Payment Protection insurance coverage is there to make your loan payments in case of disability or death.
Credit Disability Protection – This insurance takes over loan payments if the borrower becomes ill or disabled and is unable to work, subject to a 30-day waiting period. You must be under 71 years of age to qualify for this program.
Credit Life Protection – In the event of your death during the term of the insurance, Credit Life Protection will pay off the balance of your loan so your family will not be responsible for paying your debt. You must be under 71 years of age to qualify for this program.