Your loans protected. Your peace-of-mind ensured.
Our loan protection programs, and insurances, offer you and your loved ones security!
Credit Life & Disability Insurance
Guaranteed Asset Protection (GAP)
Mechanical Breakdown Protection
Mortgage Life & Disability Insurance
In calling my insurance company I realized they were going to only cover $20,000 of my remaining $23,000 loan that I had financed with the vehicle. This left me with $3,000 I would have had to continue to pay on for a vehicle that was totaled. This however was not the case thanks to my GAP and ADR coverage.
- Chris C.
Apply during the loan application process or after your loan closing!
Designed to reduce or pay the insured balance of your loan if you die during the term of your loan.
Designed to pay your loan payments (up to the contract limit) if you become ill or disabled and are unable to work at any time during the term of you loan.
*Note: This advertises the following Group Credit Insurance Policy Forms: Minnesota Mutual XXX-4000 series, and Minnesota Life MHC-XX-4000 series and XX-60000 series as well as any applicable state variations.
You can usually obtain Payment Protection up to the age of 65 and even up to the age of 70 in some states. Also, a medical exam is usually not required, although, general health questions may be asked. Your insurance becomes effective as soon as your loan is finalized.
GAPIf your car is totaled for any reason, the amount of reimbursement you receive from your insurance company may be substantially less than the amount you owe on your car loan. GAP insurance can cover this financial shortfall, or gap. Otherwise, you could be left owing thousands of dollars. Coverage can be conveniently included in your loan payment for affordable protection. With GAP, members receive $1,000 towards their new GSCU auto loan if financed within 90 days from total loss of the covered vehicle.
ADRADR pays you back up to $500 if you pay an insurance deductible on a claim, and the best part – there is no limit on the number of claims filed!
MBP or Extended Warranty Protection against mechanical breakdowns beyond your existing manufacturer's warranty. Get the most comprehensive coverage for your car, truck, SUV, motorcycle, or ATV, at a discounted rate from your credit union.Although you should consider refinancing your existing auto loan with GSCU, you do not need to have a consumer loan with us to qualify for this extended warranty offer.
The perfect addition to any home.
Mortgage Life Insurance, underwritten by Minnesota Life Insurance Company, pays off or reduces your mortgage balance in the event of your death* - helping your family keep the home they love. In the event of your untimely death, Mortgage Life Insurance benefits are sent directly to your lending institution to pay off or reduce your mortgage debt, relieving your family or co-homeowner of a major, long-term debt. All homeowners under the age of 70 are eligible to apply.
* Plan does not cover suicide during the first two years of coverage.**If two borrowers are insured for joint Mortgage Life Insurance, only one living insurance benefit will be payable under the policy.Mortgage Life Insurance offered under Minnesota Life policy form series MHC-88-15323T, MHC-99-15730V, and any state variation thereof.