Loan Insurance

By partnering with TruStage™, we are able to offer a variety of affordable insurance products to meet your needs.

We plan our futures and make decisions based on what we know. We also know that life is filled with many unknowns such as unforeseen accidents or illnesses that can be made even worse by the resulting financial burdens.

For your peace of mind, Breakwater FCU is pleased to offer you important and valuable insurance options which protect you, your loved ones, and your credit rating.

Credit Disability & Credit Life Insurance

Coverage for your family’s loan payments. 

Your loved ones come first, but if something were to happen to you, paying your debts could make a hard situation even tougher. Credit Disability and Credit Life Insurance could make your loan payments in the event of a covered disability or death. It’s coverage that could help a tough situation from getting worse.

Financial coverage designed to fit your needs:
• No medical exam required to apply
• Customizable options for your needs and budget
• Premium included in your loan payment
• Allows you to cancel at any time
• Will not impact your loan terms or approval

Disclosure:
Credit Life and Credit Disability Insurance, underwritten by CMFG Life Insurance Company (Home Office: Waverly, IA), is optional to purchase 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. Base Policy Nos. CI-MP-POL, CI-SP-POL, B3a-830-0996, B3a-800-0695, B3a-800-0288, CI-MP-CE-POL; CI-MP-OE-CC-POL; CI-MP-OE-POL; B3a-800-0992.

© TruStage
CDCL-3415605.2-0224-0326

Guaranteed Asset Protection (GAP) 

Essential protection for your vehicle loan – and your finances.

If your vehicle is deemed a total loss due to an accident or theft, there can be a significant gap between what you owe on your loan and what your auto insurance will cover. GAP may help make up the difference.

Disclosure:
GAP is not insurance; it is an optional debt cancellation product. GAP will not affect your application for credit or the terms of any credit agreement you have with us. Certain eligibility requirements, conditions and exclusions may apply. You will receive the contract before you are required to pay for GAP. You should carefully read the contract for a full explanation of the terms. If you choose GAP, adding the GAP Fee to the amount financed under your contract will increase the cost of GAP. You may cancel GAP at any time. If you cancel GAP within 90 days you will receive a full refund of any fee paid. GAP purchased from state–chartered credit unions in FL, GA, IA, IN, UT, VT, and WI may be with or without a refund provision. Prices of the refundable and non–refundable products are likely to differ. If you purchase a refundable product, you may cancel at any time during the loan and receive a refund of the unearned fee. GAP purchased from state–chartered credit unions in CO, MO or SC may be canceled at any time during the loan and receive a refund of the unearned fee.

© TruStage
GAP–3415621.3–0124–0226