Loan Protection Plan Questions

Protection from the Unexpected!

But what exactly does that really mean? Loan protection helps make sure that your loan payments are covered during certain unexpected life events. Still not following? Let’s get into the nitty gritty. Whether you’re interested in applying for a line of credit or you already have loan protection on your line of credit, we’re happy to answer all of your loan protection questions.

Loan Protection Questions

A Loan Protection Plan can cover your loan payments in the event that you are unable to meet your financial commitments due to an unforeseen circumstance such as illness, injury, unemployment or loss of life.

Loan protection plans vary depending on the amount of your loan payment. For example, a $3,500 loan with monthly payments would cost $87.88 monthly for loan protection.

Unfortunately, we do not currently have a way to add loan protection to an existing loan. However, you do have the option to pay off your line of credit and apply for a new one that you can add a Loan Protection Plan to.

Login to your account and select “Submit Claim”. Follow the steps provided within your online account to complete your claim submission.