Phone: (425) 297-1000

Loan Protection Plus

NW Plus CU offers low cost payment protection that may be purchased for consumer loans. We protect our members and their families by providing debt cancellation or suspension in the case of death, disability, unemployment, or family leave with this option.

Loan Protection Plus allows peace-of-mind by allowing borrowers to protect their credit during uncertain times.

Summary

Protect your credit
Low cost
Easy application process
Additional peace of mind

Plan Options

There are four plan types offered:

Plan A: Death, Disability, Involuntary unemployment, Family leave
Plan B: Accidental death, Disability, Family leave
Plan C: Death
Plan D: Accidental death and disability

Credit protection is voluntary for the borrower and/or the co-borrower and not required to obtain credit. Joint borrowers are not eligible for disability. Application is typically done at the time of the loan and the fee can be included in the monthly payment. The cost is based on loan type and amount and is the same for each person, regardless of age.