Death
If the borrower passes away during the coverage period, the loan balance is protected as set out in the certificate.
Protection for your payments
Loan Protection
A safeguard so the unexpected doesn't affect your loan or your family: protect your payments against situations that affect your ability to pay.
Apply →Coverage
What does it protect?
A safeguard so the unexpected doesn't affect your loan or your peace of mind.
Disability
If an illness or injury keeps you from working, your loan payments are temporarily covered as set out in the certificate.
Involuntary job loss
Support for your monthly payments if you involuntarily lose your job, according to the certificate's terms.
What you can protect
- Your loan balance.
- Your monthly payments, for the period set out in the certificate.
Limits, deductibles, and exclusions depend on the insurance certificate.
How to request protection
If a covered event occurs, here are the general steps. Exact timelines and channels are in the certificate.
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01
Report the event
Contact the provider through the channels listed in your certificate as soon as possible.
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02
Gather the documents
Prepare the documentation that applies to the type of event.
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03
Get a response
The provider will review your request and respond within the timeframe set out in the certificate.
Documents commonly requested
- The borrower's ID document.
- Loan account statement.
- Documentation for the event: medical certificate, employer letter, or death certificate, as applicable.
- Any other documents required by the certificate.
Requirements
- Have an active loan with the credit union.
- Meet the credit union's membership requirements.
- Complete the application and accept the certificate's terms.
Rate
The amounts shown are for reference only. An advisor will inform you of the current rate.
| Plan | Monthly charge |
|---|---|
| Loan protection | $0.00 |
Apply for your loan protection
Complete the following form and an advisor will get in touch with you.
Frequently asked questions about Loan Protection
What does loan protection cover?
It protects your loan balance or payments against events such as death, disability, or involuntary job loss. The certificate details the coverages, limits, and exclusions.
Which loans can I protect?
An advisor will confirm which credit union loans are eligible.
How do I request protection if a covered event occurs?
You must report the event to the provider through the channels in your certificate and submit the documents requested.
Do I need to be a member of Christian Credit Union to get it?
An advisor will confirm the membership and insurer requirements when they receive your request.
How much does it cost?
The cost depends on the plan and the insurer's evaluation. An advisor will inform you of the current rate.
Is this insurance insured by the NCUA?
No. Insurance products are not deposits, are not insured by the NCUA or any other federal government agency, and are not guaranteed by the credit union.