Payment Protection
Payment Protection - Your Safeguard Against the Unexpected
Safeguard against the unexpected with Payment Protection. Debt protection gives you the reassurance of knowing you’ve taken steps to help secure your finances in unpredictable situations. Debt Protection Life Plus extends your Debt Protection to address a wide range of circumstances.
Need to File a Claim?
Have you (or a protected borrower on a Del-One loan) experienced any of the following life events?
- Death – Protected borrower passed away
- Disability – A covered disability occurred due to injury or illness
- Involuntary Unemployment – A covered job loss occurred
- Other Life Events – Accidental dismemberment, terminal illness, hospitalization, family medical leave, and the loss of life of a non-protected dependent
If so, your protected loan may be eligible for payment or loan balance cancellation (up to the contract maximums).
Your purchase of Debt Protection 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 Debt Protection 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.
