Death and disability are unpredictable and could happen to anyone, at any age. Payment Protection¹ can help safeguard your investment by covering your loan if you or your co-borrower are unable to make payments. Adding Payment Protection to your loan can:
- Eliminate all or part of your remaining loan balance
- Protect your credit rating as loan payment obligations are made on your behalf
- Create financial security for your family
- Free-up extra cash when it's most needed
Ask your member service representative about this valuable benefit when you apply for your loan!
¹Payment Protection may be available for personal credit cards, auto loans, personal consumer loans, and home equity loans.
Your purchase of Payment Protection is optional. Whether or not you purchase Payment Protection will not affect your application for credit or the terms of any existing credit card agreement you have with the financial institution. There are eligibility requirements, conditions, and exclusions that could prevent you from receiving benefits under Payment Protection. You should carefully read the contract for a full explanation of the terms.
Protect your vehicle, boat, or motorcycle with Guaranteed Asset Protection (GAP). If your vehicle were to be stolen or damaged beyond repair in a major accident, this valuable coverage pays the balance of your Andrews Federal loan that your insurance company may not cover. A low, one-time payment protects you for the life of your loan. Ask how you can add this to your loan today!