Secure Your Finances with Debt Protection

Managing finances can be challenging, especially when unforeseen events disrupt your income or increase your expenses. One way to protect yourself financially in these situations is through Debt Protection.

What is Debt Protection?

Debt Protection is an optional coverage that can help cancel or reduce your loan payment in the event of unexpected hardships such as involuntary unemployment, disability, or death. It offers peace of mind, ensuring that you or your loved ones won’t be burdened with unmanageable debt during difficult times.

When you purchase Debt Protection, it’s added to your monthly payments. This coverage is available for Interior Federal credit cards, personal loans, vehicle loans, and home equity loans.

Why You May Consider Debt Protection

Debt Protection offers several key benefits:

• Easy: Simple to apply for and takes effect immediately.
• Budget-friendly: Comfortably fits into your monthly payment.
• Puts you at ease: Rest easy, knowing you’re taken care of in so many problem situations.

Adding Debt Protection to Your Loan

1. Send a secure email or chat through digital banking.
2. Have the loan information you would like to add Debt Protection to (vehicle, personal credit card, or home equity).
3. Our staff will assist you in adding the cost of Debt Protection to your loan payments each month. This way, you only pay for the coverage based on the outstanding principal on the loan.

Adding Debt Protection to your loans is a proactive step towards ensuring that you’re prepared for life’s uncertainties, helping you stay on track with your financial goals.

Your purchase of Debt 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 Debt Protection. 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.

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