Debt Protection
Ease some of the financial risks by adding debt protection to your loan.
Protect your loan with Debt Protection
Taking out a loan for a new vehicle can be a financial gamble, because well, life happens. You’re betting that you can pay back your loan and that you won’t lose your job, become disabled, or pass away. If life takes an unexpected turn, you are still liable for your auto loan. Do you have enough in your emergency savings to cover payments until you find another job? Do you have a disability or life insurance policy that would be enough to cover the cost of the loan? To ease some of the financial risks, you may want to consider adding Debt Protection coverage to your loan. This is a voluntary loan-payment protection that helps offer relief from financial burdens in the event of disability, loss of life, or involuntary unemployment.
The idea is simple; if something happens and you can’t make payments, your Debt Protection coverage may suspend, or forgive your protected payments.
voluntary loan-payment protection
This is a voluntary loan-payment protection that helps offer relief from financial burdens in the event of disability, loss of life, or involuntary unemployment.
Assess Your Risk
When it comes to additional coverage options, the decision is yours. We encourage you to assess your risks, weigh the pros and cons, and make the decision that is best for you.
Paid claims
In 2023, FDLCU paid 29 claims valued at nearly $40,000, to members enrolled in additional coverage, which shows that it truly pays to review your options.
Apply Online for an Auto loan
Getting pre-approved before you shop can help you stay within your budget and save time at the dealer! Simply apply online via the button below.
Have a question?
For assistance or if you have any questions, give us a call at 920-921-1123 to speak to one of Fond du Lac Credit Union’s lending specialists.