Occasionally, taking out a responsible loan becomes a financial uncertainty. Because things happen…life happens. Of course you assume you’ll pay back your loan according to the terms. But what if you lose your job, or become disabled (due to injury or illness) or pass away? You certainly don’t want to incur delinquent payments, or worse, a loan default that may negatively impact your credit rating, cause you to lose assets or result in financial distress for your family.
That’s why we’re pleased to introduce Bronco Safeguard, 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.
If a protected life event does occur (and you’re a protected borrower or co-borrower on the loan), Bronco Safeguard will cancel or reduce repayment of your loan debt. Protected life events include:
- Loss of life, including those caused by acts of war
- Disability, including those caused by acts of war
- Involuntary unemployment
Disclaimer: Bronco Safeguard is a debt protection product offered by Bronco FCU. Enrollment in this debt protection product is voluntary and not required to obtain a loan. Please contact a Bronco FCU loan officer for additional information on benefit maximums, eligibility, limitations, and a copy of your contract.
