Planning for the unknown is key to your peace of mind!
Financial security is essential, and there is no price too high for ensuring your peace of mind — and that of your loved ones. Rest easy: when you borrow money from First United CU, you can protect you and your family with our affordable payment protection plans.
This protects you and your family if a covered life event unexpectedly happens. It will protect your family’s way of life (and standard of living) and ensure loved ones won’t inherit your debt or loan payments should you die or become disabled.
- Loss of life, including those caused by acts of war
- Disability, including those caused by acts of war
- Involuntary unemployment
Guaranteed Asset Protection (GAP)
Add this valuable coverage to any auto loan at the loan closing. It offers protection by paying off your loan balance if your car is stolen, accidentally damaged beyond repair, or declared a total loss.
Why does it make sense?
Auto insurance covers only the car’s replacement value; however, there may be a “gap” between your loan balance and the final insurance payout. Unfortunately, this gap can amount to hundreds or even thousands of dollars. GAP coverage will make sure any remaining loan balance is paid in full.
Auto repairs never go away, and ironically, they often occur after the manufacturer’s warranty has expired. Borrowers are also keeping their cars longer, adding to repair costs. Our extended warranty will protect you from expensive car repairs. The coverage is also transferable and could increase your car’s value if you sell.
Added Peace of Mind
These affordable options will protect you and your family from unexpected events. You can also rest assured your standard of living is preserved. To learn more or obtain a quote, call us at 616.532.9067.