Dover Federal Credit Union

Loan Payment Protection

To protect yourself and your family in the event of your death or disability, we suggest you consider purchasing affordable loan payment protection. Dover Federal offers low cost credit life and credit disability payment protection on any loan. To calculate how affordable our payment protection is for your next loan, click here.

Credit Life Payment Protection
MEMBER'S CHOICE^® Credit Life gives you an easy way to protect your loved ones from the unexpected. It reduces or pays off your outstanding loan balance, up to the policy maximum, if you were to die before paying off the loan.

MEMBER'S CHOICE^® Credit Life is convenient, economical, flexible and tailored to your specific needs. It offers these advantages:

Reduces or pays off your covered loan balance
Protects survivor's credit rating
Requires no complicated enrollment forms or physical exam
Offers the convenience of including premium in your loan payment
Helps protect collateral against repossession

Use the Life Protection Worksheet to determine if you could benefit from MEMBER'S CHOICE^® Credit Life protection. Then ask your loan officer about protecting your next loan.

Credit Disability Payment Protection
MEMBER'S CHOICE^® Credit Disability is convenient, economical, flexible and tailored to your specific needs, as well. It offers these advantages:

Makes your covered loan payments if you become disabled
Helps protect credit rating and collateral
Reduces financial burden during recovery
Requires no complicated enrollment forms or physical exam
Offers the convenience of premium included in your loan payment

Use the Disability Protection Worksheet to determine if you could benefit from MEMBER'S CHOICE^® Credit Disability protection. Then ask your loan officer about protecting your next loan.

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