LendShield
Financial safety and security
What is LendShield?
Life’s uncertainties can create financial stress, leaving you worried about how to manage your bills in tough times. That’s where LendShield (Debt Protection) steps in to safeguard you against debt. In the event of death, sickness, injury, or involuntary unemployment, LendShield can ease your financial burden. Enjoy peace of mind knowing your finances and credit rating are shielded, allowing you to focus on what truly matters.
Call us today to get started: 801-456-7590
Already have LendShield (Debt Protection) and need to make a claim? Click this link and follow the instructions to submit yours today.
Submit a claim
What does LendShield cover?
We offer several package combinations. Options include LifePlus, Sickness or Injury, and Involuntary Unemployment. So you’re able to select the coverage that best suits your needs.
LifePlus
Give your family time to get back on their feet financially. Plans with LifePlus coverage cancel the remaining loan balance as of the date of death, up to $100,000. LendShield also covers hospitalizations, accidental dismemberment, and much more. See below for more details.
Sickness or Injury
Help avoid bills from piling up as you try to regain your health and earning capacity. Use this benefit as a supplement to any disability coverage you may have at work. The typical work coverage usually only covers 60% of your pay. Plans with disability coverage cancel up to six payments per occurrence*.
Involuntary Unemployment (IU)
Ensure that one of your major monthly expenses will be taken care of as you search for new employment. Plans with IU coverage cancel up to six payments per occurrence*.Who is eligible?
Everyone qualifies for LendShield (Debt Protection)—there are no age restrictions! While a waiting period may apply before you can claim benefits, LendShield is designed to offer comprehensive protection on a variety of loan types:
- short- and long-term loans (auto loans, RV loans, and more)
- open-end line of credit plans (credit cards, overdrafts, and more)
- home equity lines of credit
- second mortgages
Choose LendShield for peace of mind and dependable coverage across all your financial commitments.
Eligibility, conditions, and exclusions apply. You may elect for LendShield at any time during the loan. For questions or to apply, call 801-456-7590 or 800-326-3328. Available weekdays: 8am–6pm, Sat: 9am–2pm. Additionally, you may visit any Deseret First Branch.
LifePlus Details and Benefits
- Hospitalization: If you are admitted to the hospital for at least 48 consecutive hours, LifePlus will cover up to 3 protected payments, up to $3,000.
- Death of a Borrower: In the unfortunate event of the primary or joint borrower’s death, LendShield will pay off the loan balance.
- Accidental Dismemberment: LifePlus offers protection against external, violent accidents resulting in total and irreversible loss of sight, a foot, or a hand. It cancels up to 100% of the protected balance, up to $100,000*.
- Terminal Illness: If you receive a certified diagnosis of a terminal illness with a life expectancy of 12 months or less, LifePlus covers 100% of the protected balance, up to $100,000*.
- Family Medical Leave: LifePlus provides coverage for an unpaid leave of absence from employment for at least 14 consecutive days to care for a family member, as defined by the Federal Family and Medical Leave Act**.
- Loss of a Non-Protected Dependent: If you experience the loss of a dependent who was claimed on tax returns in the past two years, LifePlus will cancel 3 protected payments, up to $3,000.
Count on LifePlus for peace of mind and protection in times of need.
*Coverage for members over age 70 will cancel 25% of protected balance up to $25,000. **Family Medical Leave Coverage does not protect leave of .absence while a member is a temporary employee, independent contractor, self-employed or employed by a joint borrower.
Member Benefits
- Helps you maintain financial stability in the event of death, illness or injury, and involuntary unemployment.
- Protects your credit rating after unfortunate life events.
- Affordable premium included in your loan payment.
- Add or cancel at any time.
Already purchased LendShield through Deseret First?
Call 801-456-7590 or 800-326-3328 for more information or to add or cancel LendShield.
*Protected balances up to 100% or $100,000. Protected payments up to six months or up to $6,000. Terms and restrictions may apply.
**CUNA Mutual Group is the marketing name for CUNA Mutual Holding Company, a mutual insurance holding company, its subsidiaries and affiliates. Payment protection products include debt protection products available through the credit union.
Need to file a Claim?
Protection when it matters… We are here to help!
In your time of need, our claims process is quick and easy. If you elected payment protection on your loan, you can use this convenient claims process to quickly and easily file your claim for any of the following Payment Protection Products:
- Life
- Terminal Illness
- Accidental Dismemberment
- Hospitalization
- Family Medical Leave
- Loss of Live of a Dependent
- Disability
- Involuntary Unemployment
To begin, please fill out a claim form with CUNA Mutual using this link.
If you prefer, call 844-707-4964 to begin the process and a CUNA Mutual Group Claims Specialist will guide you through the process.
*CUNA Mutual Group is the marketing name for CUNA Mutual Holding Company, a mutual insurance holding company, its subsidiaries and affiliates. Payment protection products include debt protection products available through the credit union.