Payment protection for loans
Life can throw curveballs — and when it does, the last thing you want to worry about is making loan payments.
Because life doesn’t always go as planned
Protect what matters
If you experience an unfortunate and unexpected event like disability, involuntary unemployment or death, Payment Protection may cancel your loan balance or monthly payments (up to contract limits) without penalty or added interest.
Life is unpredictable. Unexpected events like death, disability, or unemployment can make it hard to keep up with loan payments. Payment Protection helps relieve that burden by canceling your loan balance or monthly payments (up to contract limits) without penalty or added interest.
In the event of death, Payment Protection may cancel the remaining loan balance up to the maximum stated in your contract.
If you become disabled, Payment Protection may cancel a set number of monthly loan payments, up to the maximum allowed by your contract.
If you are involuntarily unemployed, Payment Protection may cancel a set number of monthly loan payments, up to the contract limits.
No. Payments canceled under Payment Protection are done without penalty or added interest.
No, it’s optional. You can choose the plan that best fits your family’s financial protection needs.
Call 541-714-4000 or visit any branch to enroll.
Coverage depends on your loan type and contract terms. Contact us for details.
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