There is a wide range of unexpected events that could leave you and your family scrambling to pay monthly bills. With our Debt Protection program, your MEMBERS1st loan balance may be canceled or your monthly loan payments canceled without penalty or added interest. You benefit from the peace of mind knowing you and your credit rating are protected, and most importantly, that your family is protected.
All 3 Plans are available for consumer loans, home equity loans & credit cards and include…
PLAN 1
- Includes coverage for:
1. Death
2. Disability
3. Involuntary Unemployment - Death: cancels the remaining loan balance as of date of death, diagnosis or dismemberment (up to $75,000)
- Disability: cancels up to 12 payments per occurrence (aggregate max. of $15,000, up to $1,000 per month)
- Involuntary Unemployment: cancels up to 3 payments per occurrence (Aggregate max. $15,000, up to $1,000 per month)
PLAN 2
- Includes coverage for:
1. Death
2. Disability - Death: cancels the remaining loan balance as of date of death, diagnosis or dismemberment (up to $75,000)
- Disability: cancels up to 12 loan payments per occurrence (aggregate max. of $15,000, up to $1,000 per month)
PLAN 3
- Includes coverage for:
1. Death - Death: cancels the remaining loan balance as of date of death, diagnosis or dismemberment (up to $75,000)
Debt Protection Disclosures
This product is optional. Your purchase of debt protection is optional. Whether or not you purchase this product will not affect your application for credit or the terms of any existing credit agreement you have with us.
We will give you additional information before you are required to pay for debt protection. This information will include a copy of the contract containing the terms and conditions of debt protection.
Eligibility requirements, conditions, and exclusions: There are eligibility requirements, conditions, and exclusions that could prevent you from receiving debt protection benefits. You should carefully read your debt protection contract for a full explanation of the terms and conditions of the debt protection program.