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Payment Protection

Protect your loan. Help preserve your standard of living.

Whether you use your credit card for small or large purchases, it can be a financial gamble because things happen …life happens. You’re betting you can pay back your loan and you won’t lose your job (to no fault of your own), or become disabled (due to injury or illness), or pass away, leaving your family responsible for your loan balance. Life events can cause financial hardship, making bill-paying difficult.

You don’t want delinquent payments and defaulted loans to cause you to lose your assets, negatively impact your credit rating or cause financial distress for your family.

 

Help play it safe.

Wings Financial Payment Protection* is a voluntary loan-payment protection product that helps you get relief from the financial burden of delinquency, default or foreclosure if a protected life event unexpectedly happens to you. And, simple eligibility requirements ease the enrollment process.

 

Protection that matters.

If a protected life event happens to you (and you’re a protected borrower or co-borrower on the loan), Payment Protection will cancel or reduce repayment of your loan debt — helping to lessen your worries and your family’s worries about paying loans during a time when your income may be reduced or lost and paying other household bills becomes challenging.

 

Protected events include:

  • Loss of life, including those caused by acts of war
  • Disability, including those caused by acts of war
  • Involuntary unemployment
 

Add Payment Protection to your loan.

When you apply for your loan in-person, online or by phone, you will be offered information on how you can add this protection.

*Your purchase of Wings Financial Payment 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 Member Agreement for a full explanation of the terms of Wings Financial Payment Protection.

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