|
|
|
Products and Services
The wide range of insurance programs
marketed by CRI Canada are tailored to match your credit union's objectives.
CRI markets insurance products as diverse as your members - from credit
life and disability and mortgage and accidental death insurance to value-added
auto protection and more. Click on the products at right for more detail.
Credit Insurance is
underwritten and administered by Canadian Premier Life Insurance
Company (Head Office - Markham, ON) and is available to credit union
members only.
INSURANCE SOLUTIONS
Accidental Death
& Dismemberment Insurance
| |
Accidental Death & Dismemberment
Insurance is available to help members maintain financial stability
in the event of a disabling accident or death. This plan lets the
credit union provide $1,000 of Accidental Death & Dismemberment
Insurance at no cost to the member. Your members can then buy up
to $250,000 of supplemental coverage from the insurer at low group
rates.  |
Credit Insurance
| |
Credit
Life Insurance
Credit Life Insurance is designed to help pay off or reduce a
borrower's loan balance in the event of the borrower's or co-borrower's
death. It is available with most consumer loans. It is a voluntary
purchase that provides peace of mind to the member.
Credit
Disability Insurance
Credit Disability Insurance is designed to help pay the total
or partial monthly payments of a loan in the event the borrower
becomes ill or falls victim to an accident or injury and is unable
to work. The benefit is calculated per day of total disability.
It is available with most consumer loans and is a voluntary purchase.
|
Mortgage Insurance
| |
Mortgage Life Insurance
Mortgage Life Insurance is designed to help pay off or reduce
the mortgage balance in the event of the borrower's death. Although
it is available with most mortgage loans, it is not mandatory
to purchase the coverage. The primary reason most borrowers purchase
this insurance is to protect what is usually their largest asset
- their home.
Mortgage Disability Insurance
Mortgage Disability Insurance is designed to help pay the total
or partial monthly mortgage payments in the event the borrower
becomes disabled due to sickness, accident or injury and is unable
to work. In most cases the benefit is calculated per day of total
disability. While it is available with most mortgage loans, it
is not mandatory to purchase the coverage. The primary reason
most borrowers purchase this insurance is to protect their credit
rating and not place additional strain on the household budget
in the event of disability.
|
Outstanding
Balance Insurance
| |
Outstanding Balance Insurance
When your members need a loan for an unusually large expense,
they shouldn't have to risk their good credit, or the equity they've
earned in their homes, to the unexpected. Outstanding Balance
Insurance helps members protect their family's lifestyle in the
event of death. The product may cover the amount the member owes
on his or her revolving loan or re-advancable credit. With this
product, the member never pays for unnecessary coverage. Affordable
premiums reflect the amount needed to cover the individual's outstanding
balance. In the event of death, the coverage may pay off the member's
outstanding loan balance up to $500,000. In addition, should the
member become terminally ill, benefits may be paid prior to death.
Joint coverage is also available.
Loan Protection Insurance
Loan Protection Insurance may pay off or reduce a covered loan
balance upon the borrower's death. The credit union pays the premium
for this insurance.
|
Line of Credit
| |
Line of Credit Life Insurance
A line of credit provides the flexibility to fit today's consumer demands.
Life insurance coverage on a line of credit is designed to help reduce or
eliminate your outstanding balance in the event of death.
Line of Credit
Disability Insurance
Line of Credit disability Insurance is designed to pay the monthly loan
payment of the insured borrower if they become ill or fall victim to an
accident or injury and are unable to work.
|
10
Year Level Term Insurance*
| |
Level Term Life Insurance
Level Term Life Insurance is designed to provide a maximum benefit
of $500,000 if an insured should die. In the event of a covered
death, this plan provides funds for the member¹s family to
use when they need it most.
Level Term Disability
Insurance
Level Term Disability Insurance works together with the Level
Term Life product to deliver maximum protection. The Level Term
Disability Insurance, available exclusively to credit union members,
can cover monthly loan payments for pennies a day.
|
*Available exclusively in Alberta, Manitoba,
Saskatchewan and Ontatio.
In Canada, Credit Insurance
is underwritten by Canadian Premier Life Insurance Company (Head
Office - Markham, ON) and is available to credit union member's only.
These coverages are only available through CRI Canada in Canada. All
products may not be available in all provinces.
|
| |
| * |
Through a strategic
alliance with Johnson, Inc. |
|
|
|
