Insurance Services

Credit Insurance (loan protection)

You can protect your loans at Safeway LAFCU with credit life and/or credit disability insurance. With loan protection, you have the peace of mind that in the event of an injury, sickness or even death, your loan payments are covered by one of the nations leading insurance companies. The following table shows the different types of credit insurance available at Safeway LAFCU and their cost. Type of coverage Monthly Rate Per $100.00 Waiting period Age Limit Single Life Insurance $.051 NA 69 Joint Life Insurance $.071 NA 69 Credit disability Insurance $.288 14 DAYS 65 The cost of credit insurance is determined by the amount of your loan, not by your age, therefore your monthly premiums (which are conveniently added to your loan payments) will only reflect the cost to cover your loan balance.

Mechanical Breakdown Insurance (MBI)

MBI is an affordable extended warranty plan offered by the Credit Union for both new and used cars, trucks, vans and SUVs. Mechanical Breakdown Insurance is an investment in your financial security, because by investing up-front in MBI you avoid the high costs of major auto repairs that would have otherwise come out of your own pocket. Our MBI plan features the following:

Superior Coverage We offer top-of-the-line coverage backed by a top-rated insurance carrier that will save you hundreds of dollars over comparable manufacturer's vehicle service contracts. Simple Claims Your vehicle may be serviced at any licensed repair facility in the United Sates or Canada with prior approval. Direct payment to repair facility Our MBI plan will supply a national credit card to the repair facility for payment of all authorized repair costs less your deductible. Increased resale value If you later decide to sell the car, coverage may be transferred to the new private owner, or may be cancelled for a prorated refund of the unused portion. For more information regarding MBI, please contact the credit union or just click here for an instant quote.

50-Plus Group Term Life Insurance — for members ages 50 to 74

This coverage makes it easy for members age 50 to 74 to arrange to leave an insurance benefit of $10,000 to $100,000 to family members or others. Cash benefit helps relieve your loved ones of the burden of paying for your final medical bills, credit card or other loan balances, funeral costs and other end-of-life expenses Apply without the inconvenience of a medical exam typically required; just answer the few health questions on your application Lifetime protection to age 95 Economical group rates for our members This coverage is underwritten by The United States Life Insurance Company in the City of New York, 70 Pine Street, New York, New York. CLICK HERE for costs, an application you can print out and complete at home, and more information, including eligibility, features, limitations, exclusions, etc. Or call our partner in helping you better protect your family's financial future, LifeHelp Insurance Administrative Services 5 a.m. to 5 p.m. Pacific Time Toll-free 1-800-345-4543

Young Family Group Term Life Insurance — for members ages 18 to 49

This coverage makes it easy for members age 18 to 49 to better protect their loved ones with up to $100,000 of life insurance coverage, to help make sure money would be available to replace income and provide for everyday needs, should your family lose you. Cash benefit helps protect your loved ones by replacing income, so your children would be properly cared for, with money in hand to keep up with the mortgage or rent, credit cards and other bills, or for any of the many other expenses your loved ones would face without you. Easy application – no medical exam, and just a few medical questions Renewable to age 75 Enjoy affordable group rates for our members This coverage is underwritten by New York Life Insurance Company, 51 Madison Avenue, New York, New York. CLICK HERE for costs, an application you can print out and complete at home, and more information, including eligibility, features, limitations, exclusions, etc. Or contact our partner in helping you better protect your family’s financial future, LifeHelp 6724 Lockheed Drive Suite 1 Redding, CA 96002 Toll-free 1-800-345-4543 5 a.m. to 5 p.m. Pacific Time

Accidental Death and Dismemberment Insurance

As a member of Safeway Los Angeles Federal Credit Union age 18 or over, you are eligible for $1,000.00 of Accidental Death and Dismemberment Insurance. Premiums for this Basic Coverage will be paid by the credit union. There is no cost to you. In order to put your coverage in force, you must first complete an enrollment form and mail it to our plan administrator. To receive an enrollment form and address to our plan administrator, please contact the credit union at (562) 864-2524 or e-mail us at mail@safewaylafcu.org.