Debt Protection can help relieve financial pressure in the event of death, disability or involuntary unemployment. With Debt Protection, your loan balance will be cancelled without penalty or added interest.
Features
- Your loan payment will be cancelled (or suspended) for a period of time without penalty, added interest, or being reported as delinquent to the credit bureau when a covered event occurs.
- Typically, covered events may include death, disability, involuntary unemployment, family medical leave, and hospital stay.
- Single and/or joint coverage is available on protected events as defined in the Debt Protection Agreement.
Benefits
- Protects your family's financial security
- Peace of mind
- Convenient
There are eligibility requirements, conditions and exclusion that apply to this program. For more information, contact us or call 630.844.4950.
Calculate Your Debt Protection Need
Disclosures: This product is optional. Your purchase of debt protection is optional. Whether or not you purchase this product will not affect your application for credit or the terms of any existing credit agreement you have with us. Additional Disclosures: We will give you additional information before you are required to pay for debt protection. This information will include a copy of the contract containing the terms and conditions of debt protection. Eligibility requirements, condition and exclusions: There are eligibility requirements, conditions, and exclusions that could prevent you from receiving debt protection benefits. You should carefully read your debt protection contract for a full explanation of the terms and conditions of the debt protection program.
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