Anyone Get This From Cit ? Whats The Catch

Djbobo2000 | Apr 6, 2025 | 62 posts since 2022

One of the many benefits of being a CIT Bank customer, age 18 or older, is that you are eligible to receive this $1,000 no-cost, accidental death and dismemberment insurance provided by Minnesota Life Insurance Company.

You can receive this coverage without having to pay, print, or mail in anything. Visit our AD&D page for more details.

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Answers

racecar | Apr 7, 2025 | 616 posts since 2014

"Dismembership insurance" -- what every Alliant member needs, seeing as Alliant "dis-members" some of their members each Feb/March...

GreenDream | Apr 7, 2025 | 358 posts since 2019

Hadn't heard of it from CIT before, but this article might help you understand what the catch is
https://www.latimes.com/business/la-fi-lazarus-20150424-column.html

cactus | Apr 7, 2025 | 28 posts since 2023

That is a great column. Exposes the entire game. “The Internet highway is littered with consumer complaints about unauthorized deductions for AD&D policies people didn’t remember requesting and didn’t know they’d been paying for,”

Ally6770 | Apr 7, 2025 | 4,290 posts since 2010

Most credit unions have them. They will send your policy number and a phone number.
I call the number every 2-3 years to see if they are still good. Some are dated as far back of the early 1990's and I am no longer a member but they are good. They are just accidental death etc. But my husband was in a bad accident in 1984 you never know when it can happen. Just don't sign anything and you can't be charged.
Last time I called I still had near 30 that are still good. If my husband or were killed accidently- - - I think it drops down in benefits at 50% at 70 or 80.

Djbobo2000 | Apr 9, 2025 | 62 posts since 2022

thank you for the info

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