RRCU Financial Services – Life Insurance
Prepare for your future and ease your mind today
Protect your FAMILY and their FUTURE
If you’re looking for reasons to purchase a life insurance policy. It’s simple, a life policy can provide a substantial cash benefit to the survivors to replace your lost income. It can pay off large debts such as mortgage/business/student/auto loans and credit card debt. Help pay final expenses such as a burial and cremation costs. Help leave your family with a peace of mind in a time of personal tragedy.
Insurance FAQs
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How long does it take to get my insurance quote?
RRCU Financial Services will do its best to provide a same-day quote if all required information is provided.
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How much life insurance do I need?
Depending on a variety of factors the amount of coverage you need may differ from that of other people. In the event of your death, the amount should be enough to cover your family’s expenses, such as mortgage and bills, in the future.
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Will there be any consequences if I forget to pay my premium on time?
There are two possible outcomes if you fail to pay your premium on time. Term policies usually have a 30-day grace period, in which you can pay your premium without any interest or penalty charge. However, if it’s a permanent life policy, then you can tell your insurance company to deduct the premium from the cash value accumulated.
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What happens if your designated beneficiary dies before you do?
If your designated beneficiary dies before you do, your contingent beneficiary can get the lump-sum. Your estate goes through the probate process if there’s no contingent beneficiary for the death benefit.
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What’s the difference between life policy and a final expense policy?
Life insurance policy can cover an individual, married couple, and can at times, provide coverage for children as well. Whereas, a final expense policy simply offers coverage for multiple people, usually a family, on the event of their death.
Email RRCU Financial Services
Call RRCU Financial Services
903-735-3016
4405 Summerhill Rd, Suite 2, Texarkana, TX 75503
* Insurance offered to Red River Credit Union members through Red River Member Service Group, LLC dba RRCU Financial Services is a wholly owned subsidiary of Red River Employees Federal Credit Union. Financial services and insurance products are available to credit union members, but not provided by or guaranteed by Red River Employees Credit Union.