Loan Shield Debt Protection
Financial Protection for the unexpected – protect the ones that matter most.
Loan Shield* is a voluntary loan-payment protection product that is designed to help cancel your loan payments if a protected life event unexpectedly happens to you. Simple eligibility requirements may help ease the enrollment process.
- loss of life
- accidental dismemberment
- terminal illness
- family medical leave
- loss of life of a non-protected dependent
- involuntary unemployment
If a protected life event happens to you (and you're a protected borrower or co-borrower on the loan), Loan Shield may cancel or waive your loan payment(s) up to contract maximums. Help lessen your worries, and your family's worries, about paying loans during a time when your income could be reduced or lost and paying other household bills could become challenging. Talk to us today about protecting your loan payments. Simple eligibility requirements may help ease the election process.
Your purchase of Loan Shield Debt Protection with Life Plus 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 Loan Shield Debt Protection with Life Plus. 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.
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