Debt Protection

Protect what matters

There is a wide range of unexpected events that could leave you and your family scrambling to pay monthly bills. That’s why it is important you take action to safeguard your family against these types of events to ensure loan payments can be made on time. That’s where Debt Protection comes in.

Life is Unpredictable

When the worst happens, financial hardship can make your credit suffer. Prepare ahead of time with Debt Protection to relieve you and your family of monthly loan payments in the event of your death, disability, involuntary unemployment, family medial leave or hospitalization.

Under the Debt Protection program, your loan balance may be canceled or your monthly loan payments canceled without penalty or added interest. You benefit from the peace of mind knowing you and your credit rating are protected – and most importantly – that your family is protected.

Debt Protection is available for Closed-end consumer loans with a term of 120 months or less, consumer lines of credit (open-end loans), and credit cards.

Choose from the plan options listed below.

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Definitions of coverage
  • Death – Give your family time to get back on their feet financially.
    • Plans 1 and 2: Cancel the remaining loan balance as of date of death (up to $75,000).
  • Disability – Help avoid bills piling up as you try to regain your health and earning capacity. Use this benefit as a supplement to any disability coverage you may have at work.
    • Plans 1,2 and 3: Cancels up to six payments per occurrence (aggregate maximum of $15,000, up to $1,000 per month).
  • Involuntary Unemployment – Ensure your loan payment will be taken care of as you search for new employment.
    • Plans 1,3 and 4: Cancel up to four payments (aggregate maximum $15,000, up to $1,000 per month).

 

 

Designed with you in mind

More than ever, we all worry about things that might happen tomorrow. Debt Protection provides an important sense of financial security – knowing your loan will not become a burden to you in times of hardship.

Current Rates

Savings Secured

Up to 60 months

4.00

%
APR*
Credit Cards

as low as

7.92

%
APR*
Home Equity

Fixed Rate

4.75

%
APR*
Auto Loans

Up to 72 months

2.99

%
APR*
Motorcycle

as low as

4.24

%
APR*
Personal Loans

as low as

7.75

%
APR*
Boats or RVs

as low as

4.75

%
APR*
* Interest rate is based on the loan term and credit score.

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