This coverage provides protection on loans up to $30,000 in case of the member's death.  Each member making a new loan may apply for this coverage without providing a Statement of Insurability provided that the coverage is applied for within 30 days of the date of the loan.

The rates for this coverage are as follows:

13.3 cents per $100 of monthly loan balance for Single Credit Life
23.4 cents per $100 of monthly loan balance for Joint Credit Life