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|
|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.