IMAGE: Six stacks of coins, left to right topped with two wedding rings, piggy bank, airplane, home, shopping cart, graduation cap.

Payment Protection

Payment Protection

Texell offers a variety of payment protection options for your loans. For more information on how to include these options, speak to your specialist during the loan application process.

Credit Life Insurance — This insurance policy pays off the loan balance to the credit union and offers a Funeral Concierge service in case of the member’s death.

Credit Disability Insurance — This insurance policy makes the monthly loan payment to the credit union to reduce or pay off a loan if the member becomes disabled by a covered sickness or accident.

Guaranteed Asset Protection (GAP) — This feature pays the difference between the actual cash value of the vehicle and what is remaining on the loan for an automobile, RV, boat or motorcycle in the event the vehicle is totaled or stolen before the final payment.

Extended Warranty — Extended Warranty provides valuable protection against the costs of most unexpected mechanical repairs

File a Credit Life or Credit Disability Claim

If you already have a Texell loan with Credit Life or Credit Disability protection, you can file a related claim online. Click the button below to get started. For any questions after submitting the claim, contact our Member Services at 855.773.1604.