Protect your loan, your family, and your credit with specialized loan protection and insurance products.
Debt Protection
Debt Protection is available for most closed-end consumer installment loans if the loan has a term of 120 months or less, most consumer lines of credit, and credit cards.
Loss of life: Cancellation of the remaining loan balance as of the date of death, covering up to (AMOUNT TBD).
Disability: Supplements your employer’s disability program up to 12 payments per occurrence, covering up to ($XX) per month and ($XXX) total.
Involuntary Unemployment: Cancellation of up to 6 payments per occurrence, covering up to $XXX per month and $XXX total.
Mechanical Breakdown Protection
With mechanical breakdown protection you can have peace of mind after your warranty is expired. It offers a competitive price and flexible protection from unexpected vehicle repairs. Coverage may also be transferred if the vehicle is sold to a private party or canceled at any time on a pro-rata basis. You can choose from varying levels of protection with various deductible options and term/mileage plans.
Guaranteed Asset Protection
Guaranteed Asset Protection, otherwise known as GAP, is an affordable way to close the gap. In the case of an accident, theft, or a total loss of your vehicle, GAP will pay the difference between what the insurance pays and what the loan balance is. This will give you a clean slate for your next vehicle loan. The good news is that this coverage is only a few dollars a month which makes it very affordable and provides great peace of mind.