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Home / Loans and Visa Cards / Loan Protection / Payment Advantage
Payment Advantage
In the event your income is compromised, the last thing you or your family wants to do is worry about is making loan payments.

Help safeguard your finances with Payment Advantage! If you become involuntarily unemployed or are incapacitated due to an illness or injury, Payment Advantage can cancel your monthly loan payment* up to the agreement maximum.

Here are your protection options:

Protection Plan Loss of Life Disability Unemployment
Basic
Select
Deluxe
Premiere


Loss of Life Disability Unemployment
Type of Cancellation Balance Cancellation Payment Cancellation Payment Cancellation
Type of Protection Accident & Sickness Accident & Sickness Unemployment
Maximum Benefits Paid $75,000 Limit 12 months or $12,000 9 months or $4,500
When Benefits Begin N/A 30-day wait period 30-day wait period
Limitations 6 month pre-existing before advance 6 month pre-existing before advance 6 month after advance

 

For more information on Payment Advantage, contact our Lending Center at 1-800-359-1939, option 3.

*Corporate America Family Credit Union Mortgages and the Smart Option Student Loan® by Sallie Mae® are not eligible.