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
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
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