In a payment card industry first, Clements Worldwide and the State Department Federal Credit Union (SDFCU), have teamed to offer a credit card-based term life insurance program.
The innovative program is available through SDFCU’s debit and credit cards, and enables its members to easily obtain guaranteed life insurance coverage valid around the globe, including high-risk locations. Uniquely, the initiative offers protection in the event of war, terrorism and political violence and can offer a stopgap to supplement other plans.
Clements Worldwide, a provider of international insurance solutions, leveraged its extensive global underwriter network to custom-design the life insurance product, thereby eliminating a complex and often burdensome application process.
Accordingly, SDFCU members can now conveniently obtain competitively-priced, comprehensive term life insurance created to meet their specific needs by simply visiting the program’s dedicated website.
With $1.3 billion in assets, SDFCU serves over 66,000 members worldwide.
Founded in 1947, Clements offers international car, property, term life, health, specialty and high-risk insurance in over 170 countries.
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