Debt Protection & GAP

Debt Protection with Life Plus 

Life can be wonderful. But it can also get complicated when unexpected things happen. Protecting your loan balance or loan payments against [death, disability or involuntary unemployment] could help protect your finances. Life Plus adds protection for financially-stressful life events such as accidental dismemberment, terminal illness, hospitalization, family medical leave, and the loss of life of a non-protected dependent.

It’s easy to apply for Debt Protection with Life Plus. It’s voluntary and won’t affect your loan approval. Call People's Credit Union at 800.498.8930 and ask about protecting your loan today.

Your purchase of Debt Protection with Life Plus is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. Certain eligibility requirements, conditions, and exclusions may apply. Please contact your loan representative, or refer to the Member Agreement for a full explanation of the terms. You may cancel the protection at any time. If you cancel protection within 30 days you will receive a full refund of any fee paid.


Guaranteed Asset Protection (GAP)

Guaranteed Asset Protection (GAP) is designed to eliminate your unpaid auto loan balance in the event your vehicle is totaled or stolen. GAP supplements, but does not replace, your primary auto insurance coverage. GAP is designed for all drivers, whether your finance a new or used vehicle. It may even cover your insurance deductible – up to $1,000 – as part of your claim settlement. And, the cost of GAP can be financed with your loan!