Guaranteed Auto Protection pays your balance off if your vehicle is totaled or stolen. GAP pays the difference from what your auto insurance company gives for pay off and what you actually owe on the loan.
Payment Protection
This insurance is also referred to as Disability Insurance. This insurance makes your loan payment at MACU if you are off work for at least 14 days (issued after 9/1/03) due to illness or injury. This insurance does not cover lay off. Each individual loan must carry this insurance to be eligible.
Credit Life Insurance
Life insurance protects your family from your debts if you pass away before the loan matures.