Credit life takes care of payments

When Ralph Fiebig’s wife Mary retired, the couple decided that taking a bigger pension payment instead of more benefits seemed the right thing to do. After all, any bit of extra income helps.

But when Mary passed away last year, so did her pension income. That left Ralph with a mortgage, car payment, and Visa payment. Luckily, The Fiebigs decided to opt for credit life on both their auto loan and Visa card with American 1 Federal Credit Union.

“Everything was taken care of,” Ralph says. “I didn’t have to worry about my car payment or my Visa payment anymore.”

Because Ralph and his wife put credit life insurance on both loans, a total of $11,000 was paid off in full after Mary died. Now, with Ralph facing more medical costs and less income, paying off his auto loan and Visa balance leaves him with two less things to worry about.

He says credit life isn’t that expensive, and pays for itself when the unexpected happens.

“And I was surprised and how smooth it all went,” Ralph says. “It wasn’t a bunch of haggling and phone calls. I just went to the branch and they took care of everything for me.”

Ralph now has his own American 1 Visa, and he chose credit life on that card, too, so his children won’t be burdened when he dies.

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