Allied Solutions Insurance Options
Protect What Matters Most
With Options Tailored To Your Needs
As a Zeal Credit Union member, you have exclusive access to a variety of insurance options to meet your changing needs, including the following programs offered by our partners at Allied Solutions. Click below to navigate to a particular product, or scroll down to learn more.
Credit Insurance (CI)
Depreciation Protection (DPW)
Guaranteed Asset Protection (GAP)
Mechanical Breakdown Protection (MBP)
Auto Deductible Reimbursement (ADR)
Credit Insurance
Credit Protection Insurance can help ease financial concerns for you and your family if the unexpected occurs.
- Safeguard Your Family: Credit insurance helps meet the gap between the coverage you need and any life or disability insurance you may have.
- Credit Life Insurance: Designed to reduce or pay off the insured balance of your loan if you die.
- Credit Disability Insurance: Designed to pay your loan payments (up to the contract limit) if you become disabled due to illness or injury and are unable to work.
How You Could Benefit:
- Protection: Helps reduce the financial burden on your family in the event of disability or death.
- Convenience: Done at the time of loan application.
- Eligibility: Available up to the age of 65 and even up to 70 in some states. Also, a medical exam is usually not required, although general health questions may be asked.
- No Obligation for 30 Days: You have 30 days to review the plan and make sure it lives up to your expectations. During this period, you can cancel the coverage without obligation and any premiums paid will be refunded.
Contact us at (800) 321-8570 to learn more about Credit Insurance!
Credit Insurance Exclusions:
This information is intended to serve as a general guide to Credit Insurance coverage. Depending upon your state of residence, Credit Life Insurance may not cover suicide that occurs within six, 12 or 24 months of enrolling in the plan (in Idaho, within six months). Also, in some states, Credit Life Insurance may not cover pre-existing medical conditions.
Depending upon your state of residence, Credit Disability Insurance benefits may not be provided if illness or injury is the result of one or more of the following: (1) self-inflicted, (2) normal pregnancy, (3) war-related injury, or (4) illness, or medical conditions for which the insured debtor received or had medical treatment, advice or diagnostic tests either for that same condition or a related condition within the six month period immediately prior to the effective date of his or her insurance under this policy and which results in total disability commencing within six months after the effective date of the insured debtor’s coverage under this policy (Item (3) not applicable in Idaho).
Note: Some exclusions are not in force in every state or may vary due to state-specific requirements. Verify state-specific exclusions and requirements.
In New York, Credit Disability Insurance benefits are not provided if illness or injury is the result of one or more of the following: (1) self-inflicted injuries, (2) war-related injury, or (3) illness, or medical conditions for which the insured debtor received or had medical treatment, advice or consultation within the six month period immediately prior to the effective date of his or her insurance under this policy and which results in total disability commencing within six months after the effective date of the insured debtor’s coverage under this policy (exclusive of acute infectious diseases of the upper respiratory tract and other diseases generally considered medically as not adversely affecting future health).
Credit Insurance Disclosures:
Payment Protection Credit Insurance is not a deposit or obligation of or guaranteed by your financial institution or its Affiliates. Payment Protection is not insured or guaranteed by an agency of the federal government. Your credit approval cannot be conditioned on whether you purchase Credit Insurance. You may obtain insurance to protect your loan from an entity not affiliated with your financial institution.
This advertises the following Group Credit Insurance Policy Forms: Minnesota Life MHC-XX-4000 series and XX-60000 series, and Securian Life XX-60000 series, as well as any applicable state variations.
Insurance products are issued by Minnesota Life Insurance in all states except New York. In New York, products are issued by Securian Life Insurance Company, a New York authorized insurer. Minnesota Life is not an authorized insurer in New York and does not do business in New York. Both companies are headquartered in St. Paul, MN. Product availability and features may vary by state. Each insurer is solely responsible for the financial obligations under the policies or contracts it issues.
Depreciation Protection (DPW)
Depreciation Protection (DPW) provides protection on your vehicle equity and hedges against depreciation over the life of the loan. In the event of a total loss, DPW provides a waiver benefit equal to the difference between the vehicle value at the time of purchase, less the loan balance at the time of loss up to a maximum waiver benefit of $10,000, or the outstanding loan balance.
How You Could Benefit:
- Protection for collision for the life of the loan.
- No restrictions on mileage or model year.
- Protection for theft and fire, along with vehicle depreciation.
- 100% open enrollment.
- When you purchase DPW from Zeal Credit Union, the primary borrower and/or co-borrower also receives Auto Advantage, which includes Auto Deductible Reimbursement (ADR) at no additional cost. See below for more information!
