At Coastal Credit Union we care about ensuring that you, your family and your business are ready to handle anything life can throw at you. Because of that, we strive to bring you the best coverage for Life, Disability, Long-Term Care insurance and more. We shop the market so you don’t have to and can consult you on the best coverage for your need. Whether you are a new family looking to buy your first policy, a business owner looking to update your buy/sell agreement, or you are interested in passing along your hard earned estate to the next generation, we can help.
Life Insurance
Do I need Life Insurance?
If you have family, or someone who depends on you financially, the answer is probably ‘yes.’ Life insurance helps protect your loved ones, no matter what. Whether the money is used to replace your income, cover funeral expenses, pay off debt, or provide for educational expenses, life insurance gives your family financial security when they need it most. Having the right life insurance is essential to planning for your present and future. Not only can it provide financial protection for your family after you are gone, many life insurance options offer other benefits and investment opportunities you can take advantage of while you are living.
Term Life Insurance
It is a cost-effective form of life insurance offering coverage for a specified period of time. This type of policy may allow you to convert over to a permanent policy should your needs change down the road. Term Life Insurance may be an option for you if:
- You are looking for an affordable life insurance option that provides maximum coverage.
- Your protection needs include paying for large expenses such as your child’s education or a mortgage.
- You want to purchase an additional supplement policy to your existing Permanent Life Insurance policy.
Permanent Life Insurance
This type of policy covers you throughout your lifetime. Permanent Life Insurance includes Whole Life, Universal Life and Variable Universal Life. It may be an option for you if:
- You want to purchase coverage that will not expire as you get older, and last you throughout your entire lifetime.
- You like the benefit of building cash value with your Life Insurance policy.
- You like the idea that your premiums will stay at a flat rate and will not increase throughout your policy.
- You like flexibility in the options available to you.
Connect with an Advisor
We will contact you within one business day.
Or call us at 919-882-6655
Long-Term Care
Coastal has partnered with top carriers in the LTC industry to help you protect your financial assets and preserve your lifestyle with proper planning.
So we may help you understand long-term care insurance, please take the opportunity to sit with one of our financial advisors to review your individual financial plan and explain the different types of coverage.
Already have an existing long-term care policy? With constant updates to long-term care insurance products, we will review your LTC policy to make sure it is still on track for coverage you are planning for.
- Long-term care insurance should be a part of your financial plan – it is one of the largest threats to your retirement.
- Medicare provides very limited coverage of most long term care costs, in many cases, none at all.
- The average cost of nursing home care is currently $83,000 a year in this area.
- Long-term care insurance is the only coverage designed to help pay for extended home care, assisted care, and nursing home care.
For general information, visit www.longtermcare.gov
For additional and individually designed LTC plans, please contact a CFS Financial Advisor.
Accidental Death & Dismemberment
Another Credit Union Membership Perk: $1500 of TruStage® Accidental Death and Dismemberment Insurance Coverage at No Cost.
One of the nice benefits of your credit union membership is a no-cost TruStage Accidental Death and Dismemberment (AD&D) insurance policy from CMFG Life Insurance Company. AD&D coverage pays you or your loved ones a cash benefit after an accident results in a covered injury or loss of life due to an accident.
To receive $1500 of AD&D coverage at no cost or obligation, all you need to do is claim it.
In addition to your no-cost coverage, you may want to consider strengthening your protection with higher levels of AD&D insurance. Why? Because $100,000 in coverage can cost about $10 a month**—which can be an affordable way to help protect your family from the lasting impact of an accidental death or serious, permanent injury. And, acceptance is guaranteed. There are no medical questions or health exam.
Don’t miss this opportunity to take advantage of your credit union membership. Sign up now for your no-cost or additional AD&D insurance protection.
TruStage® AD&D Insurance is offered by TruStage Insurance Agency, LLC and underwritten by CMFG Life Insurance Company. The insurance offered is not a deposit and is not federally insured or guaranteed by your credit union.**AD&D insurance costs between $10 & $15 per month for 100k of coverage. AD&D Base Policy Series E10-ADD-2012 and E10a-014-2012
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Property & Vehicle
TruStage® Auto & Home Insurance Program
Designed for credit union members like you, the TruStage® Auto & Home Insurance Program provides affordable top-quality protection. You could enjoy discounted rates combined with online convenience and 24/7 claims service.
Get your free quote online today or call 1-855-589-2146.
TruStage® Auto & Home Insurance Program is made available through TruStage Insurance Agency, LLC and issued by leading insurance companies. To the extent permitted by law, applicants are individually underwritten; not all applicants may qualify. Discounts are not available in all states and discounts vary by state. A consumer report from a consumer reporting agency and/or motor vehicle report will be obtained on all drivers listed on your policy where state laws and regulations allow. Please consult your policy for specific coverage and limitations. The insurance offered is not a deposit, and is not federally insured, sold or guaranteed by your credit union.
© TruStage Insurance Agency
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Accident & Health
Disability
Protect your paycheck! An average long term disability claim lasts 34.6 months. Could you support your family for that long without a paycheck? Talk to an Advisor today about how to protect your income.
Medicare Supplement
Medicare won’t cover all of your health care costs in retirement. With all the information that is out there, we are here to help you navigate through it all.
Individual Health Insurance
Let us help you explore the gamut of affordable, customized insurance options designed to fit your individual budget and your family’s needs.
For additional information on these products, click here to contact one of our CFS Financial Advisors.
Life Insurance Policy Review
If you realized the importance of life insurance and purchased a policy as part of your financial plan, you should realize how important it is to review your coverage on a regular basis. Determining if you are carrying the right amount of life insurance is likely to fluctuate at different times in your life so a review can help determine whether your goals and current coverage are still aligned. If you have had a life-changing event recently, or if you are not sure that your beneficiary designations are up to date, you can have your policies reviewed by an advisor at Coastal.
Life changing events include:
- A change in marital status
- Change in home ownership, including refinancing, purchasing a new or second home
- A death in the family
- Change in financial status, including a new job, increase/decrease in pay, loss of income
- Retirement
- Birth or adoption of a child
- College expense planning
- Charitable giving
- Estate Planning
- Moving into a nursing home/in-home care
- Taking care of elderly parents
- Taking care of a special needs child
- Ownership of a business
Please contact a CFS Financial Advisor.
We offer insurance policy reviews to our members at no cost. In addition, you are not obligated to purchase insurance. An insurance policy review may indicate that your insurance policy should remain the status quo. If the policy is performing as intended, we will recommend you continue to review it on a regular basis. If the review reveals any performance issues or challenges, your policy review report will contain specifics and we will explain what their impact might be. Your policy review report may also offer options to address the specific challenges uncovered by the review. Your advisor can assist you in exploring those options.
*Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CFS”), a registered broker-dealer (Member FINRA / SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. Coastal Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members.
CFS representatives do not provide tax or legal guidance. For such guidance please consult with a qualified professional. Information shown is for general illustration purposes and does not predict or depict the performance of any investment or strategy. Past performance does not guarantee future results.