As difficult as it is to imagine, a major life event can cause a financial crisis. Comerica Debt Protection is designed to protect you and your family from an inability to make loan payments in the event of disability, job loss or even death. Comerica Debt Protection provides a convenient, affordable way to ensure peace of mind. You can’t always control life events but you can control how you pay for them.
- Covers 1% of your outstanding loan balance (up to $750 per month) if you are disabled, involuntarily unemployed or in the event of your death
- Assists with payments and credit rating
- No medical questions, exams or long application required*
- Single and joint protection available
- Fees are conveniently added to your monthly loan payment
- Cost is low and decreases as your loan balance decreases
- Add or cancel debt protection at any time
- Eligible ages at application are 18-65; protection terminates at age 71
- Simple, convenient enrollment at closing
- Monthly payments made when you need it most
- Loss of life: 24 monthly payments
- Disability: Up to 12 monthly payments per disability
- Job Loss: Up to 6 monthly payments per job loss
To enroll visit a Comerica Banking Center or call 800.992.9825.