Debt protection. Protect your loan from the unexpected.
Life can take some surprising turns. That’s why there’s Debt Protection for your loan. It’s here to help if you or your co-borrower experience involuntary unemployment, disability, or death.
Debt Protection Options
Involuntary Unemployment Protection
This covers the same unemployment for the member or their co-borrower that the state of MN would cover. Seasonal work is not included.
It can be added to your loan at any time.*
Protection: Cancels monthly payments for each 30-day period, consecutive or non-consecutive, that you’re involuntarily unemployed up to a maximum of 6 months, or $6,000, whichever is less. This applies over the term of the loan, per each protected event and each protected borrower.
Disability Protection
This benefits a member if an illness or injury results in their – or their co-borrower’s – being unable to work.
It can be added to your loan at any time.*
Protection: Cancels monthly payments for each 30-day period, consecutive or non-consecutive, up to a maximum of 6 months, or $6,000, whichever is less. This applies over the term of the loan, per each protected event and each protected borrower.
Life Protection
This benefits a member in the event of their death, or the death of their co-borrower.
It can be added to your loan at any time.*
Protection: Cancels remaining loan balance up to $75,000, if you're under 70 years old. Once you turn 70, the canceled loan balance has a maximum of $18,750.
Eligible Loans
Consumer Loans including but not limited to Auto Loans, Recreational Vehicle Loans, and Personal Loans
Credit Cards
Not eligible: Business Loans, Real Estate Loans and Student Loans
For more details about eligibility, contact us.
Cost Breakdown
If you add protection(s) to your new loan right away, the cost is added to your monthly payment. If you add protection(s) later, the term of your loan (how long you need to make monthly payments) is extended. These rates apply only to outstanding balances up to $75,000.
Add 1 protection option
$1.25/mo
per $1,000 of loan balance covered
Add 2 protection options
$2.00/mo
per $1,000 of loan balance covered
Add all 3 protection options
$2.50/mo
per $1,000 of loan balance covered
How to File a Claim
If you've already added payment protection to your loan, you can file a claim online anytime day or night.
To begin, please fill out a claim form using the button below.
If you prefer, call 800.621.6323 to begin the process and a TruStage™ claims specialist will guide you through the process.
TruStage is the marketing name for the TruStage Financial Group, Inc. its subsidiaries and affiliates. © TruStage
File a Debt Protection ClaimGetting started is easy
Applying for a new loan?
If you haven’t applied yet for the loan you’d like to protect, you’ll have a chance to add the options in the loan application.
Already have a loan with us?
If you already have a loan you’d like to protect or you have questions, contact us! Our experienced member advisors can help you find the option that works for you.
Disclosures
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.
*Please note there are some waiting periods, and rules about preexisting conditions.
DP-6505901.1-0324-0426.