Coverage for Terminal Condition or Accidental Dismemberment: cancels the remaining loan balance as of diagnosis or dismemberment (up to $75,000)
Coverage for Family Leave or a Hospital Stay: cancels up to three payments per occurrence (aggregate max. of $3,000, up to $1,000 per month)
Eligibility requirements and conditions must be met to receive coverage & benefits.
Can be added to an existing MEMBERS1st loan up to 6 months after loan disbursement. After 6 months, adding coverage requires writing a new loan, potentially with new terms.
