Loan Protection
Life is unpredictable. Loan Protection from MCCU is there for you in case unexpected events leave you scrambling to pay your monthly bills. It can help relieve financial pressure when family and loved ones need it most.
Your loan balance will be canceled or your monthly loan payments suspended without penalty or added interest. Gain peace of mind for you and your family with Loan Protection.
Summary
- Protection to cover loans from MCCU
- Loan balance is canceled or monthly payments put on hold
- Activated in the case of:
- Involuntary unemployment
- Family leave
- Hospitalization
- Death of natural causes or accidental death
- Relieves financial stress in time of need
- Protects credit score rating
- Low premium rolled into regular loan monthly payments
