Life changes constantly so protect your family against the unexpected today with Debt Protection so you and your family can worry a little less about tomorrow.
What is Debt Protection?
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 family finances.
Debt Protection with Nuvision could cancel your loan balance or loan payments up to the contract maximums and it is simple to apply. Purchasing protection is voluntary and won’t affect your loan approval.
Debt Protection Plans were designed with you in mind and are available in both Single and Joint options*on loans. Nuvision also offers a blended rate for Visas.
- Life Plus
- Life Plus and Disability
- Disability and Involuntary Unemployment
- Life Plus, Disability, and Involuntary Unemployment
Life Plus adds protection for life events such as accidental dismemberment, terminal illness, hospitalization, family medical leave, the loss of life of a non-protected dependent, and loss of life of a protected borrower. In the event of death, 100% of the protected loan balance is canceled, up to a maximum of $100,000, if the protected borrower passes away before the end of the month during which the borrower's 75th birthday. After the end of the month during which the borrower's 75th birthday, the amount maximum is reduced to 25% of the protected loan balance, up to a maximum of $25,000.*°
Disability protects you when you are unable to work due to accidental injury or sickness, and cancels your payments up to 12 months or $12,000 per occurrence.*
Involuntary Unemployment protects should you involuntary lose your active employment, and can cancel your payments up to 6 months or $6,000 per occurrence.*°
Upgraded Benefits Effective October 1, 2024, this notice outlines important changes to the terms and conditions of the Member’s Choice Borrower Security Program, now rebranded as Debt Protection. The updates include adjustments to program fees and changes to protection levels, so members are encouraged to review the new Member Agreement for complete details on how these changes may impact their loans and credit cards.
Additional Information
You can add this Debt Protection benefit during your loan application process, or any time after funding on any qualifying loan. Call Nuvision and speak to one of our representatives today at 800-444-6327.
Cancel at any time
You may terminate protection on your loan and if you do so within 30 days of electing protection we will credit your loan any fees already paid.
Want to learn more?
Talk to one of our representatives today by calling 800-444-6327 to learn the details about our optional Nuvision Debt Protection plans.
*Debt Protection 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 contract for a full explanation of the terms. You will receive the contract before you are required to pay for Dept Protection. 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.
° As of October 1, 2024.
DP-6980790.1-0924-1026.
