|
Add Payment Protection to your Loan and receive assistance in meeting
your monthly payment obligation when you
need it most, without the risk of defaulting on your Loan.
| |
Unemployment¹ |
Disability |
Life/Terminal Illness |
| Protection Provided |
Maximum of six monthly payments paid
per occurrence |
Unlimited number of payments canceled
for the term of the Loan¹ |
•Cancellation of outstanding
Loan balance up to $50,000 in the event of loss of life or with
diagnosis of a pending loss of life within six months
•Joint coverage available |
| Maximum Loan Term |
10 years |
10 years |
10 years |
| Waiting Period |
30 days |
30 days retroactive |
None |
| Eligibility² |
•Member age 18-69
•Employment questions required¹ |
•Member age 18-69
•Employment questions required¹
•Health questions required¹ |
•Member age 18-69
•Health questions required¹ |
With the Payment Protection Program, you may either select a plan that includes all protection coverage or select any of these combinations:
Unemployment² and Disability
Unemployment and Life/Terminal Illness
Disability and Life/Terminal Illness
Disability only
Life/Terminal Illness only
Unemployment, Disability and Life/Terminal Illness
A Payment Protection Program is available with EquityLines and Consumer
Loans.
¹See Agreement/Application for detailed information.
²Unemployment Protection is only available when combined with one
of the other protection coverages. These
products are not insured by the National
Credit Union Administration. The purchase
of these products is optional and will
not affect your application for credit.
The information provided here is not a
contract. It is a general summary of product
benefits, and its contents are limited
due to size. |
