Because sometimes when it rains, it pours.
WECU's Payment Protection program offers great coverage at very competitive rates. See the tables below for detailed information regarding each product. Payment Protection is available for:
- VISA Credit Cards (Personal Choice or Classic, Platinum, Business [sole prop only])
- Consumer Loans (Automotive, Personal, Timeline, and Secured loans.)
- Home Equity Line of Credit (HELOC) Loans
Loss of Life protection is a debt cancellation product that cancels your eligible loan balance, up to the agreement maximum, should you die before paying off your loan. At the age of 70, the maximum benefit is 25% of your eligible loan balance. Pre-existing conditions may not be covered.
Disability protection cancels your monthly loan payment, up to the agreement maximum, so your loan balance declines should a disability due to a covered illness or injury occur. You must be actively working 25 hours per week at the time disability protection is purchased, unable to do the duties of your usual occupation, and be under the care of a physician. Pre-existing conditions may not be covered.
The Payment Protection program contains certain terms and exclusions. The program protects the first two borrowers listed on the lending agreement. The protected borrower(s) may not qualify for all benefits.