Protect your family against the unexpected
With Payment Advantage, you can ensure loan payments continue when you face involuntary unemployment, disability, or death.
With this service, we'll cancel or reduce repayment of your protected CAFCU loan or credit card debt so you and your family don’t have to worry about making payments during a difficult time.*
Contact our Lending Center at 1-800-359-1939, option 2 to enroll today.
Protection when it matters
In your time of need, our claims process is quick and easy. If you elected Payment Advantage on your loan, you can use our convenient claims process to quickly and easily file your claim for any of the following:
- Life
- Terminal Illness
- Accidental Dismemberment
- Hospitalization
- Family Medical Leave
- Loss of Life of a Dependent
- Disability
- Involuntary Unemployment
If you prefer, call 1-800-621-6323 to begin the process and a TrueStage Claims Specialist will guide you through the process.
Protection Benefits:
Life Plus | Disability | Involuntary | |
| Type of Cancellation | Balance Cancellation | Payment Cancellation | Payment Cancellation |
| Type of Protection | Accident & Sickness | Accident & Sickness | Involuntary Unemployment |
Maximum Benefits | $100,000 Limit** | 12 months or $12,000 | 9 months or $9,000 |
When Benefits Begin | N/A | Waiting period = 14 days | Waiting period = 14 days |
| Limitations | 6 month pre-existing before advance | 6 month pre-existing before advance | 3 months after advance |
Protection Options:
| Protection Plan | Available Loan Types | Life Plus | Disability | Involuntary |
| Premier | Vehicle, Credit Card, Signature, Share Secured, Quick Cash, Fixed Home Equity, Member’s Advantage Mortgage. | ✔ | ✔ | ✔ |
| Select | Vehicle, Signature, Share Secured and Quick Cash. | ✔ | ✔ | |
| Basic | Vehicle, Signature, Share Secured, Quick Cash, Fixed Home Equity, Member’s Advantage Mortgage. | ✔ |
For more information or questions connect with us:
*This protection could cancel your loan balance or loan payments up to the contract maximums. Your purchase of Payment Advantage 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 Payment Advantage. 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. Corporate America Family Credit Union Home Mortgages and Home Equity Lines of Credit are not eligible.
**If you pass away before the end of the month during which you reach your 75th birthday, we will cancel your protected balance up to a maximum of $100,000. If you pass away after the end of the month during which you reach your 75th birthday, we will cancel 25% of your Protected Balance as of the date of death, up to a maximum of $25,000.
TrueStage, a mutual insurance holding company, its subsidiaries and affiliates. Payment protection products include debt protection products available through the credit union