Affinion Group and Larry N. Walters Insurance Administrator

We offer Credit Unions two programs to choose from. Both are highly rated companies offering different benefits, based on the individual needs of the Credit Union.

Affinion

Affinion was founded in 1972 to help credit unions provide financial security to their members with our innovative Accidental Death and Dismemberment (AD&D) insurance program. Since then, Progeny has become one of the world's leading providers of AD&D insurance for customers of financial institutions.

Today, AD&D insurance remains at the heart of our business, but now it's part of a more comprehensive Member Protection program, which Progeny developed in response to the changing needs of financial institutions. Nearly 10 million credit union members enjoy peace of mind due to the coverage they receive from our diverse line of direct-response insurance products.

In 1986, Affinion became an affiliate of Cendant Corporation, a global leader in business and consumer services. Through our affiliation with Cendant, Progeny gained access to a wide range of unique consumer products and services, which we bundled into an exclusive Cendant Credit Union Program. Designed to attract and retain members, the Cendant Credit Union Program provides value-added benefits to members through their checking account.

Larry N. Walters Insurance Administrator, Inc.

The AD&D Insurance program offered through LNWIA includes a unique feature--a Return of Premium Benefit--designed to enhance your credit union’s existing AD&D insurance program by adding a benefit members understand and appreciate.

This program is underwritten by AIG, an AM Best’s A-rated (Excellent) insurance carrier, and is administered by Larry N. Walters Insurance Administrator, based in Oceanside , CA and serving credit unions since 1984.

The Return of Premium benefit works like this: Upon receipt of proof that a member died from any cause, natural or accidental, we will return all premiums paid to GTL for his or her coverage to the named beneficiary. If the Family Plan is selected and the spouse should die, all premiums paid for the spouse’s coverage will be returned to the member. The Return of Premium benefit will be paid in addition to any other benefit payable under the policy.

In most cases credit unions are able to offer this benefit without changing members’ existing rates and benefits for Voluntary Coverage! Increasing benefits without changing rates sends a strong message to members of the value of their credit union’s program.