Finding the Right Life Insurance Through SchoolsFirst Federal Credit Union

Life insurance is an important part of financial planning, yet many people put off getting coverage or don’t have enough. That’s where SchoolsFirst Federal Credit Union can help. As a member-owned, not-for-profit credit union, SchoolsFirst offers affordable life insurance options to fit your budget and needs.

Why Life Insurance Matters

No matter your age or income, if you have people depending on you financially, you need life insurance. It can:

• Replace income to pay expenses if you pass away. This provides security for your spouse, children or other dependents.

• Pay off a mortgage or other debts so your family has fewer burdens

• Fund college for your children or grandchildren.

• Pay funeral costs so your family isn’t stuck with unexpected expenses.

• Equalize inheritances if you have a blended family. Life insurance allows you to provide for children from a previous marriage.

• Replace retirement savings and pension benefits your spouse would have relied on.

• Fund a charity or cause you care about through the death benefit.

Even if you already have some coverage, it’s smart to review your policy regularly. Life changes like marriage, divorce, kids, new job, retirement, or aging parents can all impact the amount and type of life insurance you need.

SchoolsFirst Life Insurance Options

SchoolsFirst offers access to life insurance policies from highly-rated insurance companies. Options include:

Term life insurance – This covers you for a set period of time, such as 10, 20 or 30 years. It’s the most affordable way to get a large amount of coverage. You choose the length of the term and the death benefit.

Return of premium (ROP) life insurance – Similar to term insurance, but if you outlive the term, you get the premiums back. So it’s not just gone forever like with basic term life.

Whole life insurance – Provides lifelong coverage as long as you pay the premiums. It builds cash value that you can borrow against. Premiums are guaranteed not to go up.

Universal life insurance – Offers lifelong coverage with flexible premiums and death benefit amounts. You can adjust these as your needs change. It builds cash value like whole life.

Variable universal life insurance – Similar to universal life, but some premiums are invested so cash value can grow more over time. This allows the death benefit to potentially grow larger.

Accidental death and dismemberment (AD&D) insurance – Pays a benefit if you die or suffer loss of limbs/sight due to a covered accident. It’s fairly inexpensive and supplements other life insurance.

SchoolsFirst also offers insurance exam and policy review services. This saves you time by not having to take a medical exam for coverage under $250,000. We’ll also evaluate your existing life insurance to see if it aligns with your current needs and financial situation.

Work with a SchoolsFirst Insurance Professional

The key to getting the right life insurance is working with a knowledgeable insurance agent. SchoolsFirst has dedicated insurance professionals who are fellow credit union members. They can answer all your questions and make recommendations based on your unique situation.

The SchoolsFirst insurance agents have access to policies from top providers like Mutual of Omaha, Pacific Life, Transamerica, and more. So they can compare options to find you the most suitable life insurance with maximum value.

You’ll get personalized service and advice you can trust. The SchoolsFirst insurance professionals look out for your best interests, not those of the insurance company. Their goal is making sure you have the coverage you need at a fair price.

Applying for SchoolsFirst Life Insurance Coverage

Getting life insurance through SchoolsFirst is a simple process:

1. Call for a review – Contact SchoolsFirst insurance at 800-462-8328 ext. 4116 to set up a consultation. Or email [email protected].

2. Discuss your needs – The agent will learn about your budget, desired coverage amount, dependents, debts, assets and more. Then they’ll explain the different policies and make recommendations.

3. Complete application – For term life policies under $250,000, you may just need to answer health questions. Over that amount and for other policies, a medical exam is required.

4. Get approved – It usually takes about 2-3 weeks to get approved once the application is submitted.

5. Set up payments – Premiums can be paid monthly, quarterly, semi-annually or annually. They can be deducted from your SchoolsFirst account for convenience.

That’s it! You’ll have the peace of mind of knowing your loved ones are protected financially.

SchoolsFirst Life Insurance is Affordable

As a member-owned credit union, SchoolsFirst provides life insurance at cost-effective rates. Your premiums go towards coverage, not to pad profits and overhead. Term life plans start at around $13 per month.

And you may qualify for discounts that make policies even more budget-friendly:

• Multi-policy discount – If you buy several products from SchoolsFirst

• Preferred health rate – For being in excellent health

• Bundle discount – For combining with other insurance like auto or home

• Large volume discount – For purchasing over $250,000 in coverage

• EFT discount – For setting up automatic payments from your account

Rates are also very competitive for return of premium, whole life, universal life, and AD&D insurance. You can get quotes and compare easily.

You Can Depend on SchoolsFirst

SchoolsFirst FCU has been serving school employees affordably since 1934. Now expanded to serve all Southern Californians, the credit union has grown to over $20 billion in assets and over 1 million members.

SchoolsFirst life insurance comes with the backing of this stable financial institution. Your coverage is there when you need it.

As a member, you own the credit union. Profits go back to you in the form of higher savings rates, lower loan rates, and reduced fees. Plus, SchoolsFirst invests back into the local community.

You’ll benefit from personalized service from the SchoolsFirst insurance agents. And you can easily manage your policy using the convenient online and mobile banking tools.

For quality life insurance at the right price, depend on SchoolsFirst Federal Credit Union. Contact us today to get started with affordable coverage.