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Credit Life and Credit Disability
Spartanburg Regional Federal Credit Union offers low-cost credit life and disability. This insurance protects members and their families in the case of death or disability. Among today's Baby Boomers, 40 percent are likely to face a disability lasting three months or longer before they reach the age of 65.
Credit life and disability plans offered by credit unions are the best in the industry. The Consumer Federation of America, a nonprofit, pro-consumer group, encourages the consumer to ONLY purchase credit life and disability form credit unions.
Benefits: With credit life, a member's loan will be paid-off in the event of death. By purchasing this protection, members will remove the burden and obligation of unpaid loans from their family or survivors.
With credit disability, if a member becomes disabled he/she is protected from losing any collateral placed against a loan. All loan payments will be made by the insurance company until the member.
Guaranteed Asset Protection (GAP)
Guaranteed Asset Protection (GAP) pays the difference between your automobile insurance company’s settlement and the remaining loan amount (directly related to the automobile purchase) in the event your vehicle is stolen or damaged beyond repair. Click here now to see if GAP Protection is right for you.
Automotive Premium Value Protection
Automotive Protections is available on both new and pre-owned vehicles and provides extra security with 24-hour roadside assistance and rental vehicle assistance. It also includes tire road hazard protection and trip interruption for the term of your coverage.
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