Payment Protection Credit Insurance can help ease financial concerns for you and your family if the unexpected occurs.  If you were to die or become disabled, how long would you and your family be able to pay your bills?

• 35% of households would experience adverse financial effects within a month if the primary wage earner died. – LIMRA, 2018 Insurance Barometer

• 69% of Americans have less than $1,000 in savings. That will disappear quickly if you’re unable to work due to illness or injury. – Council for Disability Awareness, Paycheck Protection for Millenials 2016

• 1 in 4 20 year-olds can expect to miss a year of work due to a disability before retirement. – Council for Disability Awareness, Disability Statics, 2018

For more information about Payment Protection Credit Insurance, ask a loan officer.

Credit Life Insurance – Designed to reduce or pay off the insured balance of your loan if you die.

Credit Disability Insurance – Designed to pay your loan payments (up to the contract limit) if you become disabled due to illness or injury and are unable to work.

Benefits to You:

Protection:  Helps reduce the financial burden on your family in the event of your disability or death.

Convenience: Done at the time of loan application.

Eligibility: Available up to the age of 65 and even up to 70 in some states. Also, a medical exam is usually not required, although, general health questions may be asked.

No obligation for 30 days! 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 paid will be refunded.

Disclosures: 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.

Insurance products are issued by Minnesota Life Insurance in all states except New York. In New York, products are issued by Securian Life Insurance Company, a New York authorized insurer. Minnesota Life is not an authorized insurer in New York and does not do business in New York. Both companies are headquartered in St. Paul, MN. Product availability and features may vary by state. Each insurer is solely responsible for the financial obligations under the policies or contracts it issues.

Exclusions: 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. 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 debtors coverage under this policy.

Note: Some exclusions are not in force in every state or may vary due to state-specific requirements. Verify state-specific exclusions or requirements.