You handle money responsibly, so meeting your day-to-day obligations isn’t usually a problem. But, what if the unexpected happens?
Even the most responsible person can be hit with bills they can’t pay when unexpected illness, injury, or death puts a paycheck out of the picture.
When an unexpected tragedy occurs, payment protection can pay off your loan in the event of death, or make payments on your behalf in the event of a disability.
Adding Payment Protection to your loan1 can:
· Eliminate all or part of your remaining loan balance
· Protect your credit rating as loan payment obligations are made on your behalf
· Prevent late fees
· Protect your family and your possessions
· Free-up extra cash when it’s needed most
· Pay benefits in addition to any other protection you may have
If you’re thinking, “it can’t happen to me,” think again.
Every two seconds, whether around the house, on the job, or just being in the wrong place at the wrong time, someone suffers a disabling injury. Meanwhile, every day 350 people die from an accident, and every year nearly 300,000 people become unable to work because of illness.*
With Payment Protection, you can have your covered loans paid for you when you need it most. It’s peace of mind that’s affordable and part of your regular payment—giving you one less thing to think about.
To find out more about Payment Protection, contact your branch representative today!
Your purchase of Payment Protection is optional. Whether or not you purchase Payment Protection will not affect your application for credit or the terms of any existing credit agreement you have with the financial institution. There are eligibility requirements, conditions, and exclusions that could prevent you from receiving benefits under Payment Protection. You should carefully read the contract for a full explanation of the terms.
*Facts provided by the national Safety Council and the Centers for Disease Control and Prevention (CDC) 2011
1. Payment Protection is available for personal credit cards, auto loans, and personal consumer loans.