Insurance

Wanna’ save money? Then, think of this – you probably just had a skinny grande latte for the third time this week, but when was the last time you compared your insurance? As a member, First Entertainment can help you compare rates from over 30 different insurance plans identified as having the most competitive prices and best service in California. We think it’s time you checked. Our insurance partner, Armstrong & Associates Insurance Services specializes in finding the best coverage at the lowest possible rates and an agent is conveniently located in our Main Office (Hollywood branch) on Forest Lawn Dr. You can also reach them directly at 323.845.4489

Do You Already Have Mercury Insurance?

Our on-site agent in our Main Office (Hollywood branch) is available to service your insurance needs. Just complete this Broker of Record Form, email or fax to us and we'll contact you soon!

>> CLICK HERE FOR FREE ONLINE INSURANCE QUOTES

>> CLICK HERE FOR FREE ONLINE HOMEOWNERS INSURANCE QUOTES

Special insurance programs for First Entertainment members include:

Auto
Home
Renters
Trailers
Mobile Home
Motorcycles
Boats
Personal Watercraft
Business
RVs

Enjoy big savings with special discounts like these:

Multi-Policy – up to 20% discount
Multi-Car – up to 30% discount
Select Professionals Group Discount – up to 15% discount
Good Driver – 20% discount
Good Student – up to 25% discount
Persistency – up to 20% discount
Mature Driver – up to 20% discount

Save money for the things you really want. Let First Entertainment help you find better rates on insurance today!

Auto & Homeowner's Insurance

Lightning rarely strikes twice, but it does strike most of us at one time or another. When’s the last time you checked your auto or homeowners insurance? Do you have the coverage you need? FREE, no obligation Auto & Homeowners Insurance quotes are available to members – just call (323) 845-4489. Zap!

A Note About Additional Collateral Protection Insurance

If you've received a letter from the credit union regarding additional Collateral Protection Insurance for your existing First Entertainment loan, please click here.

Personal Insurance (Life, Long-Term Care, Disabilty)

Put simply, this is financial security for beneficiaries upon the death of the policyholder. Here's a primer on the four basic types:

Term

Term life insurance covers policyholders for a fixed span of time. It costs less than other life policies for everyone except the very advanced in age. There are two types of premiums: level term and annual renewable. Level-term premiums remain constant throughout the life of the policy and can be bought in increments up to 30 years, while premiums for annual renewable increase as you age. Ordinarily, level premiums are higher than renewable premiums in the early years of the policy and lower in the later years. See our insurance specialist to find out more about the term life policies available to you as members.

Whole

Whole life combines term insurance with an investment component. A whole life policy has two elements: the mortality charge, the part of your premium that pays for the insurance coverage, and a reserve, the investment component that earns interest. As you age, the portion that goes into the reserve decreases while the portion that pays for the mortality charge increases.

The cash surrender value (which is also called the cash value) is what you'd get if you cashed in your policy. If you decide to give up your policy, your cash surrender value can be paid in cash or paid-up insurance. See our insurance specialist to find out more about the whole life policies available to you as members.

Universal

Universal life, like whole life, combines insurance with savings. The savings component, called an accumulation fund, earns interest monthly and is used to pay the mortality charge. As long as you pay enough to maintain the mortality charge, you can skip adding to the accumulation fund if money is tight. And if you contribute enough to the accumulation fund in the policy's early years, it can generate income to pay your premium in later years. See our insurance specialist to find out more about the universal life policies available to you as members.

Variable

Variable-life insurance combines a mortality charge with a savings vehicle that is usually one of several investment portfolios that are structured like mutual funds. There are two basic types of variable life. One demands a fixed premium payment. The other, variable-universal life, has a flexible premium like universal life. Remember, though, that variable returns can fluctuate with the financial markets. See our insurance specialist to find out more about the variable life policies available to you as members.

Long-Term Care Insurance

Long Term Care Insurance has been around in one form or another since the early days of Medicare. The policies during this time bear little resemblance to today's policies. While early Long Term Care policies were similar to a basic Medicare supplement policy, today Long Term Care insurance has evolved and typically covers a broad range of services including nursing home care, assisted living facilities, adult day care and home care. Like any insurance product, Long Term Care insurance allows the insured to pay an affordable premium to protect an unaffordable catastrophic event.

Many people elect to buy long term care insurance so they will not need to deplete their savings should they need long term care services. Long term care insurance can help ensure that financial resources and support are in place when you need them.

Disability Insurance

Disability insurance replaces a portion of your income if you become disabled and are no longer able to work. A typical group plan offered by an employer will replace up to 60% of your salary. Supplemental plans and individual policies will often cover up to 70% or 80%. Benefits typically last for a set number of years or until you reach retirement age. If you personally pay the premium benefits are tax free.

Accidental Death & Dismemberment

As a First Entertainment member, 18 yrs. and older, you’re eligible for $2,000 of accidental insurance coverage provided at NO COST to you. To qualify for this free coverage, you simply complete a coverage enrollment form and keep it on file at First Entertainment. Then, an individual Certificate of Insurance will be sent out to you within 30 days of enrollment to verify your coverage.

Additional coverage is available at $1.50 per month, per $10,000.00 of coverage, up to a maximum insured amount of $250,000.00.

For complete details about this benefit and/or to have an enrollment form sent to you, please call (800) 252-2148, between 6 am and 6 pm weekdays.