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I Never Get Sick
Filed under: Lending, Personal Finance, Young Adults, Adults, Retirees
One minute you're fine, the next minute you're laid up. A car wreck, a fall on the stairs, knee surgery, or a wide array of other incidents can keep you from being able to work. If no work means no paycheck, you should look into Payment Protection for your Earthmover loans.
Payment Protection, also known as credit disability insurance, makes your loan payments while you are totally and continuously off work for more than fourteen days. Day one starts when your doctor determines you can't go to work. After the fourteen day waiting period the benefits are retroactive to day one. Your loan payments can be made for up to the first 12 months so you can concentrate on getting well not on how you'll make your loan payments.
Next time you get a loan at your credit union, find out more about Payment Protection and see if it's right for your situation.
