Please be advised that on Sunday, June 23, 2019, from 10:00 pm to approximately 2:00 am, HCU's online banking and VRU system will be unavailable due to system upgrades. We apologize for any inconvenience.

Member’s Choice® Credit Disability and Credit Life Insurance from Holyoke Credit Union

What is Member’s Choice® Credit Disability and Credit Life Insurance?

Member’s Choice® Credit Disability and Credit Life Insurance offered through Holyoke Credit Union is a way to protect your loan . . . and your loved ones. There is no way to predict an injury, illness, or an unexpected death, but there is a way to make sure your family is provided for if the unforeseen should happen to you. Members Choice® Credit Disability and Credit Life Insurance from Holyoke Credit Union may help make your loan payment and can make life easier for you and your loved ones if an unanticipated event occurs.* 

How does it work? 

If you have a balance on your loan and become totally disabled due to a covered injury or illness, or in the event of your unexpected death, Credit Disability and Credit Life Insurance may help cover your loan payment.* By taking a few simple steps while signing your loan paperwork, you’re taking responsibility for your family’s financial future. And for your convenience, the insurance premium can be included in your monthly loan payment. 

If you change your mind once you’ve enrolled, you can cancel coverage at any time. If coverage is cancelled within the first 30 days, you will receive a full refund on the premium paid. Coverage is immediate for eligible borrowers.

Why is it valuable?

Credit Disability and Credit Life Insurance work in two different ways. The disability segment means you and your family may not have to make loan payments if you are totally disabled due to a covered injury or illness and/or the insurance may help pay your loan until you are no longer totally disabled. The life insurance portion of the program may help pay your loan in the event of your unexpected death.* By protecting yourself with Credit Disability and Credit Life Insurance, your savings, salary, and payouts from other insurance may be used for other expenses . . . giving your family financial freedom when they need it most. 

*Up to your policy maximums; per terms and conditions and exclusions on your Credit Insurance Certificate.

Enroll today.

To enroll, or to find out more about Credit Life and Credit Disability or any one of the many Holyoke Credit Union services, please call a Member Service Representative at (413) 532-7007 today.

Your purchase of MEMBER’S CHOICE® Credit Disability and Credit Life Insurance, underwritten by CMFG Life Insurance Company, is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. Certain eligibility requirements, conditions, and exclusions may apply. Please contact your loan representative, or refer to the Group Policy for a full explanation of the terms.
CDCL-934702.1-0514-0616