Payment Protection

Prepare for The Unexpected

Payment Protection

Preserve Your Standard of Living

Whether you're taking out a loan to make home improvements or buy a vehicle, you should take steps to protect you and your family in case something unforeseen happens. Life events can cause financial hardship, making bill-paying difficult. You don't want delinquent payments and defaulted loans to impact your finances.

Protection That Matters

If a protected life event happens to you (and you’re a protected borrower or co-borrower on the loan), Payment Protection will cancel or waive your loan payments, up to the contract maximums—helping to lessen your worries, and your family’s worries, about paying loans during a time when your income may be reduced or lost and paying other household bills becomes challenging. We offer a number of options you could protect yourself against. These events could include:

  • Loss of life, including those caused by acts of war
  • Disability, including those caused by acts of war
  • Involuntary unemployment

Purchase a Payment Protection Plan

To purchase an Ideal Payment Protection Plan, call 651-770-7000 or visit one of our branches to speak with an Ideal Representative.

 

Payment Protection PlanCoverage$100 Borrowed*
Life, Disability, Unemployment & Family Leave
  • Up to $100,000
$0.449
Life & Disability
  • Up to $100,000 upon loss of life
  • Up to 12 months or $12,000 in monthly payments canceled for disability
$0.349
Life
  • 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
$0.149

Your purchase of Payment Protection 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 [DP Program Name]. 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.

2018 Holiday Hours


New Year's Day
Monday, January 1st
All locations closed.


Martin Luther King Jr Day
Monday, January 15th
All locations closed.


Presidents' Day
Monday, February 19th
All locations closed.


Good Friday
Friday, March 30th
All locations open regular business hours
Lobby - 9:00 a.m. to 5:00 p.m.
Drive-thru - 9:00 a.m. to 5:30 p.m.


Memorial Day
Monday, May 28th
All locations closed.


Independence Day
Wednesday, July 4th
All locations closed.


Labor Day
Monday, September 3rd
All locations closed.


Columbus Day
Monday, October 8th
All locations closed.


Veterans Day
Monday, November 12th
All locations closed


Thanksgiving Day
Thursday, November 22nd
All locations closed.


Day after Thanksgiving
All locations are open regular business hours
Lobby - 9:00 a.m. to 5:00 p.m.
Drive-thru - 9:00 a.m. to 5:30 p.m.


Christmas Eve
Monday, December 24th
All locations open until 1:00 p.m.
Lobby - 9:00 a.m. to 1:00 p.m.
Drive-thru - 9:00 a.m. to 1:00 p.m.


Christmas Day
Tuesday, December 25th
All locations closed.


New Year's Eve
Monday, December 31
All locations open regular business hours
Lobby - 9:00 a.m. to 5:00 p.m.
Drive-thru - 9:00 a.m. to 5:30 p.m.


New Years Day
Tuesday, January 1st
All locations closed