Debt Protection is a voluntary loan-payment protection product. Get relief from the financial burden of delinquency, default, or foreclosure. If a protected life event happens to you (and you’re a protected borrower or co-borrower on the loan), Debt Protection will cancel or waive your loan payment(s) up to the contract maximums. Certain restrictions may apply, so speak with one of our loan officers for more information.
Frequently Asked Questions
What kind of loans do you cover?
Acadia Debt Protection is available for closed-end and consumer loans (auto, personal, recreational), consumer lines of credit, credit cards, closed-end home equity loans (i.e. second mortgages), and home equity lines of credit.
How is your Debt Protection different than what’s offered at other financial institutions?
Here are a few things that set up apart:
1. We handle claims on site rather than referring you to an impersonal call center thousands of miles away.
2. We have higher levels of coverage. Most Debt Protection plans cap out at $40,000. We realize that many loans are higher than that, so we offer benefit limits as high as $75,000.
3. We also offer involuntary unemployment coverage . Most other plans at other financial institutions only pay out on death and disability benefits.
Need help? Send us a message.
Dealing with Julie at Acadia is like having our own personal financial advisor. She even worked to help my wife and me get our credit scores up. We could not ask for better! Tammy P., member since 1990