Loan Protection
for Life’s Unexpected Moments

Add-on loan protection to ensure your balance is taken care of if the unexpected happens. If you or another covered borrower passes away, the remaining loan balance may be paid in full—helping protect your spouse, children, heirs, and co-borrowers from added financial stress during an already difficult time. 

Payment protection can be elected for the primary borrower, the secondary borrower, or both. It can be added to the loan balance—so there’s no separate payment to be made. This protection is a form of term life insurance and ends when the loan is paid off.

• No health questions to answer if protection is elected within 30 days of the loan
• All members pay the same low rate regardless of sex, health, or occupation
• Covers up to $100,000 and 15 years
• Borrower or co-borrower must be under 70 years of age
• Single or joint accounts do not affect rates
• No employment requirements for borrower or co-borrower
• Protection can be cancelled at any time
• Conditions existing within six months before electing coverage are not covered until 6 months AFTER the coverage was elected.

This is not intended to be all-inclusive of either the benefits or restrictions. For more information, please contact us.