled due to a covered illness or injury.
-The insurance company pays benefits even if you are at home under a doctor’s care. Hospitalization
is not required.
-The insurance company continues benefits until your doctor releases you from your total disability or
you return to work.
Life Coverage:
-Credit life plans pay off or reduce the loan in the event of death due to a covered illness or injury.
If you should die or become disabled, the financial commitment you made on your loan still remains.
Let credit life and disability coverage help fulfill that commitment.
Please contact any of our loan officers to learn more.
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The Product is NOT A DEPOSIT ACCOUNT OR OTHER OBLIGATION of any depository
institution or any affiliate of any depository institution.
The Product is NOT GUARANTEED OR INSURED by any depository institution or any affiliate
of any depository institution.
The Product is NOT INSURED by the Federal Deposit Insurance Corporation (FDIC).
The Product, except in the case of Federal Flood Insurance or Federal Crop Insurance, is NOT
INSURED by any federal government agency.