Loan Protection

Advance Protector Insurance

Advance Protector with CREDIT DISABILITY. 

Even though all the money in the world can’t make up for the loss of a loved one, it can make a difficult situation easier. 

CUNA Caribbean Insurance Society Limited (CUNA Caribbean) Advance Protector Insurance helps to reduce the debt a member’s family will have to assume at the time of his death or if a member becomes totally and permanently disabled or temporarily disabled. 

Under the Advance Protector, the insurance pays the loan balance, up to the policy stated maximum, if a member becomes totally or permanently disabled or the member or a joint insured passes away before the loan is paid off. 

Benefits & Special Features of Advance Protector:
  • Advance Protector offers both single and joint insurance coverages.
  • ‌Total and Permanent Disability Insurance is included at no additional cost.
  • If a member becomes totally or permanently disabled or the member or a joint insured passes away, we will pay off the principal balance of that member’s loan up to the maximum of $1,000,000.
  • Advance Protector covers personal loans, auto loans and personal credit lines.
  • Premium is added to the member’s monthly loan payment but the credit union is required to pay the premiums to us.
  • Maximum age for a member to apply for Advance Protector Life Insurance is 75 years and minimum age is 18 years.
  • Maximum age for payment of the total and permanent disability is 60 years.
  • Temporary Credit Disability is also offered as a rider to the product.

The information provided above is only a brief description of the insurance coverage. 

If you are not yet an owner of Advance Protector, then don’t hesitate. Get in touch with us Today to secure your loans. 

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