Credit Life

Benefits:

  • Pays loan off in the event of death
  • You are eligible up to age 71
  • You must be working at least 25 hours per week on the day of the initial advance, OR,
  • If not working, the Statement of Good Health applies
  • Exclusions: 12-month suicide clause
  • Maximum loan amount is $40,000 per loan (aggregate)
  • Maximum loan term is 120 months
  • Rate for Single Credit Life is $0.80 per #1,000 of outstanding loan balance
  • Rate for Joint Credit Life is $1.40 per $1,000 of outstanding loan balance
Online-Banking
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