Who is eligible for Debt Protection with Life Plus benefits?
To qualify for Disability benefits, you must:
- Be actively working, for wages or profit, at least 25 hours per week on the Effective Date of Protection¹
- Meet the definition of Disability for at least 14 consecutive days
- Not be actively working at any job (or combination of jobs) paying an income greater than or equal to 80% of the income you were earning immediately preceding the date you qualified for Disability
To qualify for Involuntary Unemployment benefits, you must:
- Be actively working, for wages or profit, at least 25 hours per week on the Effective Date of Protection¹
- Meet the definition of Involuntary Unemployment for at least 14 consecutive days
- Receive/have received state unemployment benefits for the period of unemployment for which you’re requesting Protection Activation
- Be seeking Active Employment
- Provide proof of qualification for Involuntary Unemployment protection at the time of Protection Activation and throughout the protected period
Take care of yourself and your loved ones
Add Debt Protection with Life Plus to your loan or credit card today and rest easy knowing your finances are secure during every life event.
¹ Effective Date of Protection means the later of: (1) the date the Borrower purchased protection under this program option; or (2) the date We reinstate the Borrower’s protection under the Contract if applicable.