Loan Payment Protection

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Life can be unpredictable. It's a smart move to protect your finances.

Getting approved for a loan for home improvements or a vehicle purchase can be an exciting time. But same that loan can cause stress if a life event prevents you from earning money to make timely payments. With Loan Payment Protection, your loan can be canceled altogether or payments waived for a certain period, leaving you with more funds for other expenses and reducing your financial worries. 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

Purchase a Payment Protection Plan

Payment Protection Plan	Coverage	$100 Borrowed*
LifePlus	Up to $100,000 on loss of life Accidental Dismemberment Terminal Illness Hospitalization¹ Family Medical Leave¹ Loss of Life of a Non-Protected Dependent¹	$0.149
LifePlus Disability	LifePlus coverages, plus Up to 12 months or $12,000 in canceled monthly payments for a disability	$0.349
LifePlus Disability & Unemployment	LifePlus Disability coverages, plus Up to 6 months or $6,000 in canceled monthly payments for unemployment	$0.449

Your purchase of Payment Protection is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. Certain eligibility requirements, conditions, and exclusions may apply. Please contact your loan representative, or refer to the Member Agreement for a full explanation of the terms of TruStage. You may cancel the protection at any time. If you cancel protection within 30 days you will receive a full refund of any fee paid.

¹Cancellation of 3 protected payments up to $3,000, whichever occurs first, one time per a 12 month period for protected events (Hospitalization, Family Medical Leave, or Loss of Life of a Non-Protected Dependent)

Fast, efficient claims service

Loan Payment Protection is provided through Ideal CU's partnership with TruStage Insurance. You can either submit your claim online or call 1-800-621-6323 to reach a TruStage Claims Specialist.

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Disclaimers

TruStage™ is the marketing name for TruStage Financial Group, Inc. its subsidiaries and affiliates. Insurance products are issued by CMFG Life Insurance Company, MEMBERS Life Insurance Company, CUMIS Insurance Society Inc., CUMIS Specialty Insurance Society Inc., American Memorial Life Insurance Company, and Union Security Insurance Company. Payment protection products include debt protection products available through your credit union that are administered by CUNA Mutual Insurance Agency, Inc. and credit life and credit disability insurance products underwritten by CMFG Life Insurance Company.