| Safeguard
your loan with CREDIT PROTECTOR Program
Now you don't have
to lay awake at night worrying about
what will happen if an unexpected crisis
happens because CREDIT PROTECTOR, our
voluntary debt cancellation program,
cancels your eligible loan balance,
up to agreement maximum, should you
die before paying off your loan.
In addition, if you
become disabled due to a covered illness
or injury, or become involuntarily unemployed,
CREDIT PROTECTOR can cancel the principal
and interest portion of your monthly
loan payment, up to the agreement maximum.
With CREDIT PROTECTOR
you pay group rates and only buy enough
protection to cover your loan balance,
and that can save you money.
Other Benefits Include:
- Protects
your credit rating
- Automatic
eligibility for most borrowers
- Simple enrollment
- Immediate coverage
for eligible borrowers
- Convenience - cost
is included in your loan payment
Consumer Loan,
Home Equity, and Credit Card Protection
- Choice of
single or joint protection for just
pennies a day.
- Protection
can include life, disability, and
involuntary unemployment.
- Cancels your
loan balance up to $100,000 in the
event of death before your 70th
birthday.
- Provides
up to 12 months or $12,000 of disability
protection up to age of 70.
- Cancels your
loan payments for up to six months
or $3,000 if involuntarily unemployed
up to the age of 70.
Our new Credit Protector Program options and rates are
shown below. The applicable fee (based on the rates
shown below) will be included in your monthly loan
payment.
Type
of Protection
|
Single
ProtectionFee
|
Joint
Protection Fee
|
Premium
Package
Loss of Life, Disability, Unemployment
|
$.368
per $100 of outstanding loan balance
|
$.670
per $100 of outstanding loan balance
|
Deluxe
Package
Loss of Life, Disability
|
$.212
per $100 of outstanding loan balance
|
$.385
per $100 of outstanding loan balance
|
Standard
Package
Loss of Life
|
$.070
per $100 of outstanding loan balance
|
$.128
per $100 of outstanding loan balance
|
|