end of watch loan benefits

End of Watch Loan Protection

A special debt cancellation benefit created exclusively for active Police Officers, Firefighters, and EMTs.


Protecting Those Who Protect Us

National Police Federal Credit Union is pleased to offer End of Watch Loan Protection, a special debt cancellation benefit created exclusively for its members who serve as officers, firefighters or EMTs.
 
Available for multiple loans* at no cost to the borrower, End of Watch Loan Protection cancels the outstanding loan balance as of the eligible officer’s, firefighter’s or EMT’s date of death – up to a combined maximum of $850,000 – for all of the qualifying loans with the Credit Union.**
 

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end of watch benefits
More Details

About End of Watch Loan Protection

End of Watch Loan Protection is a waiver addendum to the qualifying loan agreement between the borrower and the Credit Union under which the Credit Union agrees to cancel the amount of the borrower’s eligible loan(s)* if the member dies while engaged in work-related activities as a Law Enforcement Officer, Firefighter, or EMT whether on- or off-duty, as the result of external force, violence, or disease (including heart attack or stroke occurring during training, or other strenuous activity.)
 
End of Watch Loan Protection cancels the outstanding loan balance as of the Officer’s date of death up to a combined maximum of $850,000 for all of the officer’s eligible loans* with the Credit Union.**


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How Do I Qualify for End of Watch Loan Protection?

To qualify for End of Watch Loan Protection, the borrower must meet the following criteria:
  • Take out at least one eligible loan* with National Police Federal Credit Union that qualifies for the complementary End of Watch Loan Protection; and
  • Be an active, Law Enforcement Officer, Firefighter or EMT employed by a federal, state, county, or municipal agency.


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What Debts are eligible for End of Watch Loan Protection?

To qualify for End of Watch Loan Protection, qualifying members must take out a new eligible loan* for $25,000 or greater; or an aggregate of two or more new eligible loans* for $25,000 or greater.



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Are there any End of Watch Loan Protection program exclusions?

The following is a list of End of Watch Loan Protection program exclusions:
  • Death from suicide
  • Death from diseases or other causes not related to work-related activities
  • Covered person is aged 70+
  • Death occurs prior to the effective date of protection
  • Death occurs as a result of a crime committed by borrower
  • Atomic explosion
  • Outbreak of communicable diseases epidemic or pandemic
  • War, whether declared or undeclared
  • Actual or expected act of terrorism












*Eligible Credit Union loans include Mortgages and Home Equity Loans; Auto, RV, Motorcycle and Boat Loans; Signature Loans, Uniform Loans, Tuition Loans, Student Loan Consolidations, and Credit Cards.
**End of Watch Loan Protection is available only for the qualifying officer,  firefighter or EMT and the protection may not be purchased outright. This debt cancellation benefit only applies in the case of death. Please see loan addendum upon loan closing for more details.