Loan Protection* puts your mind at ease by helping to eliminate financial burdens that can cause undue stress resulting from unforeseen life events. Unitus offers two levels of Loan Protection, Debt Cancellation and Debt Cancellation Plus.

Debt Cancellation:
  • Pays off loans, up to a maximum of $100,000, in the event of death.
  • Both the borrower and co-borrower are eligible for protection.
  • Cost is only $1.49 per $1,000 borrowed, per month.

    • Debt Cancellation Plus:

  • Pays off loans, up to a maximum of $100,000, in the event of death.
  • Should you become disabled, Unitus will make your Unitus loan payments for a maximum of 12 months or $12,000 per loan**.
  • If you become Involuntarily Unemployed, your loan payments will be postponed to a maximum benefit of six months or $3,000 per loan.
  • Both the primary borrower and co-borrower are eligible for protection.
  • Cost is only $2.49 per $1,000 borrowed, per month.

    • Loan Protection is available for most loans, including existing loans, and the cost for this coverage is simply added to your monthly loan payment for convenience.

    As with any loan protection coverage, certain restrictions and limitations apply. For more information, contact our Loan Protection Analyst, Ron Myers at (503) 423-8864 or toll free at (800) 452-0900, ext. 8864, for more information. You can also send us an email.

    *Loan Protection is not an insurance product.
    **There is a 30 day claim Waiting Period for eligible payments to be cancelled.