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Debt Protection*

Accidents happen and take us by surprise. But in the unfortunate event of disability, death, or job loss, you and your family shouldn't worry about how your California Credit Union loans will be repaid.

That's why we designed our Debt Protection program to fit the times we live in. More than ever, we all worry about things that might happen tomorrow. Our low-cost Debt Protection provides an important sense of financial security, so you can worry less and sleep a little better at night. Read on to see what's covered.

 

Death

The Single Death and Joint Death programs pay off California Credit Union loan balances in the event of the borrower's death (or co-borrower's for Joint Death). The fee amount is included in the monthly payment at the time the loan payment is calculated.

 

Disability

The Disability program offers low-cost coverage designed to cover your California Credit Union loan payments in the event you become disabled. The fee amount is included in the monthly payment at the time the loan payment is calculated.

 

Job Loss

The effect of job loss can be devastating. The Involuntary Unemployment Program covers your California Credit Union loan payment for a specified time period in an event you are involuntarily unemployed. The fee amount is included in the monthly payment at the time the loan payment is calculated.

 

Plan OptionsDeathDisabilityInvoluntary
Unemployment
Rate per $1,000
of Loan Balance
    SingleJoint
Consumer Plans     
Plan option 1X  $0.43$0.75
Plan option 2 X 2.75-
Plan option 3XX 3.18-
Plan option 4XX -3.50
Plan option 5XX 1.572.87
Plan option 6XXX$3.13$5.83

Download the Debt Protection brochure

*Eligibility requirements, conditions and exclusions may apply.

For more information on Debt Protection, call us at (800) 334-8788.

Insurance policies are not obligations of, deposit in, or guaranteed by, California Credit Union or any affiliate, and are not federally insured. Approval of any loan application will not be affected by your choice of insurer, agent, or broker.