There is a wide range of unexpected events that could leave you and your family scrambling to pay monthly bills. With our Debt Protection program, your loan balance may be canceled or your monthly loan payments canceled without penalty or added interest. You benefit from the peace of mind knowing you and your credit rating are protected, and most importantly, that your family is protected.
Debt Protection
PLAN 1
- Includes coverage for:
• Death
• Disability
• Involuntary Unemployment - Death: cancels the remaining loan balance as of date of death, diagnosis or dismemberment (up to $75,000)
- Disability: cancels up to 12 payments per occurrence (aggregate max. of $15,000, up to $1,000 per month)
- Involuntary Unemployment: cancels up to 3 payments per occurrence (Aggregate max. $15,000, up to $1,000 per month)
- Available for consumer loans, home equity loans & credit cards
- Plan pays benefits monthly rather than daily, as with most other plans
- Print a Debt Protection information sheet.
To secure Plan 1 benefits, call a Loan Expert at 800-245-6199 option 1 or complete a Contact Us Form & we’ll respond as soon as possible.
PLAN 2
- Includes coverage for:
• Death
• Disability - Death: cancels the remaining loan balance as of date of death, diagnosis or dismemberment (up to $75,000)
- Disability: cancels up to 12 loan payments per occurrence (aggregate max. of $15,000, up to $1,000 per month)
- Available for consumer loans, home equity loans & credit cards
- Plan pays benefits monthly rather than daily, as with most other plans
- Print a Debt Protection information sheet.
To secure Plan 2 benefits, call a Loan Expert at 800-245-6199 option 1 or complete a Contact Us Form & we’ll respond as soon as possible.
PLAN 3
- Includes coverage for:
• Death - Death: cancels the remaining loan balance as of date of death, diagnosis or dismemberment (up to $75,000)
- Available for consumer loans, home equity loans & credit cards
- Plan pays benefits monthly rather than daily, as with most other plans
- Print a Debt Protection information sheet.
To secure Plan 3 benefits, call a Loan Expert at 800-245-6199 option 1 or complete a Contact Us Form & we’ll respond as soon as possible.
All Plans Include
- Coverage for Terminal Condition or Accidental Dismemberment: cancels the remaining loan balance as of diagnosis or dismemberment (up to $75,000)
- Coverage for Family Leave or a Hospital Stay: cancels up to three payments per occurrence (aggregate max. of $3,000, up to $1,000 per month)
- Eligibility requirements and conditions must be met to receive coverage & benefits.
- Can be added to an existing MEMBERS1st loan up to 6 months after loan disbursement. After 6 months, adding coverage requires writing a new loan, potentially with new terms.
- View coverage disclosures.
