That’s where payment protection comes in. It’s a powerful tool that helps shield borrowers from financial hardship by cancelling all or part of an outstanding loan balance when the unexpected happens.

What is payment protection?

Payment protection is a type of insurance that covers loan payments in the event of specific life events such as disability, involuntary unemployment, or death. Instead of your borrower worrying about how to make their next loan payment, they can focus on recovery, family, or finding their next opportunity.

Would your borrower be financially secure if the unexpected happened?

Consider these sobering statistics:

• Nearly half of U.S. consumers say they would face financial hardship within six months if the primary wage earner were to pass away unexpectedly.¹
• More than 60% say they would face financial hardship within one year if the primary wage earner became disabled.¹
• Over 50% say they would run out of money in a month if they lost their income.²

These numbers highlight a stark reality: most families are just one crisis away from financial instability.

How payment protection helps

Payment protection can cancel or pay off a covered loan balance, freeing up income for other critical expenses—like medical bills, groceries, or savings. It’s not just about protecting a loan; it’s about protecting the borrower's lifestyle, peace of mind, and future.

Reasons to consider payment protection

Life is full of uncertainties. Here are some compelling reasons why payment protection might be right for your borrower:

• Employment is uncertain. Layoffs, downsizing, and economic shifts can happen without warning.
• Peace of mind in case of illness, disability, or death. These events can derail even the best financial plans.
• No other insurance coverage. Payment protection can fill critical gaps in their financial safety net.
• Protect assets. Whether it’s a car, home, or personal loan, payment protection helps ensure they won't lose what they've worked hard to earn.

Real stories, real impact

Behind every claim is a story. Here’s what some of our customers said:

“It definitely kept me from losing my truck.”
— Timothy from Seminole, AL

“It was a comfort knowing everything would be ok.”
— Alonzo from Roanoke, VA

"With me being out of work, it helped lighted the financial burden."
— Troy from Springfield, SC

“During my time off for my surgery, paying bills would be more difficult. Securian gave me peace of mind!”
— Bethany from Hamilton, OH

These testimonials underscore the human side of payment protection. It’s not just a financial product—it’s a lifeline.

The bottom line: Peace of mind is priceless

Change is difficult. Whether it’s a job loss, a medical emergency, or the loss of a loved one, these moments are hard enough without the added burden of financial stress. Payment protection offers a safety net, allowing your borrowers to focus on what truly matters.

In a world where uncertainty is the only certainty, payment protection is a smart, proactive step toward financial resilience. It’s not just about protecting a loan—it’s about protecting your borrower's life, family and future.