Debt Protection

 

We all worry about the unknown. Debt Protection can help build up your financial security should the unexpected appear on your doorstep. Consult with Cyprus Credit Union's lending team to discuss the details of our Debt Protection program.

Even the most responsible person can struggle with bills they can’t pay. When that happens — whether because of injury, illness, or accidental death — Debt Protection may help to eliminate your debt. Debt Protection can:

  • Eliminate all or part of your loan
  • Protect your credit rating
  • Prevent late fees
  • Protect your family and your possessions
  • Free up cash when it’s needed most
  • Pay benefits in addition to any other protection you may have

Protect your family, your credit, and yourself.

Whether it's around the house, on the job, or just being in the wrong place at the wrong time, someone suffers a disabling injury every two seconds. Every day, 350 people die from an accident they never saw coming. And every year, nearly 300,000 people become unable to work because of illness.

Debt Protection can cover your loan when you can't make payments. It’s peace of mind that’s affordable and integrated into your monthly payment. You’ll hardly even know it’s there — unless you need it.

Call 801-260-7600 (dial option 4) to speak with our lending team about Debt Protection today!

 

SUBMIT A DEBT PROTECTION CLAIM

 

Your purchase of Debt Protection is optional. Whether or not you purchase Debt Protection will not affect your application for credit or the terms of any existing credit agreement you have with Cyprus Credit Union. There are eligibility requirements, conditions, and exclusions that could prevent you from receiving benefits under Debt Protection. You should carefully read the contract for a full explanation of the terms.

Select your level of protection

Choose the one that suits you best. There’s no medical exam required. Plus, enrollment is easy!

Option 1 | Loss of Life
We will pay the remaining loan balance in the event of the insured member’s death.

 

Option 2 | Disability
We will pay loan payments in the event of a disabling injury or illness.

 

Option 3 | Loss of Life and Disability
Options 1 & 2 combined.

 

Option 4
Loss of Life, Disability and Involuntary Unemployment
Option 3 plus monthly installment in case of involuntary unemployment for six months.

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The products and services on this page are offered through LPL Financial or its affiliates by Registered Representatives of LPL Financial. These products and services are not credit union deposits, not credit union guaranteed, not insured by NCUA or any other government agency, and may lose value. Cyprus Credit Union is a separate entity and is not affiliated with LPL Financial.
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