Insurance isn’t just about planning for life’s worst-case scenarios. Insurance is your financial plan’s safety net – having the right insurance at the right amount protects you and your family from unforeseen events and provides a baseline financial cushion.
From finding a policy that fits your budget to making sure your coverage is adequate, dependable insurance can give you peace of mind today and financial relief when you need it.
To make a smart insurance purchase decision it helps to have a basic understanding of what insurance does and of the different kinds of insurance available.
LIFE INSURANCE
If you were to die, would your family struggle to pay for your funeral, the mortgage, or daily living expenses? If you answered yes, you need life insurance.
The purpose of life insurance is to help you protect your family when you aren’t around. It pays a “death benefit” that they can use to cover funeral expenses, mortgage payments, car payments, and other monthly bills. Or it can help with big, long-term expenses, like your kids’ education.
Read more about the best time to get life insurance and the various types here.
AUTO INSURANCE
Most of us know that we’re required to have auto insurance. But did you know that it’s also an important part of your financial plan? Auto insurance protects you financially by paying the other driver’s car repair and medical bills if you cause an accident. Depending on the kind of coverage you have, it can also pay to repair or replace your car if it’s damaged or stolen.
Texas law requires drivers to show proof they can pay for the accidents they cause and most drivers do this by buying auto liability insurance.
Before buying auto insurance, it is important to understand the types of insurance available and what they may cover. Read this article to unlock the secret to the right auto insurance.
AD&D INSURANCE
What is accidental death and dismemberment insurance? Watch this video to find out how AD&D Insurance is different than life insurance and how it could make a big difference if there’s a loss of income in certain accidental scenarios.
HOMEOWNERS INSURANCE
Homeowners insurance is an important policy to have because it can give you financial recourse if your home or property is damaged, stolen, or destroyed. Many homeowners decide on a policy, factor it into their monthly budget, and forget about it.
But even if you shopped around to get the best deal when you first purchased your house, it doesn’t mean your company still offers the best price. Experts recommend that you should shop your policy every year or two.
Read this article for 12 ways you could lower your home insurance costs!
RENTERS INSURANCE
If you’re a renter, your landlord’s insurance covers only the building, not your possessions. Without insurance of your own, you could be left to cover all fire or burglary expenses yourself.
Renters insurance protects your belongings from loss, damage, or destruction following things like burglaries, fires, tornadoes, and other covered events. Plus, renters insurance also protects your liability (and your money) if someone is injured at your rental home or apartment.
Renters insurance is affordable so learn more here.
Members Trust Can Help
Because insurance plays such an important role in your overall financial plan and security, Members Trust partners with TruStage Insurance to provide our members with affordable insurance solutions. Backed by more than 80 years of working with credit unions and their members, you can count on TruStage to help protect what matters most—with products and programs for life, car and home, accidental death and dismemberment, and more.
Request a quote or explore your options at TruStage.com.