Payment Protection

Payment protection is just that.. protection for your loan payments when you become disabled or payment of your entire loan balance if you become deceased during the term of the loan.

Payment protection is Credit Disability and Credit Life insurance on your outstanding loan balances and is underwritten by CUNA Mutual Group, CUNA Mutual Insurance Society, P. O. Box 391, 5910 Mineral Point Road, Madison, WI 53701.

It is available to Credit Union members only through Delaware Alliance Federal Credit Union Group Policy #007-0054-6. Exclusions, limitations and terms of availability apply to this coverage. You are eligible for credit insurance if you are not older than the age for insurance eligibility on the loan date

Your coverage is based on the election made on your enrollment form completed at the time you made application for your loan, and our approval of such election, if applicable.

Monthly cost per $100 of your insured loan balance:

Single Credit Disability $.254
Joint Credit Disability $.381
Single Credit Life $.065
Joint Credit Life $.104