Increase Your Peace of Mind if the Unexpected Occurs!

Protection 

Payment Protection Credit Insurance helps reduce the financial burden on your family in the event your disability, death, or involuntary unemployment1It also protects your credit rating by helping to ensure your loan will not end up in default. It provides peace of mind by protecting your family's financial security. Your credit rating will not be adversely affected when you add payment protection to your Telcoe loans.

Convenience

Application is easy and done at the time of the loan application. And, the monthly premium is included in your monthly loan payment.

Eligibility

This protection is available up to the age of 65 and even up to 70 in some states. Also, a medical exam is not required, although, general health questions may be asked.

Summary1

LIFE

Cost per $1,000 Type of Coverage
49¢ Single Life Payment Protection
82¢ Joint Life Payment Protection

DISABILITY

Cost per $1,000 Type of Coverage
$1.39 Single Life Payment Protection
$2.58 Joint Life Payment Protection

LIFE & DISABILITY

Cost per $1,000 Type of Coverage
$1.88 Single Life & Single Disability Payment Protection
$2.21 Joint Life & Single Disability Payment Protection
$3.40 Joint Life & Joint Disability Payment Protection

LIFE & DISABILITY & INVOLUNTARY UNEMPLOYMENT

Cost per $1,000 Type of Coverage
$2.90 Single Life & Single Disability & Single Involuntary Unemployment Payment Protection
$3.23 Joint Life & Single Disability & Single Involuntary Unemployment Payment Protection

  

1Please see full disclosures for specific information regarding your policy.

Investments/Insurance/Warranties: Not NCUA Insured • Not Credit Union Issued, Guaranteed or Underwritten • May Lose Value