Mobile

FOR LENDING AND LOAN SERVICING TEAMS

Three Priorities for Today's Loan Servicing Teams

POWERED BY YOUR PAYMENT GUARDIAN

Helps Reduce Loan Default Risk

An unexpected job loss can affect a borrower's ability to stay current on financial obligations. The Job Loss Lifeline provides help for qualifying enrolled members with needed temporary job-loss income benefits, giving them an additional source of income during an eligible period of unemployment.

Strengthen Member Satisfaction

Providing access to job-loss income protection and additional member benefits adds value to the current and future member experience plus provides support during periods of unexpected financial difficulty and challenges.

Protecting What Matters the Most in Your Life. Your Family, Home and Income.

A Proprietary Financial Health and Wellness Job Loss Income and Payment Protection Membership Benefits Program

Create New Revenue Opportunities

The Job Loss Lifeline provides institutions with an additional value-added program that creates a new revenue opportunity while providing financial protection and expanding in-demand benefits available to current and new members.

Contact us to learn how Job Loss Lifeline works and how it may fit within your credit union.

Many credit unions today are looking for new ways to reduce loan default risk, strengthen revenue, and deliver greater value to their members.

Job Loss Lifeline was developed to help address these challenges by providing added financial protection for eligible borrowers who experience an unexpected job loss.

The program may also help your institution differentiate its lending experience in today's competitive marketplace.

Is the Job Loss Lifeline Insurance?

No. Job Loss Lifeline is not insurance. The Job Loss Lifeline Powered by Your Payment Guardian is an individual job-loss income or job loss payment protection (guaranteed issue membership) program for qualifying individuals ages 18–64 who are W-2 full-time employees. No credit, background or income qualifications are required. The program does not cover part-time workers, 1099 workers, self-employed individuals, temporary workers, or seasonal workers.

Is Job Loss Lifeline for individuals or businesses?

Both. Individuals can enroll in the program for personal job-loss income protection. Businesses that sell a product or service to a consumer through a monthly payment contract can also use the program to provide added customer benefits and payment protection if the customer experiences a qualifying job loss.

How can Job Loss Lifeline help with payment protection?

Job Loss Lifeline is designed to provide job-loss income or job loss payment protection benefits to qualifying enrolled individuals after the required waiting period and according to program terms. For banks and credit unions, this may create an added layer of support for customers or members with monthly payment obligations tied to eligible products or services.

Does the Job Loss Lifeline provide any additional benefits that are included with the job loss income or job loss payment protection benefits?

Yes, the Job Loss Lifeline is a Financial Health and Wellness Program providing your family access to everyday life benefits and specialized protection benefits everyone should own. These valuable no cost or low-cost benefits include: