Debt Protection

Do you and your family have a safety net if the unexpected happens?

Calcasieu Teachers & Employees Credit Union offers a debt protection product¹ with you in mind. Protect your loan balance and payments against death, disability or involuntary unemployment and help shield your finances and your loved ones.

Debt Protection Benefits:

• Provide peace of mind for you and your family
• Affordable and convenient by simply adding the payment with your monthly note
• Reduce your financial risk by canceling or waiving your monthly payments when your income may be reduced and expenses are higher
   

CTECU gives you choices in the options you have for protection:

• Grade A Protection – this provides the ultimate coverage on your loan by providing Life, Disability, and Involuntary Unemployment protections.
• Grade B Protection – protection for Life and Disability events in your life, helping you maintain great coverage for your loan.
• Grade C Protection – protection for Life Plus² only – this is a great option if you have sufficient disability coverages and just want to provide a little extra peace of mind for your family.
   

¹Your purchase of MEMBERS 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 the credit union, or refer to the Member Agreement for a full explanation of the terms of MEMBERS Debt Protection with Life Plus. 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.

² 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.