Financial safety and security

What is LendShield?

Life is unpredictable. You may worry about unexpected events that would leave you scrambling to pay your bills. That’s where LendShield comes in to protect you against your debts. It can help relieve financial pressure in the event of death, disability, or involuntary unemployment. With LendShield you enjoy peace of mind that comes from knowing you and your credit rating are protected.

Call us today to get started: 801-456-7590

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What does LendShield cover?

We offer several package combinations. Options include LifePlus, Disability, and Involuntary Unemployment. So you’re able to select the coverage that best suits your needs.
Life Plus


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.


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

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?

LendShield is available on the following loan types:
  • short and long term closed-end loans (auto loans, RV loans, etc)
  • open-end consumer credit plans (credit cards, overdrafts, etc)
  • unsecured lines of credit
  • home equity lines of credit
  • second mortgages
Eligibility, conditions, and exclusions apply. You may elect for LendShield at loan origination or within 180 days of loan closing. For questions or to apply, call 801-456-7590 or 800-326-3328. Available weekdays: 8am–7pm, Sat: 9am–2pm. Additionally, you may visit any Deseret First Branch.
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LifePlus Details and Benefits

  • Hospitalization covers a member if they’re admitted to a hospital for at least 48 consecutive hours. It will cancel 3 protected payments up to $3,000.
  • Accidental dismemberment provides coverage for external, violent, and accidents that result in the total irrecoverable loss of sight, a foot, or a hand. Coverage will cancel up to 100% of the protected balance up to $100,000*
  • Terminal illness covers a member who receives a certified diagnosis of a terminal illness with a life expectancy of 12 months or less. It will cover 100% of the protected balance up to $100,000
  • Family medical leave covers 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 life of a non-protected dependent provides coverage upon the death of a dependent that was claimed on tax returns in the past two years. This will cancel 3 protected payments up to $3,000.
*Accidental 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 avoid financial hardship in times of death, disability, or 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 file a claim on LendShield or Credit Insurance coverage.
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*Protected balances up to 100% or $100,000. Protected payments up to six months or up to $6,000. Terms and restrictions may apply.

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