Debt Protection

Cancel or waive your loan payment(s) up to the contract maximums if a protected event such as disability, loss of life, or involuntary unemployment occurs.

Eglin FCU Debt Protection is a voluntary loan protection product that will cancel or waive your loan payment(s), up to the contract maximums if a protected event such as disability, loss of life, or involuntary unemployment occurs. Eglin FCU Debt Protection may be added to your existing loan(s) at any time.
To purchase Eglin FCU Debt Protection, call 850.862.0111 or 800.367.6159 and select Option 2.
(Additional information will be provided before you agree, sign and pay for Eglin FCU Debt Protection.)

How Debt Protection Can Help

Life: Give your loved ones time to get back on their feet financially in the event of your death by cancelling the loan balance as of the date of death. (Maximum benefit up to $100,000)

Disability: Use this benefit as a supplement to any disability coverage you may receive from your employer. Cancels up to 36 monthly payments with a maximum aggregate benefit of $36,000 per period of disability with a 30-day elimination period.

Involuntary Unemployment: Cancels up to six months of payments up to a total of $3000 with a 30-day elimination period. The borrower must be actively at work 25 hours per week at time of Involuntary Unemployment. The borrower must qualify for and be receiving state unemployment benefits.