Payment Protection
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Get peace of mind and protect your family from financial worry.
We never want the worst to happen. But if it does, Payment Protection can help.
Payment Protection may be a smart choice if your family would struggle to repay your loan if you were disabled or deceased.
It's an inexpensive way to protect your family and avoid extra worry during a stressful time.
Credit Disability Insurance*
- Optional insurance that covers loan payments up to $1,100 per month in the event the covered borrower or co-borrower becomes disabled due to accident or illness.
- Can be combined with Credit Life Insurance.
- Available for Reserve Lines of Credit, personal loans, auto loans and recreational vehicle loans.
- Cost is based on your loan balance, which means as your loan balance goes down so does the cost of coverage.
- Premium is included in your monthly loan payment.
- There's no medical check to qualify.
Credit Life Insurance*
- Optional insurance that pays off a borrower's loan up to $75,000 in the event of the covered borrower's or co-borrower's death.
- Can be combined with Credit Disability Insurance.
- Available for Reserve Lines of Credit, personal loans, auto loans and recreational vehicle loans.
- Cost is based on your loan balance, which means as your loan balance goes down so does the cost of coverage.
- Premium is included in your monthly loan payment.
- There's no medical check to qualify.
Private Student Loan Benefit
- Forgiveness of up to $50,000 in student loan balances should the borrower die.
- Automatically included free on all in-school loans and refinances, both with and without a co-signer.
Contact us to learn more about Payment Protection and help decide what's best for you.
