Debt Protection

What is debt protection?

Debt protection is available for consumer loans, and credit cards.

Debt protection may cancel your outstanding loan balance or cancel your monthly payment without penalty or added interest if an unexpected, covered event were to happen.

Why debt protection might be right for you

• Helps protect your credit rating by saving you from defaulting on a loan
• Adds cost-effective financial protection to your financial portfolio
• Can provide a financial safety net when you or your loved ones may need it most

Things to consider

Debt protection can help supplement any insurance or savings you may already have. Consider all your monthly expenses, such as housing, groceries, medical, childcare, vehicle, and credit card payments. If something were to happen to you, would you and your loved ones have enough to get them through?

Cancel at any time

You may cancel debt protection at any time. If you do so within the first 30 days, we will refund any fees already paid.

Learn more

For more information on debt protection insurance, contact one of our Financial Representatives at 804-748-9488 or 800-943-3328.