keep your cool

When life throws you lemons, dodge them with SunWest Debt Protection. 

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reduce the stress

a young man and woman take a dance break while unpacking their belongings in a new home

We want you to be happy, healthy, and thriving for years to come. Unfortunately, life doesn’t always listen to what we want. In fact, there are often times when life gets in the way of our hopes and dreams, but you don’t have to let the unexpected knock you down for long. As always, your local Arizona credit union has your back and does the most to protect your financial security through our comprehensive Debt Protection plans.

what is debt protection?

Debt Protection is a type of coverage for your loan that alleviates stress in financially tumultuous situations. Losing your job or becoming disabled can mean that you’re not able to make your current loan payments, and then you’re staring down a quick downward spiral. Adding Debt Protection to your loan can take care of those payments for you with no added interest, penalties or hits to your credit. This protection also covers your family members in the case you pass away before your loans are paid. If you have a loan vehicle, it could even be passed on to your next of kin, free and clear. Having Debt Protection on your loans in the event of death pays off your balance, so your family can focus on healing and remembering the good times – not added financial burdens.

debt protection plans

Give your family time to get back on their feet financially and help avoid bills piling up as you try to regain your health and earning capacity. You can also use this benefit as a supplement to any disability coverage you may have at work (which usually only covers 60 percent of your pay). Debt Protection is available for closed-end consumer loans of 120 months or less, credit cards, and closed-end home equity loans of 120 months or less. Choose from the three plans listed below:

plan 1

plan 1 includes death, disability, + involuntary unemployment protection:

death

Loan balance cancelled as of date of death up to a maximum of $75,000

disability

Up to six payments per occurrence cancelled with maximum monthly cancellation of $1,000 and a maximum aggregate benefit of $15,000 over the term of the loan per borrower

involuntary unemployement

Up to four payments cancelled per occurrence with a maximum monthly cancellation of $1,000 and a maximum aggregate benefit of $15,000 over the term of the loan per borrower.

rate per $1000 of loan balance (single)

$1.93

rate per $1000 of loan balance (joint)

$3.55

plan 2

plan 2 includes death + disability protection:

death

Loan balance cancelled as of date of death up to a maximum of $75,000

disability

Up to six payments per occurrence cancelled with maximum monthly cancellation of $1,000 and a maximum aggregate benefit of $15,000 over the term of the loan per borrower

rate per $1000 of loan balance (single)

$1.34

rate per $1000 of loan balance (joint)

$2.39

plan 3

plan 3 includes death protection:

death

Loan balance cancelled as of date of death up to a maximum of $75,000

rate per $1000 of loan balance (single)

$0.65

rate per $1000 of loan balance (joint)

$1.05

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peace of
mind
matters

a mature, bearded man cuddles his tabby cat white sitting at his butcher block kitchen counter

Be prepared to cover monthly expenses when life throws you a curveball and you can’t swing fast enough. Give us a call before you start to panic about the new situation you’re facing financially. Let’s work together to find the Debt Protection plan that works best for what you need, when you need it.