Life can be wonderful. But it can also get complicated when unexpected things happen. Protecting your loan balance or loan payments against death, disability, and involuntary unemployment could help protect your finances.
This protection could cancel your loan balance or payments* up to the contract maximums.
Life Plus adds protection for life events such as accidental dismemberment, terminal illness, hospitalization, family medical leave, and loss of life on a non-protected dependent. Protect your loan balance or loan payments today so your family can worry less about tomorrow.
Purchasing protection is voluntary and won’t affect your loan approval. It’s simple to apply. Ask you loan officer about eligibility, conditions, or exclusions. Refer to the member agreement for a full explanation of terms and conditions.
Check out the protection options below:
Protection Plan | Life Plus | Disability | Involuntary |
Basic | ✔ | ||
Select | ✔ | ✔ | |
Deluxe | ✔ | ✔ | |
Premier | ✔ | ✔ | ✔ |
Life Plus | Disability | Involuntary | |
Type of Cancellation | Balance Cancellation | Payment Cancellation | Payment Cancellation |
Type of Protection | Accident & Sickness | Accident & Sickness | Involuntary Unemployment |
Maximum Benefits | $100,000 Limit** | 12 months or $12,000 | 9 months or $4,500 |
When Benefits Begin | N/A | Waiting period = 30 days | Waiting period = 30 days |
Limitations | 6 month pre-existing before advance | 6 month pre-existing before advance | 3 months after advance |
For more information on Payment Advantage, contact our Lending Center at 1-800-359-1939, option 2.