Insurance Services

Hard times come to all of us. One way to help alleviate financial strain during those times is to add insurance to auto loans.

Knoxville TVA Employees Credit Union has partnered with several companies to offer different types of protection to benefit members. Be assured the Credit Union takes great care when choosing these providers.

Life Protection

The Credit Union partners with LifeHelp to provide affordable life protection options for members. LifeHelp can assist to determine what type of life protection is a good fit for your situation, budget and purpose of coverage. 

Find out more!

Accidental Death (AD&D)

In the event of an accidental death, AD&D protection pays the benefits in addition to any life protection, but only up to a set amount total, regardless of any other protection held by the same insurer that is held by the member. Fractional amounts of the policy will be paid out if the covered member loses a bodily appendage or sight because of an accident.  Additionally, AD&D generally pays benefits for the loss of limbs, fingers, toes, sight and permanent paralysis.

Every member receives $1,500 of complimentary AD&D.

Guaranteed Asset Protection (GAP)

Guaranteed Asset Protection (GAP) provides additional coverage above and beyond auto protection. If your vehicle is stolen or totaled, the majority of insurance companies will only pay up to the book value of the vehicle, leaving you to pay the difference. GAP would cover that difference: between what the insurance company pays toward the loan, what is left of the loan balance, and the deductible up to $1,000. GAP through the Credit Union also provides $1,000 toward the purchase of a replacement vehicle if financed through the Credit Union within 90 days.

For more information, call (865) 544-5400, (800) 467-5427,  or visit any branch.

Credit Life & Disability

There is no way to predict an injury, illness or an unexpected death, but you can take steps along the way to make sure your family is provided for if the unexpected were to happen to you. Credit Disability and Credit Life Protection may help make your loan payment to make life easier for you and your loved ones.

Credit Life Protection safeguards loved ones in the event of death by paying off the remaining balance of the auto loan. Credit Life is available to members and joint borrowers of a loan. Coverage is effective through age 69, covers the loan balance up to $100,000 and a maximum term of 120 months.

Disability Protection is available to members and joint borrowers of a loan. When disabled and unable to work, this protection helps pay monthly payment obligations. Coverage is available to members through age 65, covers the loan payment up to $1,000 per month and a maximum term of 120 months.

Credit Disability and Credit Life Protection work in two different ways. You and your family may not have to make loan payments if you are totally disabled due to a covered injury or illness. It may help pay your loan until you are no longer totally disabled, or in the event of your unexpected death, it may help pay off the loan. Savings, salary or payoffs from other insurance may be used for other important things, giving your family financial freedom when they need it most.

Premiums for Credit Life and Disability Protection may be included with your monthly loan payment. No physical examination is required, but a few health questions may need to be answered to determine eligibility. Coverage can be canceled at any time. If canceled within the first 30 days, you will receive a full refund if the premium has already been paid.

For more information, call (865) 544-5400, (800) 467-5427,  or visit any branch.

Travelers Auto & Home Protection

As a Knoxville TVA Employees Credit Union member, you may be eligible for discounted protection rates not offered to the general public through Travelers Insurance.

Travelers offers special program rates, generous discounts and savings advice. To request a quote, call toll-free 800-842-5936 or click here. Be sure to have a copy of your current policy handy when requesting a quote.

Get a quote now