Debt protection may cancel your loan balance (up to the contract limits) or monthly loan payment without penalty or added interest due to an unexpected event. You can select the optional plan that will support your family’s financial protection needs.
- In the event of death, it cancels the remaining loan balance up to a maximum in the contract.
- If you become disabled, it cancels up to a maximum number of loan payments based on the contract.
- If you are involuntarily unemployed, it cancels up to a maximum of number of loan payments based on the contract.
what loans are protected?
Debt protection is available for consumer loans, credit card accounts, lines of credit and home equity loans.