Debt Protection with Life Plus
Your safeguard against the unexpected.
What is Debt Protection?
Your family means everything to you. And if the unexpected happens, you don’t want an emotionally trying situation to be compounded by financial worry. That’s why there’s Debt Protection, which may cancel or reduce your loan balance or payments up to contract maximums in case of:
- Involuntary unemployment
- Disability
- Death
Life Plus
For additional protections, Life Plus can extend your Debt Protection to address a wide range of circumstances, giving you the reassurance of knowing you’ve taken steps to help secure your finances.
- Accidental dismemberment
- Terminal illness
- Hospitalization or family medical leave
- Death of a non-protected dependent
Things to know about Debt Protection
It's Easy
Simple to apply and takes effect immediately.
It’s budget-friendly
Comfortably fits into your monthly payment.
It puts you at ease
Rest easy, knowing you’re taken care of in so many problem situations.
Why Consider Debt Protection Coverage?
Life is full of unexpected moments, and sometimes those moments come with financial stress. Debt Protection coverage can help provide peace of mind by helping protect your loan payments when life doesn’t go as planned.
Whether it’s an illness, job loss, or an unexpected repair, having a safety net in place can help keep your finances on track.
Why Members Choose Debt Protection
Unexpected expenses are common.
%
Nearly 8 in 10 people worry about being able to meet loan obligations if an unexpected expense arises, such as costly vehicle repairs or medical bills.
Financial uncertainty is a real concern.
%
More than 58% of consumers say they are concerned about unexpected expenses and their ability to keep up with loan payments.
Interest in payment protection is growing — peace of mind matters.
%
About 64% of consumers express interest in payment protection options when taking out a loan.
%
Since 2019, there has been a 68% increase in consumers considering payment protection, showing that more people are looking for ways to safeguard their financial stability.
By adding Debt Protection to your loan, you can help protect your finances and your family’s financial well-being—so you can focus on what matters most.
Ask A&S Federal Credit Union about Debt Protection options when applying for your loan.
Source: 2023 Consumer Lending Preferences Research conducted by TruStage in partnership with Epsilon.
Serving Members in and surrounding Beaver Valley since 1940
As your hometown credit union, we’ve provided financial solutions to members in the Beaver Valley region for over 85 years. We’re proud to serve communities like Aliquippa, Sewickley, Coraopolis, Raccoon Township, and beyond—offering financial tools to help you thrive.
Take a step toward financial security.
Ask us about Debt Protection with Life Plus today.