Loan Payment Protection
Debt Protection
Your safeguard against the unexpected. Do everything you can to take care of the ones you love.
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 is Debt Protection, which may cancel your loan balance or payments in case of:
Involuntary Unemployment
Disability
Death
Debt Protection Life Plus
For additional protections, Life Plus can extend your Debt Protection to address a wide range of circumstances, giving you the reasurrance of knowing you’ve taken the steps to help secure your finances.
Accidental dismemberment
Terminal Illness
Hospitalization or family medical leave
Death of a non-protected dependent
Mechanical Repair Coverage (MRC)
Essential protection against costly repairs.
This coverage may help limit unexpected covered repair costs as your vehicle ages, potentially saving you thousands of dollars in repairs. What’s more, it works at any authorized repaid facility in the U.S or Canada.
Coverage Benefits:
Rental reimbursement
24 hour emergency roadside assistance
Travel expense reimbursement
Key replacement
Paintless dent repair
No out of pocket expense (except for any deductible)
Cancelable
& SO many more
GAP Insurance
If you are in the market for a new auto loan, purchasing GAP insurance from PALCO for only $699.00 can provide an additional piece of mind (Cost is broken down and added onto your payments). Contact PALCO Federal Credit Union for details at (570) 546-2333.
Loan Protection Insurance and MEMBER'S CHOICE® Debt Protection Insurance are underwritten by CMFG Life Insurance Company:
CDCL-0810-495C