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Payment Protection

Protect your loan or credit card – help preserve your standard of living. Whether you’re taking out a loan to make home improvements or buy a vehicle, it can be a financial gamble because things happen…life happens.

Smart financial security, for unexpected events. Payment Protection* is a voluntary loan-payment protection product that helps you get relief from the financial burden of delinquency, default, or foreclosure if a protected life event unexpectedly happens to you. 

  • Cancel or reduce repayment of your loan or Visa credit card debt (up to policy limits, limits vary based on product)
  • Simple eligibility requirements ease the enrollment process
  • Use to supplement the disability coverage you may have at work
  • Helps protect your family, collateral, and credit rating

Protection Package Options Available

Package Options Covered Events
Total Life, Disability and Involuntary Unemployment
Premier Life and Disability
Basic Life

 

 


 

Protection that matters. If a protected life event happens to you (and you’re a protected borrower or co-borrower on the loan), SF Police Credit Union (SFPCU) will cover your monthly loan payment or credit card payment, or cancel an outstanding balance up to an agreed maximum—helping to lessen your worries, and your family’s worries, about paying loans during a time when your income may be reduced or lost and paying other household bills becomes challenging.

Still have questions? Call us and speak to one our Financial Services Loan Officers who are ready to help you at 800.222.1391.

 

*Payment Protection is a debt protection product offered by SF Police Credit Union. Enrollment in this debt protection product is voluntary and not required to obtain a loan. Please contact an SFPCU Financial Services Loan Officer for additional information on benefit maximums, eligibility, limitations, and a copy of your contract.
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