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Payment Protection
Because sometimes when it rains, it pours. |
| WECU's Payment Protection program offers great coverage at very competitive rates. To see an example of a price comparison between credit insurance and Payment Protection, click here. For detailed information regarding each product, or to apply, click on the appropriate loan type below. |
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Payment Protection is available for:
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| To have Payment Protection added to your loan, please contact our full-service call center. |
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Payment Protection for VISA Credit Cards
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| Loss of Life |
$0.080 per $100
borrowed
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Balance Cancellation (up to $50,000)
for Accident & Sickness. |
| Disability |
$0.150 per $100
borrowed
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Payment cancellation (for 24 months and up to $24,000) for accident & sickness. Thirty-day waiting period.
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Loss of Life
& Disability |
$0.230 per $100
borrowed
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All of the above. |
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Payment Protection for Consumer Loans
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| Loss of Life |
$0.080 per $100
borrowed
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Balance cancellation (up to $50,000)
for accident & sickness. |
| Disability |
$0.150 per $100
borrowed
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Payment cancellation for
Accident & Sickness.
30-Day Waiting Period
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Loss of Life
& Disability |
$0.230 per $100
borrowed
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All of the above. |
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Payment Protection for Home Equity Loans
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| Loss of Life |
$0.108 per $100
borrowed
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Balance cancellation (up to $75,000)
for accident & sickness.
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| Disability |
$0.108 per $100
borrowed
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Payment Cancellation for
Accident & Sickness.
30-Day Waiting Period
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Loss of Life
& Disability |
$0.214 per $100
borrowed
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All of the above. |
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Sample Cost Comparison
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Cost Comparison on a Consumer Loan
(Per $100 of a joint loan)
| Protection Type |
Life |
Disability |
Both |
| Credit Insurance |
$0.140 |
$0.270 |
$0.410 |
| WECU Payment Protection |
$0.080 |
$0.150 |
$0.230 |
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