New York State Department of Financial Services extends grace periods for certain property/casualty insurance policies.  If you are an individual or small business and can demonstrate financial hardship as a result of the coronavirus pandemic.  
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New York State Department of Financial Services extends grace period and give you other rights under life insurance policy or annuity contract if you can demonstrate financial hardship as a result of the coronavirus pandemic.  Read more.


As we continue to monitor the spread of COVID-19 (coronavirus), the health and safety of our policy holders and staff is our top priority. Based on recommendations from the CDC (Center for Disease Control) as well as the recommendations from the New York State Governor,  SEFCU Insurance Agency has made the decision to temporarily close our offices located at 469 State Street, 3rdFloor, Schenectady and 297 Main Street, Schoharie beginning Friday, March 20th until further notice. 

This temporary closure affects SEFCU Insurance Agency offices ONLY. 

During this time of uncertainty, you can rest assured knowing that SEFCU Insurance Agency will continue to meet the needs of our customers. Agents are available by phone as well as email to service your policies, offer quotes, and answer any of your questions. We will not be staffing our offices or accepting premium payments in person.

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7 Overlooked Reasons to Consider Life Insurance

May 1st, 2018

The benefits of life insurance, including those you can enjoy during your lifetime, are sometimes overlooked. Have you considered the following uses for life insurance?

1. Marriage
A new marriage is always a logical time to purchase life insurance since there is now a sharing of both a household and finances. Perhaps new debts are acquired and coverage to leave a survivor financially secure should be considered.

2. Protection for a mortgage
f the primary income-earner of your family were to pass away, a life insurance policy could provide the funds to pay off a mortgage or the investment income to pay the monthly mortgage.

3. Chronic illness benefit
Today’s life insurance can offer funds to help cover the expense of long-term care or chronic illness.

4. Protection for children
Many first-time life insurance purchases are the result of becoming a new parent or from having more children. Having enough life insurance to pay for groceries, school expenses, and a college fund is a goal for most parents.

5. Job change
Many individuals who change jobs are faced with new benefit packages, uncertain financial security or they may simply have a greater need for asset protection and coverage. Increases in salary or loss of group insurance are reasons to review the amount of life insurance you own.

6. Family members dependent on wage earner
Your income is what will fuel the financial future for your family. Life insurance can deliver the paychecks that you would have.

7. Supplemental retirement income
The cash value of life insurance may be useful as an emergency fund or as a potential source of income during your lifetime. While also protecting your family, life insurance can serve as paychecks for you in retirement if something were to happen to you.

We’re ready to partner with your family
At SEFCU Insurance Agency, we have a passion for connecting families with the strategies they need to be financially successful. To get started, our team of experts would love to have a conversation with you. We will have an in-depth discussion about your needs and life circumstances. We will then connect you with the policy that is best suited for your and your family’s goals.

Click here for more information or to get a no-obligation life insurance quote in just minutes!

For more information or to obtain a free, no-obligation quote please call our team at 518-786-9905 or 888-250-6689 (toll free).