Now you dont have to lay awake at night worrying about what will happen if the unexpected strikes. Veridian
Credit Union Payment Protection is a voluntary debt cancellation program that steps in when you and your
family need help the most.
Payment Protection provides you with Life, Disability, and Unemployment packages that protect your consumer
and home equity loans, giving you peace-of-mind. With Payment Protection, you choose the right amount of
protection no more, no less.
Other benefits include:
- Helps protect your credit rating
- Simple eligibility requirements
- Fast, easy enrollment
- Immediate enrollment for eligible borrowers
- Convenient fee can be included in your monthly payment
Payment Protection Packages Available for Consumer & Home Equity Loans:
| Package 1 |
Package 2 |
Package 3 |
Life
Disability
Involuntary Unemployment |
Life
Disability |
Life |
Consumer Loan Protection
- Can protect up to two borrowers
- Protection for life, disability, and involuntary unemployment
- Cancels the loan balance up to $100,000 in the event of death up to age 70
- Provides up to 12 months or $12,000 of disability protection up to age 70
- Provides up to 3 months or $1,500 of involuntary unemployment protection up to age 70
Home Equity Protection
- Can protect up to two borrowers
- Protection for life, disability, and involuntary unemployment
- Cancels loan payments up to 12 months or $12,000 in the event of death up to age 70
- Provides up to 12 months or $12,000 of disability protection up to age 70
- Provides up to 3 months or $1,500 of involuntary unemployment protection up to age 70
Disclosure:
This is a summary of our Payment Protection program. Enrollment in the program is voluntary and not required to obtain
a loan. Payment Protection is a debt cancellation product available through Veridian Credit Union. Please contact
your Veridian Credit Union loan representative, or refer to the Payment Protection Contract for additional information
on benefit maximums, eligibility and limitations.
B2ML-0108-A46B
If you are interested in receiving more information on Payment Protection,
email or call
(319) 236-5698.
