Salem Seaport Credit Union offers a protection plan that pays off a member’s loans, up to the policy maximum, if that member passes away. It’s simple and easy to enroll, and is offered at competitive group rates.
- A protection plan that pays off members' loans, up to the policy maximum, if they die before the loan is paid off.
- Benefits are payable to the credit union when the member dies. The benefit will equal the insured balance of the member's loan up to the maximum insurable amount.
- It's simple and convenient to enroll, and is offered at competitive group rates. Premium can be added to the loan balance.