protection WHEN PLANS CHANGE
Debt protection helps support your financial stability by covering loan payments during covered life events such as job loss or disability.
SunWest’s comprehensive debt protection program is designed to help ease the stress of making your monthly loan payments when life takes an unexpected turn.
Available on closed-end personal loans, credit cards, and home equity loans (120 months or less), this coverage can step in during events like job loss, disability, or loss of life so you can stay on track without added interest, penalties, or hits to your credit.
If you need to use your debt protection, you don’t have to figure it out on your own. We’ll walk you through it and help you understand what to expect during the process.
Compare our plans below to see what’s covered, how much is protected, and what suits your situation best.
Plan
Death
Disability
Involuntary Unemployment
Monthly Cost
(per $1,000 borrowed)
Complete Protection
Comprehensive coverage
Full remaining loan balance canceled (up to $75,000)
Up to 6 payments canceled per occurrence
Max $1,000/month
Up to $15,000 over the life of the loan
Up to 4 payments canceled per occurrence
Max $1,000/month
Up to $15,000 over the life of the loan
Single: $1.93
Joint: $3.55
Extended Protection
Life + disability coverage
Full remaining loan balance canceled (up to $75,000)
Up to 6 payments canceled per occurrence
Max $1,000/month
Up to $15,000 over the life of the loan
Single: $1.34
Joint: $2.39
Essential Protection
Life-only coverage
Full remaining loan balance canceled (up to $75,000)
Single: $0.65
Joint: $1.05
Check Your Eligibility
Eligibility depends on your age, health history, and employment status. Here’s a quick breakdown:
All Plans
Under age 70:
Comprehensive + Extended
Comprehensive
*APR = Annual Percentage Rate. On approved credit. Certain terms, restrictions and conditions apply. Refinanced loan interest rate cannot be lower than 4.99% APR when refinancing up to 2.00% APR below your existing rate. The first payment may be deferred for up to 90 days. Your loan will accrue interest during that time. Proof of current loan rate may be required prior to closing in order to receive the refinanced rate. Offer is for vehicle refinance applications processed before July 6, 2026. This offer does not apply to vehicles currently financed through SunWest Federal Credit Union. Rates are subject to change without notice. $50 donation per funded loan will be made to Valley of the Sun United Way. SunWest reserves the right to modify or discontinue a portion or all of this promotion at any time.
See a representative for complete details, qualifications, and disclosures.
If you need to use your debt protection, you don’t have to figure it out on your own. We’ll walk you through it and help you understand what to expect during the process.
What types of loans are eligible for debt protection?
Debt protection may apply to closed-end personal loans, vehicle loans, lines of credit, credit cards, second mortgages, and home equity lines of credit.
What exclusions apply to debt protection coverage?
Certain situations are not covered, including self-inflicted injuries, pre-existing conditions, acts of war, or repeat claims from the same event.
Additional exclusions apply for disability and unemployment. For example, coverage does not apply to normal pregnancy, elective procedures, voluntary resignation, retirement, or termination due to misconduct or labor disputes.
Is there a waiting period before benefits begin?
Yes. There is a 90-day waiting period for involuntary unemployment, and a 30-day elimination period for both disability and unemployment.
If I have a co-borrower, do we both need coverage?
Not necessarily. You can choose to cover just one person, but it must be the primary borrower. Coverage cannot be applied to only the co-borrower.
If I turn 70 during my loan, am I still eligible for coverage?
Coverage is available up to your 70th birthday. Once you reach that age, your plan ends and you’ll no longer be charged for debt protection.
What happens to my loan debt when I pass away?
It depends on the type of loan, any collateral tied to it, and how your estate is structured.
For example, a mortgage must typically be paid before ownership transfers to your estate or beneficiaries. For unsecured debt, funds from your accounts with the lender may be applied to the balance, with any remaining amount going to your beneficiary.
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