Payment Protection

Prepare for the Unexpected

Payment Protection

Preserve Your Standard of Living

Whether you're taking out a loan to make home improvements or buy a vehicle, you should take steps to protect yourself and your family in case something unforeseen happens. Life events can cause financial hardship, which makes bill-paying difficult. You don't want delinquent payments and defaulted loans to impact your finances.

Protection That Matters

If a protected life event happens to you, and you’re a protected borrower or co-borrower on the qualified loan, Payment Protection may help. This service can cancel or waive your loan payments up to the contract maximums—helping to lessen the worries of you and your family about paying loans when your income may be reduced or lost and when paying other household bills may be challenging. Events that may be covered under Payment Protection include:

  • Loss of life, including those caused by acts of war
  • Disability, including those caused by acts of war
  • Involuntary unemployment