Navy Federal Credit Union
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 are not able to make your minimum credit card or auto loan payments, 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
$100 Borrowed*
(Primary Coverage)
$100 Borrowed*
(Joint Coverage)
Loss of Life
  • Up to $100,000 upon loss of life.
$0.072
$0.144
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
$0.3216
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
$0.7072

*Click Credit Card Rates for details.

Your purchase of a Payment Protection Plan is optional. Refer to agreement for eligibility requirements, conditions, and exclusions.

  • Mortgages5/5 ARM as low as+
    3.403%APR
  • Auto Loansas low as+
    1.49%APR
  • Certificatesas high as
    3.00%APY
  • Checkingas high as
    0.45%APY
  • Credit Cardsas low as++
    7.99%APR
  • More Rates