DPW is Ideal for Those Who:
- Finance 90% loan to value (LTV) or less
- Put money down
- Trade-in a vehicle
- Make accelerated loan payments
- Need to protect equity
Contact us at (800) 321-8570 to learn more about DPW!
DPW Disclosure:
Maximum Waiver Benefit can vary depending on level of protection selected and/or offered. Please reference the waiver addendum for specifics regarding maximum waiver amounts. *$10,000 Waiver Benefit applies here because waiver amount will not exceed the lesser of the maximum amount listed in the waiver addendum or outstanding loan balance at total loss.
Guaranteed Asset Protection (GAP)
Guaranteed Asset Protection (GAP) helps borrowers and lenders avoid financial loss by waiving all or a portion of the deficiency between a borrower’s payoff amount on their auto loan and the determined actual cash value of a vehicle in the event that a vehicle is totaled or stolen. GAP covers up to a certain loan to volume (LTV) maximum, less exclusions or limitations that may apply. GAP Advantage also provides you with a $1,000 credit toward the financing of a replacement vehicle financed with Zeal Credit Union!
This a voluntary, non-insurance product.
How You Could Benefit:
- Protection for collision for the life of the loan.
- No restrictions on mileage or model year.
- Protection for theft and fire, along with vehicle depreciation.
- 100% open enrollment.
- When you purchase GAP from Zeal Credit Union, the primary borrower and/or co-borrower also receives Auto Advantage, which includes Auto Deductible Reimbursement (ADR) at no additional cost. See below for more information!
DPW is Ideal for Those Who:
- Finance 90% loan to value (LTV) or less
- Put money down
- Trade-in a vehicle
- Make accelerated loan payments
- Need to protect equity
GAP Advantage Brochure (Spanish)
Contact us at (800) 321-8570 to learn more about GAP!
GAP Advantage: Disclosure
Your purchase of GAP Advantage is optional. Whether or not you purchase this product will not affect your application for credit or the terms of any existing credit agreement you have with us. We will give you additional information before you are required to pay for GAP Advantage. This information will include a copy of the GAP Waiver which will contain the terms and conditions of the GAP Advantage benefit. There are eligibility requirements, conditions, and exclusions, including a loan-to-value maximum that may cap the benefit you receive from GAP Advantage. You should carefully read your GAP Waiver for a full explanation of the benefits, rules, terms and conditions of the program.
Auto Advantage: Auto Deductible Reimbursement (ADR)
Our DPW Program and GAP Programs Include Auto Advantage!
When you purchase DPW or GAP from Zeal Credit Union, the primary borrower and/or co-borrower also receives Auto Advantage, which includes Auto Deductible Reimbursement (ADR) at no additional cost.
The covered borrower may be reimbursed their deductible for any loss covered by the borrower’s auto insurance policy for all their non-commercial passenger cars, trucks, or vans.
ADR Benefit Requirements:
- All vehicles are covered that are owned (title, registration, or loan documents) and insured by the primary borrower and/or co-borrower.
- Only four-wheel, non-commercial passenger vehicles (cars, trucks, vans) are covered. ADR does not cover motorcycles, boats, and RVs.
- A claim can be filed if the paid claim exceeds the borrower’s deductible and has been approved and paid by the borrower’s primary auto insurance. This includes comprehensive and collision claims and requires repairs to be made.
Mechanical Breakdown Protection (MBP)
Mechanical Breakdown Protection (MBP) can protect against the increasingly high cost of repairs and associated labor costs for mechanical and electrical vehicle failures. In addition to repairing your vehicle, MBP provides services such as a rental car allowance, tire protection, roadside assistance, and 24/7 towing. MBP is available for both new and used vehicles and can protect your vehicle after your warranty has expired.
How You Could Benefit:
- $0 Deductible on Repairs
- Total Loss Refund
- Roadside Assistance and 24/7 Towing
- Rental Car Allowance
- Trip Interruption Coverage
- Hybrid Battery Coverage
Contact us at (800) 321-8570 to learn more about MBP!
Other Insurance Options
As your local financial institution for more than 70 years, Zeal Credit Union is proud to partner with insurance organizations that provide a variety of insurance options to meet your ever-changing needs. Click below to navigate directly to more insurance options:
- Accidental Death & Dismemberment (AD&D)
- Hospital Accident Insurance Plan (HAP)
- Hospital Indemnity Insurance Plan (HIP)
- TruStage™ Life, Home, and Auto Insurance
- Members Home and Auto (MH&A) Insurance Options
- The Family Security Plan® Insurance Options
- Dental Insurance with United Concordia
Click below to navigate back up to the selected program:
Depreciation Protection (DPW)
Guaranteed Asset Protection (GAP)
