Loss of a Loved One
You’ve already taken the first step toward greater financial security by joining our credit union family. Providing greater security for your family is important. We want to help you if you experience an unexpected family emergency like an accident or death. It’s always best to prepare before these things happen. Here are a few things that can help protect you and your loved ones.
Set up Emergency Fund
It’s always a good idea to put some money away for those unexpected emergencies, putting a little bit away at a time helps you save. We have several accounts that can help.
Utilize Texell’s Savings Calculators to help you forecast future savings.
Add Credit Life\Disability coverage on Loans
We offer Credit Life and Disability coverage. This coverage is designed to pay the remaining loan balance in the event of a borrower’s death or can make monthly payments in the event of a disability.
- $75,000 maximum benefit per loan for credit life up to age 70
- $850.00 maximum monthly payment per loan for credit disability up to $75,000 up to age 66
Accidental Death and Dismemberment
This benefit is designed to help your beneficiary in the event of your accidental death or dismemberment.
- First $2,000 of coverage available at no cost to you
- You can purchase up to $300,000 more coverage regardless of your health
After a loss of a loved one
We realize that losing a loved one is difficult and that there can be many tasks in front of you. And, like many survivors, you may be faced with responsibilities and decisions you have never had to deal with before. After losing a loved one, your income may be reduced, and you may need to re-evaluate your spending. We are ready to help any way that we can.
Download a Survivor's Checklist to help navigate this difficult time.
Funeral Concierge Services
Texell Credit Union is pleased to provide a unique, value-added service that empowers individuals who are dealing with funeral related issues. Everest services are available to our members at no cost.
Everest is an independent consumer advocate who works on your behalf. Everest’s sole purpose is to provide the information you need to make the most informed decisions about all funeral related issues, and then put those wishes into action.
You’re never locked into a decision because Everest’s funeral advisory services can be used at any funeral home across North America.
Download a Funeral Concierge Service Brochure for information on this free service.