OceanAir Loan Protection

Protect Your Family Against The Unexpected

Life can be wonderful, but it can also get complicated when unexpected things happen. Protecting your loan balance or loan payments against death, disability, or involuntary unemployment could help protect your finances.

This protection could cancel your loan balance or payments up to the contract maximums.

Life Plus adds protection for life events such as accidental dismemberment, terminal illness, hospitalization, family medical leave, and loss of life of a non-protected dependent. Protect your loan balance or loan payments today so your family can worry a little less about tomorrow.

In the Event of…	Death	Disability	Involuntary Unemployment
What Happens…	Protected borrower passes away	A covered disability occurs due to injury or illness	A covered job loss occurs
It Cancels This… up to the contract max	Your payments or loan balance	Your loan payments	Your loan payments
Your May Be Eligible If You…	Have an eligible loan	Are a permanent employee who is actively working*	– Are a permanent employee who is actively working* – Are honorably discharged

*Refer to the member agreement for a full explanation of terms and conditions.

Ask a Loan Officer to protect what matters most to you.

The table below is intended to provide a general description of the optional protection program for consumer loans.

Protection for Consumer Loans	Life	Disability	Involuntary Unemployment
Type of Cancellation	Balance Cancellation	Payment Cancellation	Payment Cancellation
Maximum Benefits	Up to $100,000 The maximum benefit will reduce at age 70	The earliest of 12 months or $12,000 per occurrence	The earliest of 12 months or $12,000 per occurrence
Waiting Periods*	N/A	30 Day Non-Retro for a Protected event	30 Day Non-Retro for a Protected event
Specified Period Limitation**	6-month pre-existing condition limit	6-month pre-existing condition limit	3-month benefit exclusion from date of loan or advance

Additional eligibility requirements, conditions, and exclusions apply. Refer to your member agreement for a full explanation of terms and conditions.

*With Retro plans, after satisfying the waiting period, benefits begin from the first day of loss. With Non-Retro plans, benefits begin after the waiting period has been satisfied. Refer to the contract for complete details.
**Under the Contract terms, there are specific limitations for events that occur within a specified period immediately following the Effective Date of Protection for a loan or advance. Refer to the contract for complete details.

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.