Life & Disability
Help Protect Your Loan---At a Rate You Can Afford
Who will make your loan payment if you can't? That's a worry you won't have to face with Payment Protection/Credit Insurance. If you die or become disabled due to a covered illness or accident, your loan may be reduced or paid off.
No physical exam is required to qualify. A few simple health questions may be required
and the group rates are affordable typically less than individual coverage!
Don't worry about additional bills to pay; your premium will be included in your monthly
With Payment Protection, you can rest easy knowing your benefits may be paid in
addition to any other insurance or company protection you may have.
Protect your loan every time you borrow. Some limitations and
exclusions may apply. For details about coverage and costs see your credit union
Payment Protection is credit life and disability insurance and is underwritten by Transamerica Life Insurance Company. This is available to credit union members only through Chessie Federal Credit Union (Credit Union Home Office-Cumberland, Maryland). Exclusions, limitations and terms of availability apply to this coverage. For cost and complete details, contact your loan officer.
Protect your investment with Guaranteed Auto Protection
GAP, or Guaranteed Auto Protection, is a non-insurance product which protects your financial liability when financing a new or used vehicle.
What Does GAP Cover?
GAP covers new and used automobiles and goes into effect when your vehicle is stolen and isn't recovered, or is totaled in an accident and can't be repaired.
GAP covers the difference between your primary carrier's insurance settlement and the amount of your loan, less delinquent payments, late charges, refundable service warranty contracts, and other insurance related charges. Included in this difference is your insurance deductible.
Ask about GAP with your next auto loan application.