Payment Protection
There’s “crazy weekend in Vegas” unpredictable, and then there’s the kind of unpredictable you’d rather avoid.
We offer 3 types of payment protection options to help provide financial security for your family, should life take an unexpected turn. Payment Protection is designed to pay your credit union loans in the unfortunate event of death, disability or loss of a job.
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Life Protection
Single and Joint Life protection can help pay off or reduce the insured balance on almost any UMe loan, in the event of the borrower’s (or co-borrower’s) death up to coverage maximums.
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Disability Protection
Disability protection may make monthly loan payments if the borrower becomes totally disabled due to a covered injury or illness for the time periods specified in the policy, up to coverage maximums.
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Involuntary Unemployment Protection
Involuntary Unemployment protection may make monthly loan payments if the borrower becomes unemployed for the time periods specified in the policy, up to coverage maximums.