You'll alleviate the
worry and the financial burden that comes
from not being able to make your loan payment
if you're sick or injured and cannot
work.
Your monthly payments are made automatically
and applied directly to your loan until
you're able to return to work or the loan
balance at the time of disability is paid
off. The total monthly benefit is $750
and can be used toward one or multiple
loans.
Your first loan payment will be made after a 14-day waiting period and is covered back to the first day of your disability. Your benefit is also paid over and above all other existing disability coverage you may have.
The insurance premium is based on your loan balances and is determined as follows:
Single Life Disability—Premiums are added at the onset of the loan.
Payment Protection—Premium is based on the loan balance and added to the loan on the same day each month.
You'll be relieved to know that your good
credit will be protected during your disability. |
