HomePlus Mortgage Life insurance will pay off or reduce the outstanding mortgage balance upon the death of the insured. Premiums remain level over time and are based on the applicant’s age and loan balance.

Features
• A benefit is available on a single or joint basis.
• Second person is insured for only half the cost of the first (tobacco/nicotine rates applied if either party uses tobacco/nicotine).
• Premiums remain level over time and are based on customer’s age and loan balance at time of application.
• Monthly premium payments will be collected by EFT.
• Partial coverage is available.
• Tobacco/nicotine and non-tobacco/non-nicotine rates available.
• Coverage is portable and stays in force provided premiums are paid if the loan is sold, transferred or refinanced.

Plus
• $10,000 of Accidental Death coverage at no cost for the first 12 months of life coverage, upon underwriting approval for life coverage.

The information contained in this overview is a summary of the plan benefits. Actual plan benefits are determined by the plan document (certificate, policy, contract, etc.). This insurance plan is underwritten by Minnesota Life Insurance Company, a member company of Securian Financial Group. Minnesota Life is highly rated by the major independent rating agencies that analyze the financial soundness and claims-paying ability of insurance companies. For more information about the rating agencies and to see where Minnesota Life’s rating ranks relative to other ratings, please see our web site at www.minnesotalife.com/financials. Coverage is offered under policy form series MHC-98-15620T, MHC-98-15618 and MHC-98-15614 and any variation thereof.

This credit union is federally insured by the National Credit Union Administration.