Payment Protection

 

Have you considered how your loan payments would be made in the event of your death, or if you became disabled? Protect yourself and your family with two easily obtainable, flexible methods of coverage—Members' Choice® Payment Protection credit life and credit disability coverage.

 

Credit life reduces or pays off your covered loan balance should you pass away before paying off your loan. Disability coverage makes your monthly loan payment should you become disabled due to a covered illness or injury. And you only buy enough protection to cover your loan balance so you have exactly the right amount of protection. Benefits include:

  • Reduction or total payoff of your loan balance in the event of death
  • Payment of monthly obligation if you become disabled
  • Protection for your credit rating and assets
  • Coverage at low AMPLIFY-Member group rates
  • Automatic eligibility for most borrowers
  • No medical screening
  • Immediate coverage

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Averages based on: LIMRA Market Trends, 2002; National Automobile Dealers Association Data Report; Operating Ratios and Spreads, Mid-Year Edition, 2001; U.S. Census Bureau Abstract, 2001; National Funeral Directors Association, General Price List Survey, 2001.