In a world full of uncertainties, it’s incredibly important to be protected against loss and financial liability. We can help you protect your family, financial status, and credit rating with a variety of affordable and beneficial insurance programs.
Member Advantage Insurance Service (MAIS)
MAIS is your Credit Union owned insurance provider. We offer competitive pricing from dependable insurance companies such as Allied, Mercury, Travelers, Progressive, Hartford, Civil Service Employees Insurance Group, and many more. Get coverage for auto, home, motorcycle, RV, watercraft, business, commercial property and life.1
Our licensed agents work with individuals, families, and businesses throughout California and Nevada – providing information, guidance, and support before, during, and after the insurance purchase process. Visit our Member Advantage website for more information and a free quote.
Mechanical Breakdown Protection (MBP)
The average family drives 18,000 to 20,000 miles per year. At this rate, a manufacturer’s warranty is exhausted in less than two years. It just doesn’t make sense to purchase a vehicle without this coverage. And, we can offer you significant savings over buying it from the dealer.
Most auto insurance policies cover “replacement value” only, if your vehicle becomes a total loss as the result of an accident or theft. GAP insurance can cover the “gap” between what you may owe on the vehicle and its actual replacement value. So let’s say you purchase your vehicle for $26,995. Plus taxes and fees, it comes to around $30,000, and you finance the full amount. However your vehicle’s replacement value is only $24,000, which is the amount your insurance company will pay you. You’ll still have a $6,000 debt left to pay - and nothing to show for it, since the car is no longer yours. GAP insurance will pay your remaining loan balance off completely, plus they’ll put $1,000 toward a new car financed through the Credit Union!
Accidental Death & Dismemberment (AD&D)
AD&D gives you the confidence of knowing your loved ones will be financially secure in the event of your accidental death or dismemberment. The first $1,000 of insurance coverage is complimentary, and you may purchase additional coverage of up to $300,000 for only pennies a day.
Often referred to as payment protection or debt cancellation, it’s designed to protect your family and your estate if you pass away, become disabled, or are unemployed for a period of time. Coverage is surprisingly affordable and can provide you and your family with peace of mind that’s priceless.
1Insurance products and services are offered through Member Advantage Insurance Services, a licensed insurance agency/broker. Products offered through Member Advantage are not guarantees or obligations of SCE Federal Credit Union. Individual representatives are licensed with the California Department of Insurance and are employees of Member Advantage Insurance Services directly or indirectly. SCE FCU has contracted with Member Advantage Insurance Services through an administrative services agreement to provide insurance products and services to SCE FCU members.