Payment Protection PREPARE FOR THE UNEXPECTED Payment Protection Preserve Your Standard Of Living Whether you're taking out a loan to make home improvements or buy a vehicle, you should take steps to protect you and your family in case something unforeseen happens. Life events can cause financial hardship, making bill-paying difficult. You don't want delinquent payments and defaulted loans to impact your finances. Protection That Matters If a protected life event happens to you (and you’re a protected borrower or co-borrower on the loan), Payment Protection will cancel or waive your loan payments, up to the contract maximums—helping to lessen your worries, and your family’s worries, about paying loans during a time when your income may be reduced or lost and paying other household bills becomes challenging. We offer a number of options you could protect yourself against. These events could include: Loss of life, including those caused by acts of war Disability, including those caused by acts of war Involuntary unemployment Purchase A Payment Protection Plan To purchase an Ideal Payment Protection Plan, call 651-770-7000 or visit one of our branches to speak with an Ideal Representative. Payment Protection Plan Coverage $100 Borrowed* Life Up to $100,000 $0.449 Life & Disability Up to $100,000 upon loss of life Up to 12 months or $12,000 in monthly payments canceled for disability $0.349 Life, Disability, Unemployment & Family Leave Up to $100,000 upon loss of life. Up to 12 months or $12,000 in monthly payments canceled for disability Up to 6 months or $6,000 in monthly payments canceled for unemployment $0.149 Your purchase of Payment 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 [DP Program Name]. 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. Member Benefits Love My CU Rewards Insurance Discounts Payment Protection Educational Seminars HomeAdvantage™ Call 651-770-7000 (651) 770-7000 Make an Appointment Privacy Policy 296076262 The Ideal Life is Social Facebook Twitter LinkedIn Instagram NCUA Equal Housing Opportunity NMLS# 401783 Routing# 296076262 Contact Us (651) 770-7000 (800) 247-0857 CURRENT RATES WHAT'S NEW Educational Seminars Member Discounts $1,000 Monthly Winner MEO CODE CONTACT US MAKE AN APPOINTMENT BRANCHES & ATMS MEMBERSHIP Become a Member Apply for a Loan CAREERS ABOUT IDEAL CU Our Story In the Community Read Our Blog Press Room Read Our Newsletter ADA Statement © Copyright 2021 Ideal Credit Union - Website Provided by 'corePHP' LLC