When you are a member of the G.U.T. Credit Union you can rest easy knowing that we provide you with free insurance on your savings and loans. This is just another example of ‘the credit union difference’.
As a member, you have free insurance on your savings up to age 54. If you were to die before age 54 your savings will be matched up to $10,800 by the insurance. If death is accidental, the savings will be doubled.
Insurance is also provided on your loans up to a maximum of $54,000. So if you were to die or become permanently disabled while your loan is being repaid, the insurance would pay off the balance of the loan up to the stated maximum.
No one likes to think about death, but it’s good to know that you can leave a strong financial legacy with the help of your credit union.