Navy Federal
Home | Locations/ATMs | Search/Sitemap | Contact Us | Sign On  
Navigation
  Home > Loans > Safeguard Your Loans With a Payment Protection Plan

Safeguard Your Loans With a Payment Protection Plan

For pennies a day, you can protect yourself, your family and your credit from potential financial burdens. We offer inexpensive Payment Protection Plans for credit cards or loans that are designed for life's unexpected turns.

- Have monthly payments cancelled if you become disabled or involuntarily unemployed—including honorable discharge.

- Have balances cancelled in the event of loss of life.

The cost is based on your outstanding loan balance and is included in your monthly or minimum payment. To purchase one of our protection plans,
call 1-888-842-NFCU (6328).

Plan Coverage $100 Borrowed (Primary Coverage) $100 Borrowed (Joint Coverage)
Loss of Life
Up to $100,000 upon loss of life. Age 70 or older, 25% of the outstanding balance—up to $25,000—upon loss of life.
$ .072
$ .144
Loss of Life and Disability

Up to $100,000 upon loss of life. Age 70 or older, 25% of the outstanding balance—up to $25,000—upon loss of life.


Up to 12 months or $12,000 in monthly payments cancelled for disability.

$ .1608
$ .3216
Loss of Life, Disability and Involuntary Unemployment

Up to $100,000 upon loss of life. Age 70 or older, 25% of the outstanding balance—up to $25,000—upon loss of life.


Up to 12 months or $12,000 in monthly payments cancelled for disability.


Up to 6 months or $6,000 in monthly payments cancelled for unemployment.

$ .3536
$ .7072

Your purchase of a Payment Protection Plan is optional. Refer to agreement for eligibility requirements, conditions and exclusions.

< Back

 
 
Personal Finance Planning and Tools About Navy Federal