Insurance Options

Protect yourself against unanticipated financial hardships that could easily put your dreams and lifestyles in jeopardy. Credit Insurance on auto and personal loans to help you avoid missing loan payments—and help protect you from loan delinquency and default.




Credit Life Insurance

If you're thinking about taking out a loan, take a minute to learn about credit life insurance.

Credit life insurance reduces or pays off the balance of an insured credit union loan in the event of your death. The coverage spares your family from the additional financial obligation of repaying your loan. Since credit life insurance covers a specific loan, the benefits from other life insurance plans can be used for your family's day-to-day living expenses or providing for future needs, such as a child's college education. Credit life insurance from Riverset and CUNA Mutual costs just pennies a day and can be placed on personal and auto loans.




Credit Disability Insurance

Are you safeguarded against unanticipated financial hardships that could easily put your dreams and lifestyles in jeopardy?

Credit Disability insurance may help create a safety net for your assets and savings by helping you avoid missing loan payments.  The coverage makes your loan payments for as long as you are unable to work due to a covered disability. The cost is reasonable, and it could be a great help at a critical time. The premium is built into your loan payment so there are no additional payments to setup. No one plans to become disabled due to injury or illness - but we can help you be prepared for the unexpected.



Guaranteed Asset Protection Plus (GAP Plus)

A wrecked vehicle can wreck your finances, if you own more on your loan than your insurance will pay.

The second you drive your new vehicle off the lot it drops in value. It continues to drop each year creating a gap in coverage. GAP Plus will help fill the gap between what your vehicle insurance will pay and what you owe on the loan, to cushion you against sudden out-of-pocket expenses if your vehicle is totaled. GAP Plus may cancel part of your next loan with Riverset when you purchase a replacement vehicle. Talk to a Financial Service Representative today to learn more about GAP Plus Protection!