Radius Credit Union works with CUMIS, a Division of Co-operators Life Insurance Company, to offer our members insurance benefits on their loans & mortgages. Adding loan insurance when borrowing provides you with the peace of mind knowing that your loan commitments will never become liabilities for your loved ones.
Single Premium Loan insurance is paid once, upfront at the time the loan is approved and based on the loan amount. Monthly premium loan insurance is available for lines of credit, quick loans or student loans and the premium is paid monthly based on your balance.
Creditor’s group insurance is optional and is underwritten by Co-operators Life Insurance Company. Supporting services, such as enrolment intake, medical underwriting and claims administration, are provided by the employees of CUMIS Services Incorporated, a subsidiary of Co-operators Life Insurance Company. Coverage is governed by the terms and conditions of the creditor group insurance policy issued to the creditor and is subject to terms, conditions, exclusions, and eligibility requirements. See the Product Guide and Certificate of Insurance for full coverage details.
To contact CUMIS, please visit www.cumis.com or call 1-800-263-9120. Individual circumstances may vary. You may wish to contact the licensed insurer’s representative or a licensed insurance agent if you need advice about your insurance needs.