Your job can be dangerous. What would your family do if you couldn't keep up payments for your auto or any other type of loan obligation? Payment protection1 from Houston Police Credit Union helps protect you from that risk.
Payment protection1 is a voluntary loan program that helps you get relief from financial burdens you may face if you're faced with the unexpected. When you enroll, you can suspend or cancel all or part of your obligation to pay your loan in the event of your involuntary unemployment, disability or death.
With payment protection1, you have the flexibility to design your coverage. Our payment protection1 covers many types of loans such as:
- Consumer Loans
- Home Equity Loans
- Lines of Credit
- Credit Cards
Your family shouldn't have to worry about expenses when you're gone. Reduce or pay off your outstanding loan balance, up to the policy maximum, at death.
Ensure your ability to make your monthly loan payment should you become disabled due to a covered illness or injury.
For more information on our payment protection1 or to become a member, visit any of our branches or give us a call, today!
1 Insurance products are issued by Minnesota Life Insurance Company - A Securian Company (Home Office: St. Paul, MN).