Group credit life disability insurance is available on a member-pay basis on other types of loans. The provider of this coverage is Benefit Consultants, Inc. AEDC Federal Credit Union pays the premium for this basic coverage as long as the Member maintains their account with us and for as long as we sponsor the plan.
Additional coverage is available for Members who wish to purchase it at affordable group rates.
Long Term Preferred Care Insurance AEDC Federal Credit Union also makes available to Members a long-term care insurance program. The provider of this coverage is Long Term Preferred Care. Our program offers all Members age 55 and over valuable information on long-term care and how to pay for it. The insurance is designed to offset the high costs associated with care provided outside the hospital, such as home care or nursing home care. Because statistics indicate that almost half of all people in the United States over age 65 will spend some time confined in a nursing home, AEDC Federal Credit Union makes this insurance coverage available to assist Members in protecting themselves.