Payment Protection Options

Family First FCU offers affordable credit insurance that provides a safety net for your family in case of an untimely death or disability.  With this insurance, you don’t have to worry about who will make your loan payments if you can't. 

Life – In the unfortunate occurrence of a loss of life, your loan will be paid.  This coverage, which can be joint or single, is offered on all loans except consumer first mortgages and Home Equity Lines of Credit with a maximum loan value of $55,000, and a maximum loan term of 180 months. Credit cards with a maximum balance of $30,000 are also eligible.  You must be under the age of 70 to participate and able to pay for the insurance plan.

Disability – In the occurrence of a disability, your loan will be paid.  This single (and joint) coverage is offered on all loans except first mortgages and has a member-paid premium that is based on the outstanding loan balance.  Maximum loan values and terms are:

  • Consumer Loans – the maximum loan amount is $30,000 and a maximum term of 180 months. The maximum age is 66 years and there is a six month pre-existing condition exclusion.
  • Home Equity Loans – the maximum loan amount is $55,000, a maximum term of 180 months and a maximum monthly loan payment amount of $850. The maximum age is 66 years and there is a six month pre-existing condition exclusion.

For more information or to make a claim, please call a Family First Member Service Representative at 585.586.8225 or visit one of our convenient branches.