Whether you’re taking out a loan to make home improvements or buy a vehicle, it can be a financial gamble because life happens. Play it safe with WEPCO Debt Shield, a voluntary loan-payment protection product. WEPCO Debt Shield helps you get relief from the financial burden of delinquency, default, or foreclosure if a protected life event unexpectedly happens to you. Simple eligibility requirements help ease the enrollment process.
If a protected life event happens to you (and you’re a protected borrower or co-borrower on the loan), WEPCO Debt Shield will cancel or waive your loan payment(s), up to the contract maximums. Lessen your worries, and your family’s worries, about paying loans during a time when your income may be reduced or lost and paying other household bills become challenging. Protected events include:
- Loss of life, including those caused by acts of war
- Disability, including those caused by acts of war
- Involuntary unemployment
Your purchase of WEPCO Debt Shield 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 WEPCO Debt Shield. 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.