Payment Protection

A loan for your auto or other major purchase could represent a significant burden on your family if you were to become disabled, unemployed, or pass away unexpectedly. Not being able to make the loan payments could make a difficult situation even worse.

Payment Protection is a voluntary debt cancellation program that may cancel your loan balance or your monthly loan payments (up to the plan maximums and depending on the option selected) in the event of disability, involuntary unemployment, death, or other protected life event, such as: accidental dismemberment, terminal illness, or hospitalization.

Protected amounts vary by plan, but as an example, your outstanding loan balance may be canceled up to $100,000 for loss of life and your monthly loan payments may be canceled for up to $24,000 or 24 months in the event of disability. Protection is available to single and joint borrowers. The cost is based on the monthly outstanding loan balance and decreases as your loan balance decreases.For additional information please stop by any Alaska USA branch or call Insurance Services at 907-264-4700 or toll free at 1-833-496-7304.

Your purchase of Debt Protection with Life Plus is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. Certain eligibility requirements, conditions and exclusions may apply. Please contact your loan representative or refer to the Member Agreement for a full explanation of the terms of Debt Protection with Life Plus. 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-3395031.1-0121-0423 Cuna Mutual Group© 2021, All Rights Reserved.