Credit Life & Disability Insurance

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What are some things you buy each month to treat yourself every so often? Maybe a coffee from the drive on Fridays, a quick burger for lunch with a friend, or even an after work beer. In the moment it may not seem as though these items cost that much, but over time, they sure do add up. So what if we were to skip one or two of these things once each month, what would you put that extra money toward? If I were to tell you that setting aside $1-$15 per month could get you Credit Life & Disability Insurance on a loan would you believe me? WELL YOU CAN! I know once you read the word insurance, your nose instantly turned up, but I promise this is worth reading! We all hope and pray that nothing will happen to us or any of our family members. But the truth is something might, and we need to be as prepared as possible. Let’s pretend your family just purchased a new vehicle and financed it through HCCU, I want to show you what the difference in payment looks like with and without the coverage.

	Without Coverage	With Coverage
Loan Amount	$15,000	$15,000
Interest Rate	3.99%	3.99%
Term	48 Months	48 Months
Monthly Payment	$315.06	$319.78

WAIT! Do you see that??? That’s only a $4.72 dollar difference! Over the life of the loan that only adds up to $226.56! I’m not sure what you’re thinking, but I think that’s SO worth it! I know we don’t like to think about it, but we have to. Make sure you’re prepared for the worst, and add credit life and disability to your loan today!

Post by: Emily P.

Your CU does a lot more than you might think!

Did you know that, in partnership with TruStage, HCCU now offers Children’s Whole Life Insurance,  providing parents or grandparents with an opportunity to protect the children they love for coverage amounts of up to $50,000?  Children's Whole Life coverage provides lifelong protection options for children at childhood rates, and features a guaranteed insurability rider which gives the child the opportunity to add additional coverage once they reach adulthood.  Or maybe you don't have any kiddos in your life, but you want to purchase insurance for yourself.  TruStage also recently launched an Essential Whole Life product, with affordable coverage options up to $250,000.  TruStage Essential Whole Life helps our members better protect their families’ financial security.  

And we know you've been hearing about health insurance a lot lately!  If you're currently without insurance, HCCU & TruStage have options for that as well!  With less than two months left in the open enrollment period, there’s still time to enroll in TruStage Health Insurance. There is a really easy-to-use online application and it is backed by TruStage's expert guidance via phone.

TruStage is an insurance partner that brings valuable services to our HCCU members.  TruStage offers investment services, home, auto and life insurance, as well as many other great products!    Take full advantage of your credit union membership and all the added perks that come along with it!  For full details or to apply for coverage, visit http://horizonccu.com/general.php and click on the TruStage banner.