keep your cool

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

features you can appreciate

DIRECT DEPOSIT
overdraft protection
mobile banking
zelle + mobile wallet

what is debt protection?

Debt Protection is a type of loan coverage available for closed-end personal loans, credit cards, and closed-end home equity loans of 120 months or less. This coverage alleviates stress in financially tumultuous situations that prevent you from making your loan payments.

when debt protection kicks in:

Loss of Job

Becoming Disabled

Loss of Life

Debt Protection covers your loan payment in these situations with no added interest, penalties or hits to your credit. Your local Arizona credit union has your back and a plan to protect your financial security through our comprehensive Debt Protection coverage.

plan it out

avoid the spiral

Debt Protection gives you time to get back on your feet + keeps the bills from piling up.

this AND that

It can be used in addition to any disability coverage you may have through work (which usually only covers 60 percent of your pay).

free and clear

In the event of death, Debt Protection allows your beneficiary to claim your full assets at no cost.

adjusts with your balance

Rather than paying a large up-front premium, you pay based on your loan balance. As it goes down, so does the amount you pay for coverage.

Check out the plans listed below:

death

disability

involuntary unemployment

Full remaining loan balance canceled as of date of death

Up to a maximum of $75,000

Up to 6 payments per occurrence canceled

Maximum monthly cancellation of $1,000

Maximum aggregate benefit of $15,000
over the term of the loan per borrower

Up to 4 payments canceled per occurrence

Maximum monthly cancellation of $1,000

Maximum aggregate benefit of $15,000 over the term of the loan per borrower.

rate per $1000 of loan balance
single borrower

$1.93

joint borrowers

$3.55

death

Full remaining loan balance canceled as of date of death

Up to a maximum of $75,000

disability

Up to 6 payments per occurrence canceled

Maximum monthly cancellation of $1,000

Maximum aggregate benefit of $15,000
over the term of the loan per borrower

involuntary unemployment

Up to 4 payments canceled per occurrence

Maximum monthly cancellation of $1,000

Maximum aggregate benefit of $15,000 over the term of the loan per borrower.

rate per $1000 of loan balance
single borrower

$1.93

joint borrowers

$3.55

death

disability

Full remaining loan balance canceled as of date of death

Up to a maximum of $75,000

Up to 6 payments per occurrence canceled

Maximum monthly cancellation of $1,000

Maximum aggregate benefit of $15,000 over the term of the loan per borrower

rate per $1000 of loan balance
single borrower

$1.93

joint borrowers

$2.39

death

Full remaining loan balance canceled as of date of death

Up to a maximum of $75,000

disability

Up to 6 payments per occurrence canceled

Maximum monthly cancellation of $1,000

Maximum aggregate benefit of $15,000
over the term of the loan per borrower

rate per $1000 of loan balance
single borrower

$1.93

joint borrowers

$2.39

death

Full remaining loan balance canceled as of date of death

Up to a maximum of $75,000

rate per $1000 of loan balance
single borrower

$0.65

joint borrowers

$1.05

death

Full remaining loan balance canceled as of date of death

Up to a maximum of $75,000

rate per $1000 of loan balance
single borrower

$0.65

joint borrowers

$1.05

debt protection claims process

We know if you’re making a claim, your head might be spinning out, overwhelmed by everything. Let’s break the claims process down, so you know what comes next.

1.

Report your Debt Protection claim.

To file a claim or check the status of a claim, call 1-800-649-5768.

2.

Confirm eligibility of claim.

Our representatives will review your plan’s eligibility and request any necessary documentation to support your claim.

3.

Loan is paid off or the payment date is adjusted.

Once we have approved your Debt Protection claim, we will either cancel your loan balance or the number of payments covered by your plan.

peace of mind matters

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

what types of loans are eligible for debt protection?
who is eligible for debt protection?*
if i turn 70 during my loan, am i ineligible for coverage?
what exclusions are there to debt protection coverage?
Is there any delay in benefits being active?
if i have a coborrower, do we both have to pay for coverage?
what happens to my debt when i die?

Keep your cool

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


Features you can appreciate

check mark icon
Lorem ipsum dolor sit
check mark icon
Lorem ipsum dolor sit
check mark icon
Lorem ipsum dolor sit
check mark icon
Lorem ipsum dolor sit
check mark icon
Lorem ipsum dolor sit
check mark icon
Lorem ipsum dolor sit
a woman comforts her baby in her arms while standing next to her broken-down car on the side of the road
a young man and woman take a dance break while unpacking their belongings in a new home

Reduce the stress

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.

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

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 one

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 unemployment
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.
$1.93
rate per $1000 of loan balance (single)
$3.55
rate per $1000 of loan balance (joint)

Plan two

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
$1.34
rate per $1000 of loan balance (single)
$2.39
rate per $1000 of loan balance (joint)

Plan three

includes death protection:
Death
Loan balance cancelled as of date of death up to a maximum of $75,000
$0.65
rate per $1000 of loan balance (single)
$1.05
rate per $1000 of loan balance (joint)

Peace of mind matters

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.

young man and woman chatting while sitting on boulders by the beach and watching the sunset