Borrower Protection Plan with Life Plus
Your financial safeguard against the unexpected.
If your life takes an unexpected turn, your family’s finances can be strained. But with the Borrower Protection Plan with Life Plus, your loan payments or balance may be canceled, up to the contract maximums, in case of involuntary unemployment, disability, or death. It’s just one more way you can look out for the people you love.
The Borrower Protection Plan with Life Plus could help your family’s financial situation against a variety of covered life events:
- Involuntary unemployment
For additional protections, Life Plus can extend your Borrower Protection Plan to address a wide range of circumstances, giving you the reassurance of knowing you’ve taken steps to help secure your finances.
- Accidental dismemberment
- Terminal illness
- Hospitalization or family medical leave
- Death of a non-protected dependent
Take an important step toward financial security. Ask SLFCU about adding the Borrower Protection Plan with Life Plus when you open an auto loan, credit card, signature loan, signature CreditLine, or Home Equity CreditLine – or add the plan to your existing loan. Call 505.293.0500 or 800.947.5328 for details.
Your purchase of Borrower Protection Plan with Life Plus is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. Certain eligibility requirements, conditions and exclusions may apply. Please contact your loan representative or refer to the Member Agreement for a full explanation of the terms of Borrower Protection Plan with Life Plus. You may cancel the protection at any time. If you cancel protection within 30 days, you will receive a full refund of any fee paid.
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