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Killed in the Line of Duty Loan
Protection
National Police Credit Union is pleased to offer Killed in the Line of Duty Loan Protection, a special debt cancellation benefit created exclusively for active full-time Law Enforcement Officers.
Available for multiple loans* at no cost to the borrower, this complimentary benefit will cancel up to $850,000 of the outstanding balance of one or more loans should the unthinkable happen to an officer due to a line-of-duty incident.**
About Killed in the Line of Duty Loan Protection
Killed in the Line of Duty 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 full-time Law Enforcement Officer, 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).
Killed in the Line of Duty 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.**
How Do I Qualify for Killed in the Line of Duty Loan Protection?
- Take out at least one eligible loan* with National Police Credit Union that qualifies for the complementary Killed in the Line of Duty Loan Protection; and
- Be an active full-time sworn Law Enforcement Officer employed by a federal, state, county or municipal agency
What Debt are Eligible for Killed in the Line of Duty Loan Protection?
To qualify for Killed in the Line of Duty 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.
Are there any Killed in the Line of Duty Loan Protection program exclusions?
The following is a list of Killed in the Line of Duty 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.
**Killed in the Line of Duty Loan Protection is available only for the qualifying officer, 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.
