CUNA Mutual Group has launched its new mortgage payment protection product for credit unions and members that covers mortgage payments in the event of a borrower’s death, disability or involuntary unemployment. Credit unions that offer it are leveraging a comprehensive insurance and training program that protects members’ home mortgages.
The launch comes just in time for summer, which is peak moving season according to the U.S. Census Bureau. It’s also the time of year when new mortgages, mortgage refinancing and protection for these investments are likely to be top-of-mind for many Americans, especially for the 45 million who move from one home to another every year. Mortgage payment protection gives credit unions a new way to support members and homeowners who may be less prepared than ever for emergency expenses.
CUNA Mutual Group Launches Mortgage Payment Protection Program
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