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Navy Federal Credit Union

Optional Payment Protection Plan

Payment Protection Plan
Safeguard Your Loans
Our Payment Protection Plan may cover you in the events of disability, involuntary unemployment (including honorable discharge), or loss of life. At times when you're unable to make your minimum credit card or auto loan payments (due to a protected event), we may cancel payments for you.
To Purchase a Plan, Call 1-888-842-6328.
Your purchase of a Payment Protection Plan is optional. Refer to the Agreement and Disclosure for eligibility requirements, conditions and exclusions.
Plan Details
Plan
Coverage
Per $100 Borrowed
(Primary Coverage)
Per $100 Borrowed
(Joint Coverage)
Loss of Life
  • Up to $100,000 upon loss of life
$0.072/month
$0.144/month
Loss of Life and Disability
  • Up to $100,000 upon loss of life
  • Up to 12 months or $12,000 in monthly payments canceled for disability
$0.1608/month
$0.3216/month
Loss of Life, Disability and Involuntary Unemployment
  • Up to $100,000 upon loss of life
  • Up to 12 months or $12,000 in monthly payments canceled for disability
  • Up to 6 months or $6,000 in monthly payments canceled for unemployment
$0.3536/month
$0.7072/month

*Your purchase of a Payment Protection Plan is optional. The cost of a plan is calculated monthly per $100 of the outstanding loan balance. Please refer to agreement for eligibility requirements, conditions, and exclusions.

  • Mortgages5/5 ARM as low as+
    3.036%APR
  • Auto Loansas low as+
    1.79%APR
  • Certificatesas high as
    3.00%APY
  • Checkingas high as
    0.45%APY
  • Credit Cardsas low as++
    8.24%APR
  • More Rates