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AmeriChoice’s Loan Protection Program

Help preserve your standard of living.

Long-term unemployment (those jobless for 27 weeks or more) has accounted for more than one-third of the total unemployment since July of 2009. Source: Bureau of Labor Statistics, Databases, Tables and Calculators by Subject, June 2013

Whether you’re taking out a loan to make home improvements or buy a vehicle, 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 (through no fault of your own), or become disabled (due to injury or illness), or pass away, which could leave your family responsible for your loan balance. 

Help play it safe.

AmeriChoice’s Loan Protection Program 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 help ease the enrollment process.

Ask about protecting your loan payments.

If a protected life event happens to you (and you’re a protected borrower or co-borrower on the loan), AmeriChoice’s Loan Protection Program will cancel or waive your loan payment(s), up to the contract maximums—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

 

Call a Financial Service Representative at 717-697-3474 and ask about protecting your loans, today.

 

Your purchase of AmeriChoice’s Loan Protection Program 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 the Loan Protection Program. 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.

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