Payment Protection

Life can turn on a dime. And when it does, it’s nice to know that with credit life and disability insurance, debts can be paid for a set amount of time while you get you feet back on the ground.

MemberSource provides borrowing members with specific types of protection for specific debts through CUNA Mutual's Payment Protection*. Life Payment Protection can reduce or pay off your loan in the event of death. Disability Payment Protection can help keep the loan payments current when a covered disability prevents you from earning your usual wages.

• Helps remove the financial burden and obligation from family members of having to pay off the loan if you die or become disabled.
• Helps you avoid the loss of collateral secured by the loan.
• Protects the credit standing of you and your family.
• Preserves the financial resources for your family, keeping more money available for paying extra expenses associated with your death or disability.
• Provides funds to meet other financial obligations.
• Removes one more worry or concern from your family during a time of emotional stress and anxiety.
• Is available to people who otherwise might not be eligible for individual life or health insurance.
• Is part of a sound financial plan.

Ask about Payment Protection on your next MemberSource loan.