Debt Protection with Life Plus

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Consider Debt Protection with Life Plus before the unexpected happens

If your life takes an unexpected turn, your family’s finances can be strained. But with HOCU Debt Protection with Life Plus, your loan payments or balance may be canceled, up to the contract maximums, in case of involuntary unemployment, disability, or death. It’s just one more way you can look out for the people you love.

Taken an important step toward financial security. Call HOCU at 777-5626 and ask about Debt Protection with Life Plus today.

Peace of Mind

Debt protection can help cancel your monthly loan payments should an unforeseen protected life event occur.


Adding debt protection to your loan is easy and can be done at the time of your loan application. The cost of protection is included in your monthly payment.


Missing payments can hurt your credit rating. Debt Protection could cancel your payments when unexpected life events happen.


No medical exam required.

Debt Protection Products

Life Plus
Most Popular


Life Plus adds protection for financially-stressful life events such as accidental dismemberment, terminal illness, hospitalization, family medical leave, and the loss of life of a non-protected dependent.

Credit card balances may be protected with Life Plus with Disability and Involuntary Unemployment. Speak to a loan representative today for more information.

  • Full refund if cancelled within 30 days
  • No medical examination required



Disability protection can be added to Life Plus to provide up to 12 months or $12,000 (whichever comes first) of payment protection should you experience disability due to injury or illness.

  • Must be actively working for 25 hours per week to be eligible to purchase
  • Can be added or cancelled at any time during the loan

Involuntary Unemployment


Involuntary unemployment protection can be added to Life Plus & Disability to protect payments for up to 6 months or $6,000 (whichever comes first).

  • 3 month waiting period (loan must be active for 3 months before coverage can be claimed)
  • Must be actively working for 25 hours per week to be eligible to purchase.
  • Self-employment doesn’t qualify

Debt Protection FAQs

LifePlus                                                                  $0.149 per $100

LifePlus + Disability                                               $0.299 per $100

LifePlus + Disability + Unemployment                  $0.399 per $100


For a loan of $1,000, the cost of Life Plus debt protection for the first month will be $1.49.

There is no age limitation, but your Life Plus benefit will be reduced to 25% of the protected balance once you reach 70.

Your purchase of HOCU Debt Protection with Life Plus, Disability, and Involuntary Unemployment Protection is optional and will not affect your application for credit or 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 HOCU Debt Protection with Life Plus. 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.

DP-3415592.1-0121-0423 CUNA Mutual Group ©2021, All Rights Reserved

Other Added Protection

Inquire about our extra services to help protect your loan. Call 777-5626 for more details.

Guaranteed Asset Protection (GAP) Plus
Most Popular


GAP Plus can help you avoid sudden out-of-pocket expenses in the event your vehicle is deemed a total loss by your insurance company.

  • GAP may reduce or eliminate the difference between what your vehicle insurance will pay and what you owe on your loan.
  • If you finance your next vehicle with HOCU, your GAP Plus insurance will pay $2,500 for your next new replacement vehicle*
  • The Deductible Assistance can provide financial relief when your vehicle is damaged but not deemed a total loss.  Covers deductible of up to $500 per occurrence.

Mechanical Repair Coverage (MRC)


MRC may help pay for covered repairs on new and eligible used vehicles after your manufacturer’s warranty expires.

Get a Quote
  • Limit repair costs to your deductible, if any.
  • Choose your deductible: $0, $100, $250, or $500.
  • Rental reimbursement up to $35/day for 5 days (up to an additional 5 days with verified parts delay) from day one.
  • Travel reimbursement up to $200 per day for 1-5 days for food, lodging & transportation expense, when a covered breakdown occurs 100 miles or more from home. (Not available to NY residents.)
  • Good at any authorized repair facility in the U.S. or Canada.
  • 24-hour emergency roadside assistance up to $100 per occurrence. Includes towing, battery jumpstart, fluid delivery, flat tire assistance & lockout service.
  • No out of pocket expense except any deductible. Plan pays the repair facility.
  • Transferable to increase resale value. Only if sold privately. Subject to transfer fee.
  • Cancel for full refund within 60 days. A full refund is available only if coverage is unused in the first 60 days. If used or cancelled after 60 days, refund is prorated less administrative fees. Cancellation administrative fees vary by state.
Debt Protection

Contact Us

Contact us or call 808-777-5546 to learn more about HOCU Debt Protection with Life Plus.

Let HOCU Help You

A better financial future is within reach. Get in touch to get started!


General Inquiries: (808) 777-JOIN [5646]
Loan Inquiries: (808) 777-LOAN [5626]


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