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Loan Payment Protection

Disability & Term Life Protection Help Protect Your Family’s Lifestyle
– At a Rate You Can Afford!

Payment Protection can safeguard your family’s lifestyle – and your peace of mind. It’s the financial help you can count on when you need it most. And it’s convenient, economical and easy to qualify.

Why Take The Risk? Who will make your loan payments if you can’t? That’s worry you won’t have to face with Payment Protection. If you die or become disabled due to a covered illness or accident, your loan may be reduced or paid off.

There are two easily obtainable, flexible methods of protection for you and your family – term life and disability coverage.Term life reduces or pays off your covered loan balance should you die before paying it off. Disability makes your monthly loan payment should you become disabled due to a covered illness or injury.

Product
Cost
Credit Disability
$1.33 per $1000 of your Monthly Loan Balance
Term Life-Single
$0.69 per $1000 of your Monthly Loan Balance
Term Life-Joint
$0.97 per $1000 of your Monthly Loan Balance

The low premium can be included in your payment:

Every covered member pays the same low group rate with disability and term life. You only buy enough protection to cover your loan balance. Tying your coverage directly to your loan means that you’ll have exactly the right amount of protection – no more, no less. Other benefits include:

  • Automatic eligibility for most borrowers
  • Simple Enrollment
  • No medical screening
  • Immediate coverage
  • Premium included in your payment

You can count on the term life and disability to step in when you and your family need help the most. And that means you can count on your dreams to go on and on – even you’re your income does not.

For more information, including details about exclusions and limitations, ask your loan officer about term life and disability protection.

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