Support When Life Takes An Unexpected Turn
Even with careful planning, life can change quickly. Illness, injury, or loss of income can make it difficult to keep up with regular payments.
Debt protection is designed to help in those situations. It is an optional program that may cancel or reduce your loan balance or payments, up to contract limits, if a covered event occurs.
Coverage may apply in situations such as disability, involuntary unemployment, or death, helping reduce financial strain during an already difficult time.
How debt protection works
Debt protection can be added to your loan at the time it is opened. If a qualifying event occurs, the program may step in to assist with payments or reduce the remaining balance, depending on the coverage selected.
Some members choose to extend this protection with Life Plus, which broadens coverage to include additional circumstances such as terminal illness, accidental dismemberment, hospitalization, family medical leave, or the loss of a non-protected dependent.
The goal is to provide an added layer of financial stability when your situation changes unexpectedly.
This coverage is designed to fit within your loan structure and is typically included as part of your monthly payment.
Debt protection is not required to obtain a loan and will not affect your loan approval. You will receive full details before enrolling, including terms, conditions, and any applicable limitations.
You may cancel coverage at any time. If canceled within the first 30 days, any fee paid is typically fully refunded.
If you are considering debt protection, our team can help you review the details and decide if it is a good fit for your situation.