- The Basics
Sign up for MEMBER'S CHOICE® term life insurance from CUNA Mutual Insurance Society when you take out your next loan at Magnify Credit Union. As a MAGNIFY member, you and your family can have the valuable financial protection you need when you take out a loan.
Premiums for the coverage you select are reasonable. In fact, when you compare the cost of term life insurance with the benefits offered, you'll find the coverage well worth it.
Life insurance can:
- Reduce your family burden and protect your family
- Protect your income, your collateral and your credit rating
- Provide coverage at home and at work.
- Provide peace of mind
In the event of your death, term life insurance pays the insured balance of your loan, up to the policy maximum.
How Much Does It Cost?
Coverage costs just pennies a day. Premiums can be added to your monthly loan payments for your convenience.
It's Easy to Qualify...
To qualify for term life coverage you must not have reached the maximum eligibility age of 65 on the date of your loan.