Debt Protection

Rest easy about loan payments during unexpected circumstances.

A loan payment is the last thing you want to think about when an unfortunate event transforms your financial situation. Here’s how Debt Protection from OCCU has you protected:

Add Debt
Protection

When you’re approved for a loan with OCCU, you’ll have the option of adding Debt Protection on qualifying loans at any time.

Unexpected
event occurs

Hopefully none of these events occur in your near future, but loss of life, a disability or job loss can happen at any time.

Give OCCU
a call

Reach out to us when a qualifying event makes it difficult to pay your loan. We’re here to help.

Get payments
protected

Depending on the event, we may be there for you and your loved ones for the entire loan or until you recover.

Debt protection features

Protects unexpected unemployment

If you lose your job due to events outside your control, Debt Protection may cancel your payments for up to six months or $6,000 per occurrence.

Protects against disability

In the event of a disabling illness or injury that threatens your financial stability, your loan payment may be cancelled for up to 12 months or $12,000 per occurrence.

Safeguards in the event of death

If the loss of a loved one who opted for protection impacts your ability to make payments on a loan, you could have the entire balance of the loan cancelled up to the contract maximums.

Choose from many levels of protection

We offer different levels of Debt Protection that are as basic or comprehensive as you need. Talk with an OCCU representative about what’s best for you.

Contact us

Is Debt Protection right for you?

There are many factors that make Debt Protection a wise investment for certain vehicle owners including:

  • The size of your loan
  • Your income and savings
  • Eligibility requirements
  • Cost of plan

Have questions?

Want to learn more about Debt Protection? Let’s connect!

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.
DP-1880743.1-0817-0919.