DEBT PROTECTION
PEACE OF MIND IN TIMES OF UNCERTAINTY
Ensure your loan payments are covered in case of unforeseen circumstances.
SAFEGUARD AGAINST FINANCIAL HARDSHIP
Life is unpredictable. It’s natural to have concerns about life events that can potentially lead to financial hardship, such as death, disability, or involuntary unemployment. Are you as protected as you should be? Debt Protection provides you with peace of mind knowing you have taken action to safeguard your family. Ask us about Debt Protection the next time you take out a Silver State Schools Credit Union loan!
DEBT PROTECTION FAQs
Debt protection insurance is a policy that covers loan payments in the event of unforeseen circumstances like death, disability, or involuntary unemployment, providing financial security for borrowers.
If a borrower with debt protection insurance were to become disabled and unable to work, the insurance would cover their loan payments until they could resume employment, preventing financial strain during their recovery period.
PROTECT YOUR MOST VALUABLE ASSETS
SET YOURSELF UP FOR FINANCIAL SUCCESS
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Key strategies to get yourself on the path to financial freedom.
This product is optional. Your purchase of debt protection is optional. Whether or not you purchase the product will not affect your application for credit or the terms of any existing credit agreement you have with us.
Additional disclosures. We will give you additional information before you are required to pay for debt protection. This information will include a copy of the contract containing the terms and conditions of debt protection.
Eligibility requirements, conditions, and exclusions. There are eligibility requirements, conditions and exclusions that could prevent you from receiving debt protection benefits. You should carefully read your debt protection contract for a full explanation of the terms and conditions of the debt protection program.