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Insurance & Debt Protection

Peace of mind on the go

We’ve partnered with TruStage and Allied Solutions for insurance options that offer peace of mind for every step you take.

 

Payment Protection Options

Protect your loan payments against the unexpected, such as a disability or another covered life event. It could help lighten the burden for the people you care about.

ATM

GAP Plus

Guaranteed Asset Protection (GAP) Plus helps cover the gap between your vehicle insurance payout and your loan balance, reducing or eliminating out-of-pocket expenses if your vehicle is totaled. It’s an added layer of financial protection when you need it most.¹

VIDEO: GAP Explained

Savings

Debt Protection

Life can take unexpected turns, but you can protect your loan balance or payments against events like death, disability, or involuntary unemployment. This coverage helps safeguard your finances by potentially canceling your loan balance or payments up to the contract maximum.

Purchasing protection is voluntary, won’t impact your loan approval, and is easy to add to your loan.²

VIDEO: Debt Protection Explained

Auto Loans

Vehicle Protection Plan

Don’t drive without the coverage you deserve!

Our Auto Essentials is a bundled package of coverages that protects you from normal driving incidents and out-of-pocket expenses that aren’t typically covered by insurance policies, manufacturer’s warranties or extended warranties.

VIDEO: Vehicle Protection with Auto Essentials Explained

Document

Mechanical Breakdown Protection

Drive with the peace of mind knowing that with Mechanical Breakdown Protection (MBP) you have protection against the increasingly high cost of repairs and associated labor costs for mechanical and electrical vehicle failures.³

VIDEO: Mechanical Breakdown Protection Explained

Have questions?

Call Federal is here to help. Reach out to us today for more information and expert guidance to meet your needs.

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(Current Members: If you already have an account, simply login to your Online Banking and select “Open An Account” to get started.)

 

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Disclosures

1Your purchase of MEMBER’S CHOICE™ Guaranteed Asset Protection (GAP) is optional and will not affect your application for credit or the terms of any credit agreement you have with Us. Certain eligibility requirements, conditions, and exclusions may apply. You will receive the contract before you are required to pay for GAP. You should carefully read the contract for a full explanation of the terms. If you choose GAP, adding the GAP fee to your loan amount will increase the cost of GAP. You may cancel GAP at any time. If you cancel GAP within 90 days you will receive a full refund of any fee paid.

2Your purchase of Debt Protection with Life Plus is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. Certain eligibility requirements, conditions, and exclusions may apply. Please contact your loan representative or refer to the Member Agreement for a full explanation of the terms of Debt Protection with Life Plus. You may cancel the protection at any time. If you cancel protection within 30 days, you will receive a full refund of any fee paid.

3All descriptions are for informational purposes only. Please refer to the actual coverage agreement for specific details. Windshield Repair not available to consumers who reside in FL.

4Auto and Home Insurance Products are issued by leading insurance companies. The insurance offered is not a deposit, and is not federally insured, sold, or guaranteed by any financial institution. Product and features may vary and not be available in all states. ©TruStage

5TruStage™ Accidental Death and Dismemberment Insurance is issued by CMFG Life Insurance Company. The insurance offered is not a deposit, and is not federally insured, sold, or guaranteed by any financial institution. Product and features may vary and not be available in all states. Corporate Headquarters 5910 Mineral Point Road, Madison, WI 53705. Base Policy Form Numbers: ADD-2018-POL, ADD-2018-POL(OR), 2018-ADD-POLRDR-CI, 2018-ADD-POLRDR-CNR, E10-ADD-2012, E10a-ADD-2012-LSCU, E10a-014-2012, E10a-014-2012(OR), E10a-015-2012, F10a-015-2012-1(WA).© TruStage

6TruStage is underwritten by CMFG Life Insurance Company, which is rated “A” (Excellent) as of December 2022 by A.M. Best, an independent rating service which evaluates financial stability and operating performance, year after year. An “A” rating is the third highest of 16 ratings. TruStage™ Life Insurance is issued by CMFG Life Insurance Company, MEMBERS Life Insurance Company, and other leading insurance companies. The insurance offered is not a deposit, and is not federally insured, sold, or guaranteed by any financial institution. Product and features may vary and not be available in all states. All guarantees are based on the claims-paying ability of the insurer. Corporate Headquarters 5910 Mineral Point Road, Madison, WI 53705. © TruStage

7TruStage is underwritten by CMFG Life Insurance Company, which is rated “A” (Excellent) as of December 2022 by A.M. Best, an independent rating service which evaluates financial stability and operating performance, year after year. An “A” rating is the third highest of 16 ratings. Discounts and savings are available where state laws and regulations allow, and may vary by state. Certain discounts apply to specific coverages only. To the extent permitted by law, applicants are individually underwritten; not all applicants may qualify. Auto and Home Insurance Products are issued by Liberty Mutual Insurance Company, 175 Berkeley Street, Boston, MA. To the extent permitted by law, applicants are individually underwritten; not all applicants may qualify. Liberty Mutual Copyright 2023. Discounts are not available in all states and discounts vary by state. A consumer report from a consumer reporting agency and/or motor vehicle report will be obtained on all drivers listed on your policy where state laws and regulations allow. Please consult your policy for specific coverage and limitations. The insurance offered is not a deposit, and is not federally insured, sold, or guaranteed by any financial institution. © TruStage