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Insurance Protection

Mechanical Breakdown Insurance

Are you tired of those high-cost Vehicle Extended Warranties from dealers & manufacturers? Then check with your credit union regarding an AFI Management Company, Inc. Automotive Premium Value Protection Plan. Generally, the plans available through AFI Management Company, Inc. provide similar coverage to the dealers/manufacturer's plan, but can be obtained for significantly less—in some instances hundreds of dollars on an extended warranty. These warranty plans are issued by AFI Management Company, Inc., and may be included in the vehicle financing provided by the Midsouth Federal Credit Union.

The Automotive Premium Value Protection Plan provides you with the following features and benefits:

• Nationwide protection
• Available on both new and pre-owned vehicles
• 24-hour roadside assistance for the term of your contract
• Rental vehicle assistance
• Tire road hazard protection and trip interruption for the term of your contract
• Transferable coverage if you sell your vehicle before your contract expires
• Fully insured program
• Direct payment to repair facility
• One deductible per visit
• Increased resale value
• Our claims adjusters are certified by the National Institute for Automotive Service Excellence

To learn more about MBI plans contact us.

MEMBER'S CHOICE™ Borrowers Security

Payment Protection: Part of a Complete Loan Package

For just pennies a day, MEMBER'S CHOICE™ Borrower Security helps protect your dreams, and safeguard your family from a financial nightmare. MEMBER'S CHOICE™ Borrower Security from MidSouth Federal Credit Union is a voluntary debt cancellation product that cancels your loan payments for a specific time period, up to the agreement maximum.

Benefits Include:

• Protects your credit rating and collateral
• No health question
• Simple eligibility requirements
• Fast, easy enrollment
• Immediate protection for eligible borrowers
• Convenient-cost is included in your loan payment

Protection Plans Available*
Consumer Loan Protection
Home Equity Plan
Credit Card Plan

Consumer Loan Protection**

• Can protect up to two borrowers
• Package options can include life, transitional life, disability and involuntary unemployment
• Loss of Life : Cancels your loan balance up to $50,000 in the event of death.
• Transitional Loss of Life : Makes your monthly loan payment for up to 12 months or $12,000 in the event of death
• Disability :

Option 1: Makes your monthly loan payments for up to 36 months or $36,000
Option 2: Makes your monthly loan payments for up to 12 months or $12,000

• Involuntary Unemployment : Makes your monthly loan payment for up to 6 months or $3,000

Home Equity Plan **

• Can protect up to two borrowers
• Package options can include life and disability
• Loss of Life :
  • If single coverage, cancels your loan balance up to $100,000
  • If joint coverage, cancels your loan balance up to $50,000
• Disability :
  • If single coverage, cancels your monthly loan payment for up to 12 months or $12,000
  • If joint coverage, cancels your monthly loan payment for up to 12 months or $6,000

Credit Card Plan**

• Can protect up to two borrowers
• Includes transitional life, disability and involuntary unemployment
• Transitional Life: Cancels your monthly loan payment for up to 12 months or $12,000
• Disability : Cancels your monthly loan payment for up to 12 months or $12,000
• Involuntary Unemployment : Cancels your monthly loan payment for up to 6 months or $3,000.

* This is a summary of our Payment Protection program. Enrollment in the program is voluntary and not required to obtain a loan. MEMBER'S CHOICE™ Borrower Security, is a debt cancellation product available through MidSouth Federal Credit Union. Please contact your MidSouth loan representative, or refer to a Member Agreement for the additional information on benefit maximums, eligibility, and limitations.
** Events occurring on or after the age 70 are not protected.

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