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Loan Debt Protection

Test Your Knowledge on Loan Debt Protection

Are you familiar with the intricacies of Loan Debt Protection (LDP)? This engaging quiz will challenge your understanding of LDP, including its qualifications, processes, and responsibilities. Whether you're a member, collector, or just curious about financial products, this quiz is for you!

Multiple-choice questions
Learn key concepts
Test your knowledge

13 Questions3 MinutesCreated by InsuringWizard425

Loan Debt Protection (LDP) is a form of

Insurance

Disability Income

Unemployment Income

None of the Above

In order to qualify for Involuntary Unemployment Protection, the Member must be working how many hours at the time of signing?

40 + Hours

25 + Hours

80 Hours

In order to qualify for Joint Protection, only 1 signer needs to opt in and sign

True

False

When is the "Fee" charged for LDP?

Beginning of the Month

Only at the time of signing

The End of the Month

HELOC's are not eligible for Loan Debt Protection because of the loan type

True

False

Where can I go to see if a Member has received a payment from CUNA? (Choose All That Apply)

Synergy

Loan Notes

Direct Member to Contact CUNA

Transaction History

After 3 months of delinquency, the protection is automatically terminated.

True

False

Who is responsible for payments while a CUNA claim is open?

Collector or Loan Supervisor

CUNA Mutual Group

Member

The Member's Employer

I should contact the Collector or Loan Supervisor if I have questions regarding (Choose All That Apply)

Submitting a Claim

Questions regarding Payments that have not been posted to the account or don't exist.

After reviewing loan notes for clarification

Delinquent Loans

I can confirm which Signer is protected by reviewing the loan documents on Synergy

True

False

Who has the authority to approve or deny a claim?

An All Mighty Being

Collector or Loan Supervisor

Cuna Mutual Group

A Doctor

Member's Employer

Where does our Member submit sensitive claim information after it has been filed?

CUNA Mutual Group Portal

Via E-Mail to the Credit Union

By Fax to the Collector or Loan Supervisor

Posting it on Instagram or Facebook

Which Event(s) are not protected events? (Choose All that Apply)

Cosmetic Surgery

Scheduled Vacations

Suicide after 12 months of having the loan protection

Nuclear Attacks

Complicated Pregnancy

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