Payment Protection Plan

We can provide both credit life and credit disability coverage on most loans, depending on your repayment schedule. You may enroll for both coverages or choose only the credit life insurance coverage.

The credit disability insurance coverage will make your monthly loan payments for you if you are unable to work due to an accident or illness, and are under a doctor's care. Hospitalization is not necessary. Benefits after a 14-Day waiting period are paid retroactively to the first day of disability, and carry on for as long as the disability continues, up to $30,000 total or until the last payment is due on your loan, whichever is sooner. Monthly benefit payments under the credit disability coverage are limited to a maximum of $500.

Should you pass away before your loan is paid in full, the credit life insurance coverage will pay your outstanding balance, up a maximum of $55,000 ($50,000 in Florida).

If requested, insurance will be underwritten and provided by Assurant Group^sm.

Unique Features

• No restrictions regarding occupation or travel.
• Your benefits will be paid in addition to any other insurance plans you might have.
• The cost for the plan is conveniently included in your monthly loan payment.

Exclusions and Limitations

• A loan with scheduled repayment term in excess of 120 months is not qualified for coverage under this plan.
• You must not have reached your 66^th birthday (71^st birthday for residents of Florida) on the effective date of the insurance certificate issuance.
• Only ONE debtor, who must be working at least 30 hours per week, can be insured for the disability credit coverage.
• The plan will not cover disabilities caused by (1) an intentionally self-inflicted injury or (2) certain pre-existing conditions.
• Death resulting from suicide in the first two years of coverage, from war or from special hazards to which a person in military service is exposed to in the line of duty, will only result in a refund of the unearned premium.

Term of Coverage

Coverage begins when your application for coverage is accepted, and continues until your loan closes, unless stopped earlier for one of the reasons explained in your certificate.

PAYMENT PROTECTION PLAN IS NOT REQUIRED TO OBTAIN CREDIT