Debt Protection

Debt Protection

Insurance that covers your NEFCU loan payments in the event that you become disabled, involuntarily unemployed, or loss of life.  Debt Protection is a voluntary loan payment protection program to help borrowers due to an unexpected life event.
 
Benefits of Debt Protection include:
  • Loan balance may be paid or reduced in the event of death.
  • Loan payments are paid should you become disabled, reducing financial stress.
  • Protects family members from assuming your debt.
  • Protects your credit rating.
Eligible loans include New and Used Auto, Recreational, Personal, Platinum Rewards Credit Card, Vacation and Holiday, Overdraft Protection, Education Assistance, OnTrack, Home Equity Line of Credit Loans, and Home Makeover Loans,
 
Please contact the lending team at NEFCU for more information about Debt Protection coverage options - 800-453-3913.
 
If you are like most people, you work hard to protect yourself and your family. Safeguarding your finances is important too! Nebraska Energy Federal Credit Union provides Credit Life Insurance that can help give you peace of mind knowing that your loans will be taken care of in the event of your untimely passing. 

Credit Life will pay off the entire loan balance in the event of death. Cost for this protection varies based on your loan balance.
Credit Disability Insurance is designed to protect you in the event you become injured or cannot work. Credit Disability will make your monthly loan payments until you are able to return to work (some restrictions apply).  
Life can be wonderful. But it can also get complicated when unexpected things happen. Protecting your loans against involuntary unemployment could help protect your finances.