Insurance

FREE Accidental Death and Dismemberment Insurance

The credit union offers accidental death and dismemberment insurance to all of our members for FREE. The initial coverage amount is $3,000.00. Members may PURCHASE additional coverage for you and your family. For more information, contact CMFG Life Insurance Company at 877-636-2377.

Term and Whole Life Insurance

Being a member of our credit union makes you eligible for a term life or whole life insurance policy at a very affordable cost.  For more information, contact CMFG Life Insurance Company at 877-636-2377.

Auto and Homeowners Insurance

Members may purchase auto and home insurance at a discounted rate through our insurance partner. Teachers can also receive special auto insurance benefits! Plus teen drivers may be eligible for the Good Student Discount. For more information, contact Len Whitten of Liberty Mutual Insurance (a partner of CUNA Mutual Group) at 860-683-2600 x52302.

INSURANCE ON LOANS

FREE Death or Total Disability Insurance

The credit union offers FREE death or total disability insurance on consumer loans* to the primary borrower. This service provides the borrower with insurance that pays off the balance of the loan in the event of death, or total and permanent disability. Members may PURCHASE insurance on Fixed Home Equity Loans, Home Equity Lines of Credit and Visa Credit Cards, Please contact our Loan Officer at 860-253-4780 or 800-749-8305 for more information.

*1st Mortgages, VISA Credit Cards, Home Equity Lines of Credit, and Fixed Home Equity Loans are excluded.

Credit Disability Insurance

 

Members may purchase credit disability insurance for consumer loans, Fixed Home Equity Loans, Home Equity Lines of Credit and Visa Credit Cards. Credit disability insurance provides for the continued payment of the insured borrower's loan in the event of disability resulting from a covered accident or illness.

 

Please contact our Loan Officer at 860-253-4780 or 800-749-8305 for more information.

Listen to one woman’s story

on how Credit Disability Insurance helped her.

GAP Insurance for Vehicles

Most cars depreciate by thousands of dollars as soon as they are purchased. And if your vehicle is stolen, accidentally damaged beyond repair, or otherwise declared a total loss, you will still be liable to pay the difference: the "gap" between the insurance settlement and your loan balance. Guaranteed Asset Protection (GAP) helps cover the difference between your primary insurer's settlement and the loan balance on items directly related to the purchase of the vehicle. GAP provides coverage for a potentially high-cost expense. GAP is available on new and used auto loans as well as existing auto loans. Please contact our Loan Officer at 860-253-4780 or 800-749-8305 for more information.


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Tobacco Valley Teachers Federal Credit Union | Call: 860-253-4780 or 800-749-8305 | Fax: 860-253-4785 | Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

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