
Teachers federal credit union home equity loan
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When does protection terminate. Your protection terminates on the scheduled maturity date of the loan, the date the loan is repaid or refinanced, or the date the loan is transferred to another creditor. Protection may also end on the day you become more than 90 days delinquent on your obligation to the Credit Union, when the Credit Union terminates the group policy, unless you have paid a single premium, or when you choose to terminate the coverage.
No, Credit Disability Insurance only covers your loan if your inability to work is caused by illness or injury. You are welcome to contact the Credit Union at any time, just keep in mind that any benefits will not be paid until after the 14th day of disability. You do not need to wait the 14 days, teachers federal credit union home equity loan earlier you notify the Credit Union the click.
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