Your purchase of MEMBER's CHOICE Lifeline Loan Protection is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. Certain eligibility requirements, conditions, and exclusions may apply. Please contact your loan representative, or refer to the Member Agreement for a full explanation of the terms of MEMBER'S CHOICE Borrower Security. You may cancel the protection at any time. If you cancel protection within 30 days you will receive a full refund of any fee paid. DP, GAP, MRC-1107939. 1-0115-0317.
Whether you're taking out a loan to make home improvements or buy a vehicle, it can be a financial gamble because things happen. Life happens!
You're betting you can pay back your loan and you won't lose your job (through no fault of your own), or become disabled (due to injury or illness), or pass away, which could leave your family responsible for your loan balance.
Life events can cause financial hardship, making bill-paying difficult. You don't want delinquent payments and defaulted loans to cause you to lose your assets, negatively impact your credit rating, or cause financial distress for your family.
Speak with a Financial Services Officer to discuss your options with Lifeline Loan Protection.