Financial protection for the unexpected
Loan Relief Plans
Rest easy with loan relief plans
Even the most responsible person can be overwhelmed by bills and expenses when they experience an illness, injury, death or job loss. When you open a new vehicle loan, credit card or other consumer loan, add a loan relief plan* and feel secure knowing your family's finances may be protected.
Loan relief is designed to:
- Cancel your monthly payments or loan balance up to the contract maximums if you are unable to work because of a protected event.
- Comfortably fit into your monthly payment.
- Help to give you greater peace of mind during unexpected events.
Three plan types
- Life—Cancels the remaining loan balance, up to the contract maximums, in the event of death.
- Disability—Cancels monthly loan payments for up to the lesser of 12 months or $12,000 per covered illness or injury.
- Involuntary unemployment—Cancels monthly payments for up to the lesser of six months or $6,000 per occurrence.
Get a loan relief plan
Loan relief plans are offered with most Mountain America loans. The monthly cost is determined by your loan balance, not your age, and the premiums are included in your loan payment. For more information, visit a branch or call 1-800-748-4302.
Guaranteed Asset Protection
Cover the difference between the market value of your vehicle and the loan balance.
Vehicle Protection Plans
Shield yourself from auto repair costs and get coverage for expensive mechanical breakdowns.
*The purchase of a loan relief plan is optional. Whether or not you purchase a loan relief plan will not affect your application for credit or the terms of any existing credit agreement you have with Mountain America. There are eligibility requirements, conditions and exclusions that could prevent you from receiving benefits under a loan relief plan. You should carefully read the contract for a full explanation of the terms. You may cancel the protection at any time. If you cancel protection within 60 days, you will receive a full refund of any fee paid. At the age of 75, coverage will decrease to 25% or $25,000, whichever is less.
DP-5413104.1-0123-0225
