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Payment Protection

You can’t predict an injury, illness, or unexpected death, but you can protect your family.

Life can be wonderful. But it can also get complicated when unexpected things happen.

If the unexpected happens, credit life and disability insurance can help make your loan payments when you can't. This payment protection product offered through SELCO is designed to help pay off or reduce your loan balances, or make your monthly loan payments, up to policy maximums. It can lessen the financial strain on your family, and knowing you're protected may help give you peace of mind.

  • Makes your loan payments (up to policy maximums), if you become totally disabled due to a covered injury or illness.
  • Pays or reduces the loan balance (up to policy maximums) if you pass away.
  • Apply for or cancel coverage any time.
  • Won’t affect your loan approval.
  • Premiums included in your monthly payment.

For a quote, call us at 800-445-4483 or stop by any SELCO branch.

Your purchase of MEMBER’S CHOICE® Credit Life and Credit Disability Insurance, underwritten by CMFG Life Insurance Company (Home Office: Waverly, IA), is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. Certain eligibility requirements, conditions, and exclusions may apply. Please contact your loan representative or refer to the Group Policy for a full explanation of the terms. Base Policy Nos. CI-MP-POL, CI-SP-POL, B3a-830-0996, B3a-800-0695, B3a-800-0288, CI-MP-CE-POL; CI-MP-OE-CC-POL; CI-MP-OE-POL; B3a-800-0992.