payment protection (credit insurance)

Important facts for your family, your plans, your future and your credit rating.

What is Payment Protection?

We offer two types of Payment Protection.

Credit life insurance is designed to pay off the insured balance on your loan if you die.

Credit disability insurance is designed to pay your loan payments (up to the contract limit) if you become ill or disabled and are unable to work.

Is Payment Protection available on all loans?

Payment Protection is optional and depending on your financial institution's loan offerings, may be available for purchase on installment loans, lines of credit, credit card loans and certain types of real estate secured loans.  If both you and your spouse are named on the loan application, check with your financial institution to see if joint credit life and joint disability are available.

Click here for more information on Payment Protection.