Carolina Postal Credit Union
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CREDIT DISABILITY INSURANCE  (CDI)
In the event you become sick, injured and unable to work, this insurance will begin making your monthly loan payments until you either return to work or the loan is paid off. You pay only a nominal cost for this insurance and the premium is added to your loan balance monthly. Our Credit Disability Insurance has a maximum coverage up to $75,000/$1,100 max monthly benefit.
 
Credit Life Insurance (CLI)
For our borrowers, we also provide Credit Life Insurance. This insurance pays off your outstanding loans at CPCU in the event of your death. This can bring a little peace of mind for you and your family. These are just a few of the benefits of Credit Life Insurance:
  • Insured loan balance is paid, up to the policy maximum, in the event of death 
  • Protects the member's family from financial burdens after the member's death
  • Protects the family's collateral and credit rating and frees up other benefits
  • Insurance premium is included in the loan payment
  • Simple, convenient enrollment...no health questions are asked 
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    ACCIDENTAL DEATH AND DISMEMBERMENT INSURANCE (AD&D)
    AD&D can supplement a member's life insurance coverage with a benefit paid upon accidental death or accidental injury to a limb or to a member's sight or hearing.
     
    Guaranteed Auto Protection Insurance (GAP)
    Unfortunately, things don't always go according to plan. If your vehicle is stolen, accidentally damaged beyond repair or otherwise declared an insured total loss, auto insurance will cover the replacement value. However, you the member, remain liable for the remaining loan balance the insurance settlement did not cover.

    Our GAP insurance is an affordable way to fill that gap. For just a few dollars per month, your can protect yourself against this kind of unexpected expense. 

    For more information about any of the insurance products listed above, please speak with an Account Manager at one of our branches.

     
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