In today’s automobile market, a vehicle begins to depreciate the minute it is purchased. Because of this, a vehicle’s outstanding loan balance is typically higher than its actual cash value, especially during the first few years of the loan. If a vehicle is totaled or stolen, the borrower’s insurance settlement is based on the actual cash value of the vehicle. Because of the way the claim is paid, the settlement can be significantly less than the remaining loan balance. This may create a deficiency balance or a “gap” resulting in a serious financial hardship for your borrower.
"GAP Advantage" (Guaranteed Auto Protection) will help protect you in the event that your vehicle is damaged beyond repair or if it is stolen and not recovered. GAP will waive the difference between the outstanding loan balance at the time of loss and the actual cash value of the vehicle (primary insurance settlement), less certain deductions.
All of this coverage is available for a one-time premium of $405.00. This is a great deal! If you are in the market for a vehicle loan or already have a vehicle loan at the credit union, simply contact us to apply for GAP coverage.
TruStage: Insurance the credit union way.
Insurance protection is part of a solid financial plan. That’s because dependable coverage helps ensures financial relief when you need it most. And along the way, that coverage means you’ll take comfort in knowing you’re protected.
Founded on nearly 80 years of working together with credit unions, we make a variety of insurance products and programs available to members like you—and help you protect what matters most.
Welcome to TruStage and insurance the credit union way. To learn more, get quotes or just explore, visit TruStage.com.
TruStage Insurance Agency, 2013. All rights reserved.
TruStage™ insurance products and programs are made available through TruStage Insurance Agency, LLC and issued by CMFG Life Insurance Company and other leading insurance companies.
TruStage™ Auto & Home Insurance Program
Exclusively for credit union members like you, the TruStage Auto & Home Insurance Program provides affordable top-quality protection. You could enjoy discounted rates combined with online convenience and 24/7 claims service.
Get your free quote today or call 1-855-483-2149.
TruStage™ Auto and Home Insurance program is offered by TruStage Insurance Agency, LLC and issued by leading insurance companies. Discounts are not available in all states and discounts vary by state. The insurance offered is not a deposit and is not federally insured. This coverage is not sold or guaranteed by your credit union.
TruStage™ Life Insurance Plans
Exclusively for credit union members, we offer TruStage Life Insurance Policies to help you protect the people who matter most in your life. Underwritten by CMFG Life Insurance Company, these plans are designed to fit your budget and provide excellent coverage.
Learn about this important coverage or call 1-855-612-7909 for more information.
TruStage™ Life Insurance is offered by TruStage Insurance Agency, LLC and issued by CMFG Life Insurance Company. The insurance offered is not a deposit and is not federally insured or guaranteed by your credit union.
TruStage™ Accidental Death and Dismemberment Insurance Coverage
One of the nice benefits of credit union membership is a no-cost TruStage Accidental Death and Dismemberment (AD&D) insurance policy from CMFG Life Insurance Company. AD&D coverage pays you or your loved ones a cash benefit after an accident results in a covered injury or loss of life due to an accident.
You can get $1,000 of coverage, paid for by your credit union, and provided by CMFG Life Insurance Company. You can also get up to an additional $300,000 AD&D coverage from CMFG Life at affordable rates.
Sign up for your no-cost or additional protection today.
TruStage™ AD&D Insurance is offered by TruStage Insurance Agency, LLC and underwritten by CMFG Life Insurance Company. The insurance offered is not a deposit and is not federally insured or guaranteed by your credit union.