Payment Protector

Sometimes, life throws you for a loop.
Whether it’s a sudden illness or an unfortunate accident, our Payment Protector will cover any payments that you may need during your time off from work.

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What is it?

Payment Protector is a temporary disability insurance provided by the Credit Union. If you’re unable to work due to temporary sickness or any injury, Payment Protector provides a benefit which covers your regular monthly payments to the Credit Union. These payments include:

Loan installments

Credit to Shares and Deposit Accounts

Insurance premiums

e.g. Family Indemnity Plan (FIP)

All this is paid for you – up to a maximum of two (2) years.

Frequently asked questions

Who qualifies?
Payment Protector is available only to Credit Union members who have a loan(s). Members must be between the ages of eighteen (18) and sixty-five (65) years. If you are unemployed at the time of signing up, you can still get coverage!

How does a member access this service?
Simple! Your loans officer at the Credit Union will help you to complete an enrollment form, and calculate the necessary premium which is included in your loan installment. You will then receive a certificate which highlights the details of the plan.

Get back on your feet

When the unfortunate happens, your focus should be on getting back on your feet, not financial matters. Let our Payment Protector take care of you!

Become a member

Experience the RHAND Credit Union difference with excellent options tailored for every stage of your life, the conveniences you expect, and local, personalized service.

Join Today!