How does this plan benefit me and my family?
The Payment Protection Plan provides both life and disability coverage, all in one convenient package.
This coverage ensures that your financial obligation will not become a burden for either you or your family, even in the worst of times.
The Payment Protection Plan will
pay off the balance of your loan
up
to the benefit maximum in the event of your death.
Your family will not be burdened
with this new credit obligation.
Your family will not need to use
savings or other life insurance to
pay
this loan, making their future more secure.
What are the features of the disability coverage?
The Payment
Protection Plan will make the monthly payments on
your
loan if you become disabled due to an accident or
illness.
If you are
eligible, disability benefits will continue until you
return to
work,
your balance is paid in full or you reach the
benefit maximum
of
your insurance certificate.
You do not have to
be hospitalized to be eligible for benefits. The
only requirement is that you must be out of work the
number of
days specified in your certificate and under the care of
a licensed
physician.
Benefits are
payable regardless of any other insurance you might have
and
whether your salary continues while you are unable to
work.
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