Worried about taking out a loan and having something unexpected happen? That is why we offer you debt protection of your loans. It helps protect your dreams and safeguard your family from financial hardship, and it protects your collateral and good credit history, all for just pennies a day.
Taking out a loan means one of your dreams is about to come true — for example, a new car, boat, or home improvement. But what happens to your dream when the unexpected happens? How can you make sure your family won’t shoulder the financial burden of making loan payments when you can’t?
Now you don’t have to worry about the unexpected because . . .
We have an optional debt cancellation program, cancels your eligible loan balance, up to the agreement maximum, should you die before paying off your loan.
In addition, if you become disabled due to a covered illness or injury, or become involuntarily unemployed, debt protection can cancel or defer your monthly loan payment, up to the agreement maximum.
With payment cancellation, both the principal and interest portion of your loan payment are cancelled (up to the agreement maximum), and your loan balance declines.
With interest cancellation, the principal portion of your loan payment is deferred and the interest portion is cancelled (up to the agreement limit), and the loan balance neither increases nor decreases.
With protection you buy enough protection to cover your loan balance, and that saves you money. Other benefits include:
Enrollment in this debt protection is voluntary and not required to obtain a loan. Please let us know if you have any questions!