Debt Cancellation/Protection
Debt can leave you vulnerable to financial hardship. Triggering events include, but are not limited to, death, disability, involuntary unemployment, and family leave, etc.
Debt Cancellation/Protection provides financial protection when a covered specifed event impairs the consumer's ability to repay his or her loan. Debt Cancellation/Protection is a two-party agreement between a lender and a consumer under which the lender agrees to waive all or a portion of the debt when a specified protected event occurs.