How Payment Protection Works

Your loan payment* will be cancelled for a period of time without penalty, added interest, or being reported as delinquent to the credit bureau when one of the following covered events occur: Death - gives your family time to get back on its feet financially. Disability** - helps you avoid bills piling up as you try to regain your health and earning capacity. Use as a supplement to any disability coverage you may have at work (which usually covers only 60 percent of pay). Involuntary Unemployment** - gives you assurance during a difficult time that one of your major monthly expenses will be taken care of as you search for new employment. Family Medical Leave - helps your family with a major expense during what is often an unusually hectic time - a leave from your job for family or medical reasons. Hospital Stay - provides peace-of-mind and one less worry while you're in the hospital. *Digital Federal Credit Union Payment Protection is available for closed-end consumer loans if the loan has a term of 120 months or less and credit cards. **For Disability and Unemployment benefits, covered borrower must be gainfully employed outside his/her residence for at least 30 hours per week.