Debt Protection Products

Land of Lincoln Credit Union offers several ways to protect your investments and purchases through our affordable, convenient and reliable debt protection plans. Find out more by reading about our products listed below.

Land of Lincoln Credit Union's Debt Protection

Land of Lincoln Credit Union’s Debt Protection is a voluntary loan-payment protection product that helps you get relief from the financial burden of delinquency, default, or foreclosure if a protected life event unexpectedly happens to you. Simple eligibility requirements help ease the enrollment process.

Life events can cause financial hardship, making bill-paying difficult. You don’t want delinquent payments and defaulted loans to cause you to lose your assets, negatively impact your credit rating, or cause financial distress for your family.

Help Preserve Your Standard of Living

How will you make your loan payments if:

  • You die?
  • You become disabled?
  • You lose your job?

Whether you’re taking out a loan to make home improvements or buy a vehicle, it can be a financial gamble because things happen...life happens. You’re betting you can pay back your loan and you won’t lose your job (through no fault of your own), or become disabled (due to injury or illness), or pass away, which could leave your family responsible for your loan balance.

We offer loan protection that can help.

Protection That Matters

If a protected life event happens to you (and you’re a protected borrower or co-borrower on the loan), Land of Lincoln Credit Union’s Debt Protection will cancel or waive your loan payment(s), 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. Protected events include:

  • Loss of life, Including Those Caused by Acts of War
  • Disability, Including Those Caused by Acts of War
  • Involuntary Unemployment
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 full explanation of terms of
Land of Lincoln Credit Union’s 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.

Your purchase of Land of Lincoln Credit Union’s 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 full explanation of terms of Land of Lincoln Credit Union’s 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.

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