Prestige Community Credit Union partners with SWBC Life Insurance Company
SAN ANTONIO, TX (November 4, 2014) — To better serve its members, Prestige Community Credit Union has chosen SWBC Life Insurance Company to deliver its payment protection program funded by credit life/credit disability insurance. Credit life/credit disability insurance helps fill a gap in underinsured Americans by removing the burden of specific debt if something unexpected happens to the borrower or co-borrower.
“We believe our payment protection products provide a tremendous benefit to the borrower and the family,” says Joan Cleveland, President & CEO of SWBC Life Insurance Company. “It’s peace of mind knowing that their credit union is able to pay off their loan in the event of death, or that payments are being made on their behalf in the event of disability.”
“We have worked with SWBC with other financial products in the past, and we are excited to partner with SWBC in offering credit insurance to our members,” says Sammy Shanafelt, President & CEO of Prestige Community Credit Union. “SWBC is a very well respected company within the credit union industry, and we know that our members will be very satisfied with their level of service.”
Members of Prestige are now eligible to get a quote and purchase credit life or credit disability insurance when applying for credit products. Prestige members will experience a truly seamless integration, designed to deliver superior service to their borrowers.
About SWBC Life Insurance Company
SWBC Life specializes in the payment protection arena, underwriting and reinsuring credit life and credit disability coverage. SWBC Life also reinsures group life insurance contracts with various carriers. SWBC Life is rated B++ by A.M. Best. SWBC life products protect families by helping pay their expenses and provide income after death. In addition to writing credit life/credit disability insurance, SWBC also offers life insurance products and services through its wholly owned subsidiary, SLIC Insurance Agency, LLC. These products include simplified issue term life, accidental death & dismemberment, hospital accident protection, guaranteed issue whole life, home warranty plans, disaster recovery plans, mortgage accidental death coverage, and pet insurance.
Headquartered in San Antonio, SWBC is a diversified financial services company providing a wide range of insurance, mortgage, and investment services to financial institutions, businesses, and individuals. With offices across the country, SWBC is committed to providing quality products, outstanding service, and customized solutions in all 50 states. For more information, visit SWBC’s website at www.swbc.com.
About Prestige Community Credit Union
Prestige Community Credit Union was established in 1936 by employees of Sun Oil Company and now serves the north Dallas area. With assets of $75 million and over 7,500 members nationwide, we continue to strive to provide quality consumer financial products delivered with exceptional member service. For more information, visit Prestige Community Credit Union’s website at www.prestigecu.org.