Debt Protection can cancel your loan payments in the event of death, disability or involuntary unemployment.
Life: Give your loved ones time to get back on their feet financially in the event of your death by cancelling the loan balance as of the date of death. (Maximum benefit up to $100,000)
Disability: Use this benefit as a supplement to any disability coverage you may receive from your employer. Cancels up to 36 monthly payments with a maximum aggregate benefit of $36,000 per period of disability with a 30-day elimination period.
Involuntary Unemployment: Cancels up to six months of payments up to a total of $3000 with a 30-day elimination period. Borrower must be actively at work 25 hours per week at time of Involuntary Unemployment. Borrower must qualify for and be receiving state unemployment benefits.
Availability: Eglin FCU Debt Protection is available for Auto, Recreational Vehicle, Boat, Personal Watercraft, Signature, Line-of-Credit loans and Eglin FCU Mastercard. Not available on SAFE or home secured loans.
Your purchase of Eglin FCU Debt Protection is optional and will not affect your application for credit. Certain eligibility requirements, conditions and exclusions may apply. Please see Eglin FCU Debt Protection Member Contract/Agreement for a full explanation of the terms. You may cancel the protection at any time. If you cancel protection within 30 days you will receive a full refund of any fee paid. (DP-955324.1-0614-0816)
Routing Number: 263178070
*APR = Annual Percentage Rate.
