Loan Payment Protection

Give Yourself Peace of Mind in Uncertain Times

Life is unpredictable. You may worry about unexpected, real-life events that could leave you scrambling to pay your monthly bills. Loan Payment Protection can help relieve financial pressure in the event of unemployment, death, or disability. 

With Loan Payment Protection, your loan balance or monthly payments may be cancelled without penalty or added interest. You benefit from the peach of mind knowing you and your credit rating are protected.

Availability
Loan Payment Protection is available to add to any Partner Colorado loan, except first mortgages.

Eligibility
There are eligibility requirements, conditions, and exclusions that apply to this program. Please contact us for additional details.

Involuntary Unemployment Protection

Involuntary unemployment protection helps ensure your loan payment will be taken care of as you search for new employment. Various plans are available, may cover up to six months of payments per occurrence, up to a maximum of $1,500 a month.

End of Life Protection

End of life payment protection is designed to cancel the remaining loan balance should the borrower pass away. The loan balance will be paid off in the event of the member's death, up to a maximum of $75,000 per loan. 

Disability Protection

Disability payment protection is designed to cancel monthly loan payments should you become disabled. Use this benefit as a supplement to any disability coverage you  may have at work. Various plans are available, may cover up to 12 months of payments per occurrence, up to a maximum of $1,500 a month.

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

 

Call us at 303.422.6221 to see if your loan is eligible for Loan Payment Protection.

 

 

This product is optional
Your purchase of loan payment protection is optional. Whether or not you purchase this product will not affect your application for credit or the terms of any existing credit agreement you have with us.

Additional disclosures
We will give you additional information before you are required to pay for loan payment protection. This information will include a copy of the agreement containing the terms and conditions of loan payment protection.

Eligibility requirements, conditions, and exclusions
There are eligibility requirements, conditions and exclusions that could prevent you from receiving loan payment protection benefits. You should carefully read your loan payment protection agreement for a full explanation of the terms and conditions of the plan.

Loan payment protection is not a deposit or obligation of, or guaranteed by Partner Colorado. Loan payment protection is not insured or guaranteed by NCUA or any agency of the federal government.

You may obtain coverage to protect your loan from an entity not affiliated with Partner Colorado.