Your Retirement Money is Worth Protecting

is worth protecting

Your Retirement Money

Keep your retirement dreams alive

Saving for retirement isn’t always easy, but building up your 401(k) account balance is something to be proud of. If you borrow from your plan, it’s common sense to protect the money you’ve worked hard to save. Retirement Loan Eraser (RLE) is simple, low-cost 401(k) loan protection that repays your loan if you lose your job and are unable to continue making payments.

The Benefits of Retirement Loan Eraser
Improves your retirement outcomes.

You get to “keep your balance” and continue to enjoy decades of earnings in your retirement savings account.

Protects your financial wellness.

If you face a financial emergency, understandably, you may need to tap your retirement plan for funds. But you may not realize the full impact of a loan default. Money you’ve worked hard to save for your future is money worth protecting.

Affordable.

RLE protection adds just a few dollars more to your regular loan payment.

Why do I need Retirement Loan Eraser?

If you lose your job you will likely miss a loan payment, causing you to default. When that happens, you may not be able to replace the thousands of dollars lost to taxes, penalties, and missed investment earnings. RLE is sensible, low cost protection to help you through a stressful time.

Increase Your Financial IQ on Plan Loans

Need to get up-to-speed in on how 401(k) loan programs work? Click here to access our Loans 101 page of frequently asked questions.

RLE is offered as part of a 401(k) plan. If you know that you have RLE, call 844.723.3753 for questions or LOGIN to access your account. If you don’t know if your plan offers RLE, ask your employer.