Insurance 

Accidental Death and Dismemberment (AD&D) Insurance

• LorMet members, age 18 and over, have the opportunity to obtain basic $1,000 AD&D coverage - at no charge!  To claim your $1,000 no-cost coverage, request an enrollment form at any branch location.  
• Choice of Benefit Amounts: In addition to the $1,000 pre-paid coverage, eligible members may choose to purchase from $10,000 to $500,000 of AD&D protection.  For your convenience, your premium will be automatically deducted from your share account.
• AD&D coverage is underwritten by CMFG Life Insurance Company.

Guaranteed Auto Protection (GAP) Insurance

• At minimal cost to LorMet members, GAP coverage protects you financially if your vehicle is totaled or stolen. 
• GAP insurance covers the difference between your loan payoff and your primary insurance company settlement.*
• Your loan balance may be paid in full (including your insurance deductible up to $1,000.) 
• GAP clears your loan balance, allowing you to start fresh with a new vehicle purchase.  
• Contact the Loan Department at 440-960-LOAN (5626) for more information.

Credit Life Insurance

• Designed to reduce or pay off your eligible loan if you die before the loan is repaid, adding loan protection insurance is easy and affordable for LorMet members. 
• Contact the Loan Department at 440-960-LOAN (5626) for more information.

 

*Certain restrictions may apply.