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Debt Protection

Insurance

Debt Protection is a voluntary financial protection product that may cancel or suspend all or part of a borrower's eligible loan payments or outstanding balance if certain covered life events occur, such as death, disability, or involuntary unemployment. Coverage is subject to the agreement's terms, conditions, limitations, and exclusions.

Debt Protection helps borrowers manage loan obligations during covered life events while supporting financial stability and peace of mind.

Why it matters for financial institutions

Debt Protection helps borrowers remain financially resilient during unexpected hardships while reducing the risk of loan delinquency and loss. For financial institutions, it enhances the lending experience, strengthens customer relationships, supports portfolio performance, and creates opportunities for non-interest income through voluntary protection programs.