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Loan ProtectionInsurance works to replace the income that your family will lose if the unthinkable should happen. With the correct amount of insurance, you are making sure that the money you intend to earn in your working life will be there for your spouse or family to use. The option to include Life Insurance, Critical Illness Insurance, and Disability Coverage to your loan is available. |
Getting StartedAt Community First, we want to help you determine what type of insurance options will work best for you. To inquire about one of our loan protection options, just call or visit one of our experienced and professional Financial Service Representatives, in our Retail Sales department at any of our branch locations. Our Financial Service Representatives will be more than pleased to assist you, and answer any questions you may have. |
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When to Purchase
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Life InsuranceLife insurance coverage pays the outstanding insured amount in the event of your death. It frees your family from loan payments, saving them from years of debt and financial stress. |
Critical Illness InsuranceCritical Illness coverage pays the outstanding insured amount if you are diagnosed with cancer, suffer a heart attack or stroke. Without coverage, a serious illness could mean using your savings for loan payments. |
Disability CoverageThis type of coverage pays your insured monthly loan payment for a predefined period of time. These payments are tax-free, unlike benefits you might receive through work. With protection, you can feel confident that years of savings and building wealth are not lost during a few short months of disability. |
