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Why
Take the Risk?
No matter whether you’ve borrowed for the
family car or your dream vehicle, you have put a
lot of thought into your purchase. But have you
considered the impact this loan could have if you
couldn’t make the payments because of death
or disability?
Let Vehicle Loan Protect help you safeguard this
new obligation – by protecting the loan against
the unexpected.
Simple and Affordable
Protection
Vehicle Loan Protect may help cancel or reduce the
outstanding loan balance on your monthly loan payment
if a protected death or disability occurs.
This package provides the peace of mind that
comes with knowing your loan won’t become
a burden to you or your family. It is available
at an affordable rate that does not increase with
age.
Enrollment in the program is quick and easy- with
no health questions required. And, with a fee that
is
included in your loan payment, there is no extra
bills to pay.
Who is Eligible?
Vehicle Loan Protect is protection for vehicle loans
through
your credit union for automobiles, boats, powersports,
trucks, and motorcycles.
This package is available for you and your co-borrower.
You can apply if you are between the ages of 18
and 64 and
are actively at work for at least 25 hours per week.
Contact
your loan officer for additional information today.
| Vehicle
Loan Protect includes: |
| Life
Protection |
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Accidental
Death: Cancels the protected outstanding loan
balance- up to $100,000 in the event of death
due to accidental injury; and, |
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Critical
Period Death: Cancels the scheduled monthly
loan payment up to $1,000, for a maximum of
6 months per borrower, in the event of protected
death. |
| Disability
Protection |
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Critical
Period Accidental Disability- Cancels the scheduled
monthly loan payment up to $1,000, for a maximum
of 6 months per occurrence per borrower, in
the event of protected accidental disability
(a maximum of 12 monthly benefits applies).
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