Debt Protection with Life Plus

Life can take some unexpected turns. Protect your family and your finances with Debt Protection with Life Plus. It’s another way you can look out for the ones you love.

Financial protection for the unexpected

  • Protects in case of involuntary unemployment, disability or death

  • Also includes accidental dismemberment, terminal illness, hospitalization or medical leave, death of a non-protected dependent

  • It’s easy to obtain, budget-friendly and puts you at ease

Eligible Loan Types


Prepare for the Unexpected

1

Become a Member

Quickly and easily complete your application online, by phone or at one of our branches.

2

Take Out Your Loan

Apply for a loan that’s eligible for Debt Protection with Life Plus, such as an auto loan or personal loan.

3

Add Loan Protection

Sign up for Debt Protection with Life Plus when you first take out the loan. You may choose to add it later if you are eligible.

Calculate Your Loan Payment

Debt Protection with Life Plus FAQs

Can Debt Protection with Life Plus be added to any loan?

Debt Protection with Life Plus can be added to most auto, vehicle, personal loans, and credit cards. Talk to your loan representative if you have questions about whether your loan is eligible.

Do I get a refund if I cancel my protection?

Fees are charged monthly. You can cancel protection at any time. If you do so within the first 30 days of electing protection, you will receive a refund of any fees paid.

What are the protection benefits of Debt Protection with Life Plus?

  • Life: up to $50,000 per loan. The protection amount reduces at the end of the month when you reach your 75th birthday

  • Disability: the lesser of 12 monthly payments or $12,000, per disability, after a 14-day waiting period.

  • Involuntary Unemployment: the lesser of 6 monthly payment or $3,000, after a 14-day waiting period.

  • Credit Cards: the Protected Payment amount is the greater of either the minimum payment required or $200. The Protected Payment amount will never exceed the Protected Balance on your card.

* Refer to the contract for complete terms

Can I change my protection after I get my loan?

Yes, you can change or cancel Debt Protection on eligible loans at any time, provided the borrower and loan are eligible.

Talk to a Loan Representative

Related Tools & Resources

Personal Loans

Pay off your high-interest credit cards, remodel your home or cover unexpected expenses with a personal loan or line of credit.

Check out our Auto Loans

Whether you’re looking for a two-seater roadster or a new pickup truck, you can simplify the buying process by getting pre-approved for a VyStar auto loan.

Free Financial Counseling

As a VyStar member, you get free counseling from BALANCE to help you take control of your money and meet your financial goals.

Your purchase of 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 your loan representative or refer to the Member Agreement for a full explanation of the terms of 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.

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