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TDECU Insurance Agency is offering two products to protect you and your family.

HomePlus® Mortgage Life Insurance is a mortgage related insurance product designed to pay a guaranteed benefit in the event of an insured debtor’s death or terminal illness.

• Premiums remain level over time and are based on the customer’s age and loan balance at the time of the application.
• Partial coverage is available (minimum benefit is $25,000).
• $10,000 of Accidental Death coverage at no cost for the first 12 months of coverage, upon underwriting approval for life coverage.
• Once approved, coverage may be continued for the term of the mortgage loan, regardless of age, as long as premiums are paid.
• Coverage is portable and can remain in force even if the loan is refinanced or sold as long as premiums are paid.
• For more information and a rate calculator, click here.

Secure 12 Mortgage Payment Protection is a mortgage related insurance product designed to pay 12 monthly mortgage payments up to a maximum of $4,000 per month in the event of an insured debtor’s death or terminal illness. This monthly benefit mortgage life insurance plan is available on a single or joint coverage basis.

• Pays or reduces the monthly mortgage payment as of the date of death or certified terminal illness as defined in the policy.
• Twelve months of payments will be made regardless of how many payments are left on the loan.
• Maximum monthly benefit is $4,000. In the event the loan is paid in full as a result of benefit payments, any remaining benefit payments will be paid monthly to the debtor’s spouse if living; if not, then the debtor’s estate.
• Economical rates (premium) maintain over time. Premium does not increase due to age.
• To apply or for more information on these products, click here.