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Protect

Life doesn't always go the way we want. That's why good insurance and financial protection are an important part of your overall financial plan. CoVantage can make sure you and your family have the protection you need.

The best policy? Making sure your finances are protected.

Insurance and other forms of debt protection are part of a solid financial plan. When something goes wrong, a good policy and financial strategy ensures monetary relief when you and your family really need it. At CoVantage, we partner with TruStage™ to offer top-tier coverage to our members in at prices designed to be affordable

Debt Protection

Life can take some unexpected turns. That's why CoVantage offers you Debt Protection that protects your loan balance or loan payments against the unexpected, protecting your family and your finances.

  • Involuntary Unemployment
  • Disability
  • Death
In the Event of... Death Disability Involuntary Unemployment
What Happens Protected borrower passes away. A covered disability occurs due to injury or illness.  A covered job loss occurs. 
It Cancels This... (up to the contract maximums) Your payments or loan balance.  Your loan payments. Your loan payments.
You May Be Eligible If You... Have an eligible loan.  Are a permanent employee who is actively working.* Are a permanent employee who is actively working.*

 

Debt Protection Life Plus

For additional protections, Life Plus can extend your Debt Protection to address a wide range of circumstances, giving you the reassurance of knowing you’ve taken steps to help secure your finances.

  • Accidental dismemberment  
  • Terminal illness  
  • Hospitalization or family medical leave  
  • Death of a non-protected dependent  

GAP Plus 

Protection for your loan and your finances. Don’t let a total loss become a financial loss, ask about GAP when you apply for your loan.

Accidental Death & Dismemberment Insurance

Accidental Death & Dismemberment (AD&D) Insurance pays a cash benefit in the event of a covered accidental death or if an accident causes specific permanent injuries.

  • Guaranteed acceptance
  • Coverage available at a cost-effective, monthly rate
  • Cash payout is often not subject to income-tax

Insurance

With TruStage, you have a variety of options available to you.

  • Full range of coverage, including life insurance and homeowners' policies
  • Low premiums
  • Convenient claims service

Verify Insurance 

Were you requested to send us proof that you have insurance for your car or home? Verify your insurance today!

 

 

 

Dive deeper with our Blog!

Browse through a variety of financial tips, product articles, current events, and news from CoVantage Credit Union.

TruStage™ Insurance products and programs are issued by CMFG Life Insurance Company, MEMBERS Life Insurance Company and other leading insurance companies. The insurance offered is not a deposit and is not federally insured, sold, or guaranteed by any financial institution. Product and features may vary and not be available in all states. All guarantees are based on the claims-paying ability of the insurer. Corporate Headquarters 5910 Mineral Point Road, Madison, WI 53705

TruStage™ Accidental Death and Dismemberment Insurance is issued by CMFG Life Insurance Company. The insurance offered is not a deposit and is not federally insured, sold, or guaranteed by any financial institution. Product and features may vary and not be available in all states. Corporate Headquarters 5910 Mineral Point Road, Madison, WI 53705 Base Policy Form Numbers: E10a-014-2012, 2018-ADD-POL-LSCU, 2018-ADD-POL-NC(WA), 2018-ADD-POL-IND(WA), 2018-ADD-POL(ID), 2018-ADD-POL, 2018-ADD-POL(OR) 
Your credit union enables this insurance program to be offered and is entitled to compensation from TruStage Insurance Agency, LLC.

Debt Protection 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 contract for a full explanation of the terms.  You will receive the contract before you are required to pay for Debt Protection. You may cancel the protection at any time. If you cancel protection within 30 days you will receive a full refund of any fee paid.

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. 

DP, GAP, ADI, GEN-6902490.2-0824-0926