Credit Protection

Credit insurance can help ease financial concerns for you and your family if the unexpected occurs by helping to meet the gap between the coverage you need and any life or disability insurance you may have.

Credit Life Insurance

Designed to reduce or pay off the insured balance of your loan if you pass away. Credit Life Insurance will pay up to $30,000 on the covered member. Joint coverage is available.

Credit Life Disability

Designed to pay your loan payments if you become disabled due to illness or injury and are unable to work for 14 days or more. Maximum monthly benefit is $1000. Joint coverage available. 

How you could benefit:

  • Protection: Helps reduce the financial burden on your family in the event of your disability or death.
  • Convenience: Done at the time of the loan application.
  • Eligibility: Available up to the age of 65. Also, a medical exam is usually not required, but general health questions may be asked. 

Credit Life Insurance is a no obligation product. You have 30 days to review the plan and make sure it lives up to your expectations. During this period, you can cancel the coverage without obligation and any premiums will be refunded. 


This information is intended to serve as a general guide to Credit Insurance coverage. Depending upon your state of residence, Credit Life Insurance may not cover suicide that occurs within six,12 or 24 months of enrolling in the plan (in Idaho, within six months). Also, in some states, Credit Life Insurance may not cover pre-existing medical conditions.

Depending upon your state of residence, Credit Disability Insurance benefits may not be provided if illness or injury is the result of one or more of the following: (1) self-inflicted, (2) normal pregnancy, (3) war-related injury, or (4) illness, or medical conditions for which the insured debtor received or had medical treatment, advice or diagnostic tests either for that same condition or a related condition within the six month period immediately prior to the effective date of his or her insurance under this policy and which results in total disability commencing within six months after the effective date of the insured debtor's coverage under this policy.


Payment Protection Credit Insurance is not a deposit or obligation of or guaranteed by your financial institution or its Affiliates. Payment Protection is not insured or guaranteed by an agency of the federal government. Your credit approval cannot be conditioned on whether you purchase Credit Insurance. You may obtain insurance to protect your loan from an entity not affiliated with your financial institution.

This advertises the following Group Credit Insurance Policy Forms: Minnesota Life MHC-XX-4000 series and XX-60000 series, and Securian Life XX-60000 series, as well as any applicable state variations.