Payment Protection

The Payment Protection Plan, Credit Life and Disability Insurance, helps provide you financial protection and peace of mind.

Why Member’s need payment protection:

  • The risk of being disabled for three months or more is greater than dying; 4.9 times greater at age 35, and 3.29 times greater at age 45.

  • If you qualify for disability benefits through social security, there is usually a waiting period. Disability is difficult to define because eligibility requirements are very strict.

  • Workmen's Compensation benefits pay only if disability is work-related. Totally disabled individuals will receive only a percentage of an employee's average weekly wage.


    Benefits of Payment Protection

  • Convenient- The cost of coverage is included in the monthly payment.

  • Pays insured monthly benefits at a time when income may be reduced and expenses higher.

  • Pays benefits even when other insurance is in force.

  • Helps reduce financial risk.

  • Helps provide security and peace of mind for you and your family.

  • Helps protect credit standing and assets.

  • Please call the Loan Department at (765) 454-5590 for details.