And Her Parents’ Loan Payments.
Make sure your children don’t inherit your debt.
You have dreams for you and your family – a happy retirement, college plans, a new car. But have you considered how you or your family would cover your financial obligations, such as the payment on your vehicles, home equity loan or credit card, if you fell victim to an unfortunate event?
“True Protection” can help when the unexpected hits.
True Protection is a voluntary debt cancellation product that cancels your eligible loan balance, up to the agreement maximum, should you die from a protected illness or injury before paying off your loan. In addition, if you become disabled due to a protected illness or injury or become involuntarily unemployed, True Protection will cancel your monthly loan payment, up to the agreement maximum.
With True Protection, every eligible member pays the same fee and you only buy enough protection to cover your loan balance. Tying protection directly to your loan means you’ll have exactly the right amount of protection – no more, no less, and that saves you money. Other benefits include:
· Helps protect your family, collateral, and credit rating
· Simple eligibility requirements
· Fast, easy enrollment
· Immediate enrollment for eligible borrowers
· Convenient – fee can be included in your monthly payment
You can count on True Protection to step in when you and your family need help the most. And that means your dreams can go on and on – even when your income doesn’t. For more information about True Protection, ask your loan officer or refer to your member agreement for details.
Legal Disclaimer: This is a summary of our True Protection Program. Enrollment in the program is voluntary and not required to obtain a loan. True Protection is a debt cancellation product available through True North FCU. Please contact your True North loan representative, or refer to the True Protection Agreement for additional information on benefit maximums, eligibility, and limitations.