Financial Protection Options
Given life's uncertainties, it's easy to see why more people are turning to financial protection to safeguard their family's financial well-being. Coverage options are affordable and can be financed along with your new or refinanced auto loan.
Help Protect Your Loan
- 24/7 Coverage
- Same rates for everyone
- No age limits for enrollment
- Fee included in loan payment
- Can enroll anytime during loan
- No health questions
Protection that Matters
Financial Protection is a voluntary loan-payment protection product that helps you get relief from the financial burden of delinquency, default, or foreclosure if a protected life event unexpectedly happens to you. Simple eligibility requirements help ease the enrollment process.
Whether you’re taking out a loan to make home improvements or buy a vehicle, it can be a financial gamble because things happen … life happens. You’re betting you can pay back your loan and you won’t become disabled (due to injury or illness), or pass away, which could leave your family responsible for your loan balance. Life events can cause financial hardship, making bill-paying difficult. You don’t want delinquent payments and defaulted loans to cause you to lose your assets, negatively impact your credit rating, or cause financial distress for your family.
If a protected life event happens to you (and you’re a protected borrower or co-borrower on the loan), Financial Protection will cancel or waive your loan payment(s), up to the contract maximums—helping to lessen your worries, and your family’s worries, about paying loans during a time when your income may be reduced or lost and paying other household bills becomes challenging. Protected events include:
- Loss of life
- Job loss
This protection could cancel your loan balance or payments up to the contract maximums.
Mechanical Repair Coverage
We offer the extended service contract you'll need to cover any unexpected vehicle repairs. There are many options to choose from.
We offer the protection you would need to pay the difference between your loan payoff and your insurance claim settlement in the event of a total loss.
Speak to a representative for more information on these coverage options.
Your purchase of OUR Payment Protection is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. Certain eligibility requirements, conditions, and exclusions may apply. Please contact your loan representative, or refer to the Member Agreement for a full explanation of the terms of OUR Payment Protection. You may cancel the protection at any time. If you cancel protection within 30 days you will receive a full refund of any fee paid.
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