2013 NAFCU Services Innovation Award Winner
One Hundred and Ten Percent: Our Promise to You
Going above and beyond, giving it our all, burning the midnight oil. Call it what you will. At Securian we call it a day at the office. That's because we never stop working for you. From custom design, to program implementation and ongoing support, Securian and its affiliates have been faithfully serving credit unions for over half a century.
We're also among the most respected. Securian is the exclusive NAFCU Services Corporation "Preferred Partner" for credit insurance and debt protection products. In addition, we have earned some of the highest ratings in the country for our financial strength and claims paying abilities.
Our financial strength, however, is just the start. At Securian we have the people, products and processes in place to solve many of the fee income challenges you may face. You can rest assured knowing you have a partner who has the experience to deliver on its promises whatever the situation.
Products and Services
With over 625 credit insurance clients nationwide, Securian is recognized as a leader in the industry. We offer traditional credit life and disability insurance programs, as well as an enhanced array of new features to best meet your income and member/asset protection needs.
Securian offers a full array of credit insurance benefits:
Credit Life Insurance reduces or pays off the insured balance on a loan if a borrower dies.
- Full Term Life provides a benefit up to the full term of the loan.
- Truncated Term Life* provides protection for a term of insurance that is less than the term of the insured loan.
Credit Disability Insurance pays the loan payments (up to the contract limit) if a borrower becomes ill or disabled and is unable to work.
- Full Term Disability provides a benefit up to the full term of the loan.
- Critical Period Disability* provides a benefit limited to a specified maximum number of payments (for example a maximum of 12 months per occurrence).
- Shared Disability* is a form of joint disability where two borrowers are each insured a percentage share of the monthly and total benefit amount.
*In approved states
Leading the way with this innovative product, Securian has earned the business of over 190 debt protection clients nationwide. We were one of the first to market with our consumer debt protection programs, and we continue to pioneer new applications for this flexible protection.
Securian is committed to partnering with your credit union to design and implement successful programs. And we are one of few providers who will work with to you structure complete, combination (paired with an already successful credit insurance product) or a la carte (adding ancillary protection) programs. Whatever your debt protection need, Securian has the solution.Securian offers an extensive selection of debt protection programs for all of your lending portfolios:
- ConsumerSafe Debt Protection for personal/consumer loans.
- EquitySafe Debt Protection for home equity loans and HELOCs.
- HomeSafe Debt Protection for first mortgage loans.
- EverSafe Debt Protection for all loan types.
- CreditSafe Debt Protection for credit card accounts.
- AutoSafe Debt Protection for indirect and direct auto loans.
- VentureSafe Debt Protection for commercial and agricultural loans.
- Custom Programs for unique business needs.
Recent product innovations only from Securian In response to credit union and member demand, Securian has developed the following debt protection solutions designed specifically to cover involuntary unemployment:
Debt Protection Auto Expense provides credit union members with additional security in the event of a major unexpected auto expense. The auto insurance deductible benefit cancels one loan payment up to $500 in the event of an accident where a deductible payment is made. This coverage allows the borrower to use dollars that would have been used for a loan payment instead for the auto expense, keeping a loan current in a circumstance where there might otherwise be an issue. In addition, the solution also generates revenue for the credit union. The coverage is available for both new and used automobiles.