Payment Protection
Life can be wonderful. But it can also get complicated when unexpected things happen. Protecting your loan balance or loan payments could help protect your finances.
Does Your Family Have a Safety Net if the Unexpected Hits?
Protect Your Loan
Protecting your loan balance or loan payments against death, disability or involuntary unemployment can help protect your family against the unexpected. This protection could cancel your loan balance or loan payments up to the contract maximums so your family can worry a little bit less about tomorrow. It’s voluntary and won’t affect your loan approval.
Connect with us to talk about protecting your loan payments today.
| In The Event Of... | Death | Disability | Involuntary Unemployment |
|---|---|---|---|
| What Happens... | Protected borrower passes away. | A covered disability occurs due to injury or illness. | A covered job loss occurs. |
| It Cancels This... up to the contract maximums | Your payments or loan balance. | Your loan payments. | Your loan payments. |
| You May Be Eligible If You... | Have an eligible loan. | Are a permanent employee who is actively working.* | Are a permanent employee who is actively working.* |
Filing a Claim
If the unexpected happens, our fast and easy claims process means true peace of mind. Did you add one of our Payment Protection products on your Summit loan?
Payment Protection Life Events:
- Life
- Terminal Illness
- Accidental Dismemberment
- Hospitalization
- Family Medical Leave
- Loss of Life of a Dependent
- Disability
- Involuntary Unemployment
If you did, and have a protected incident or loss, our simple, hassle-free claims process – through our partner in protection, CUNA Mutual Group – will get you the help you need, fast.