Credit Life & Disability Payment Protection
Protecting your loan is important.
What is Credit Life & Credit Disability Payment Protection?
It’s a way to help protect your loan. There’s no way to predict an injury, illness or an unexpected death, but you can take steps along the way to make sure your family is provided for if the unexpected were to happen to you. Credit Disability and Credit Life Payment Protection may help to make your loan payment to make life easier for you and your loved ones.*
How Does Credit Life & Disability Payment Protection Work?
The fee may be included with your monthly payment. If you have a balance on your loan and are totally disabled due to a protected injury or illness or in the event of your unexpected death, Credit Disability and Credit Life Payment Protection may help cover your loan payment.*
By taking a few simple steps while signing your loan paperwork, you’re helping take responsibility for your family’s financial future.
You can cancel protection at any time if you change your mind. If protection is canceled within the first 30 days you will receive a full refund if the fee has been paid. Protection is immediate for eligible borrowers.
Why is Credit Life & Disability Payment Protection Valuable to You?
Credit Disability and Credit Life Payment Protection work in two different ways. You and your family may not have to make loan payments if you’re totally disabled due to a protected injury or illness. It may help pay your loan until you’re no longer totally disabled, or in the event of your unexpected death, it may help pay off the loan.* Savings, salary, or payoffs from other payment protection may be used for other important things, giving your family financial freedom when they need it most.
Xplore Federal Credit Union can help you plan your family's financial future and preserve the standard of living you worked so hard to achieve. Check with your loan officer for more details on TruStage credit life Payment Protection, including exclusions, limitations, and benefits.
Get Protected Today!
Call a Member Service Representative at (504) 728-4853 or 888-U-XPLORE (897-5673)
Contact us requesting more information about Credit Life and Disability Payment Protection.
*Up to your policy maximums; per terms and conditions and exclusions on your Credit Payment Protection Certificate.
Be sure to read the Credit Payment Protection Application and Certificate of Payment Protection which will explain the exact terms, conditions and exclusions of the policy. Eligibility requirements including age maximums, working requirements and health questions may apply. Also, benefits may be subject to a waiting period. The policy may include maximum protection or benefit amounts and/or durations. Exclusions for pre-existing conditions, normal pregnancy, intentional injury, air travel and/or atomic explosions may apply.
Xplore Federal Credit Union, New Orleans, LA. Your savings is federally insured to at least $250,000 and backed by the full faith and credit of the United States Government - National Credit Union Administration (NCUA), a U.S. Government Agency. Xplore Federal Credit Union is an equal opportunity housing lender.
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