Borrower Protection with Life Plus
Your Financial Safeguard Against the Unexpected
If your life takes an unforeseen turn, your family’s finances can be strained. That’s why SLFCU offers the Borrower Protection Plan,* which may cancel or reduce your loan payments or balance, up to the maximum amount stated in your contract, in case of involuntary unemployment, disability, or death.
The plan can be added to existing or new auto loans, signature loans, signature CreditLines, or credit cards, and, as of February 1, Home Equity CreditLines, too. For additional protections, Life Plus can address circumstances such as accidental dismemberment, terminal illness, hospitalization or family medical leave, or the death of a non-protected individual.
The plan is budget-friendly and can give you the peace of mind of knowing that you and your loved ones may be taken care of in a problem situation. Plus, applying is easy. Take an important step toward financial security. Ask SLFCU about adding it to your SLFCU loan(s).
*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. DP-4459273.1-0322-0424 CUNA Mutual Group ©2022, All Rights Reserved.
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