Spirit of Alaska Protection (SOAP)
If a protected life event happens to you (and you’re a protected borrower or co-borrower on the loan), Spirit of Alaska Protection will cancel or waive your loan payment(s), up to the contract maximums. Protected events include disability, involuntary unemployment, or even loss of life.
Whether you’re taking out a loan to make home improvements or buying a vehicle, it can be a financial gamble, because life happens. Life events can cause financial hardship, making paying bills difficult. You won’t want delinquent payments and defaulted loans to cause you to lose your assets, negatively impact your credit rating, or cause financial distress for your family.
Personal loan protection in case of a life event
- Additional protection for your loan in case you have a protected life event
- Relief from potential delinquency, default or foreclosure
- Simple eligibility requirements ease the enrollment process
- Available for all Spirit of Alaska consumer loan products
- Protection that matters
Purchasing Spirit of Alaska Protection is optional. Certain eligibility requirements, conditions and exclusions may apply. You may cancel purchased protection at any time.