For most QPP loans and any TDA loan issued before October 5, 2024, full insurance coverage begins 30 days after a loan is issued; insurance premiums are included in regular loan payment amounts for loans. TDA loans issued on or after October 5, 2024 are not insured.

For QPP loans issued to Tier I and II members, partial insurance coverage begins 30 days after a loan is issued; this coverage gradually increases until 90 days after the loan is issued, when coverage reaches 100% of the loan balance, up to a $10,000 limit. Tier I and II members are not charged for the insurance on a QPP loan.

In all cases, Insurance on a loan is terminated if you default on your loan.