LIFE IS UNPREDICTABLE
There is a wide range of unexpected events that could leave you and your family scrambling to pay monthly bills. That's why it is important you take action to safeguard your family against these types of events to help ensure loan payments can be made on time. That's where Go Energy Credit Union Debt Protection comes in.
Under the Debt Protection program, your loan balance may be canceled or your monthly loan payments canceled without penalty or added interest. You benefit from the peace of mind knowing you and your credit rating are protected and, most importantly, that your family is protected.
Availability and Plan Options
Debt Protection is available for closed-end consumer loans and home equity lines of credit. Choose from the plan options listed below:
Definitions of Coverage
If you meet eligibility requirements and conditions, Debt Protection will provide the following benefits:
Death Protection helps your family get back on their feet financially with the cancellation of a loan.
All Plans: Cancels the remaining loan balance as of date of death (up to $75,000)
Disability Protection cancels your loan payments for a period of time as you regain your health.
Plans 1 and 2: Cancels payments for as long as you are disabled (aggregate maximum of $75,000, up to $1,000 per month, per loan)
Involuntary Unemployment Protection helps ensure your loan payment will be taken care of as you search for new employment
Plan 1: Cancels up to 3 months of loan payments per occurrence (aggregate maximum $15,000, up to $1,000 per month)