Life Insurance

Credit Life Insurance coverage will extinguish the outstanding loan balance in the event of death of an insured debtor.

• Life Insurance is available to applicants who are between the ages of 18 and 75.

• No health questions are required if the amount to finance is less than $100,000.

• Maximum benefit is up to $100,000.

By covering the debts you owe, you are making certain that your family is not burdened by your financial obligations during the most difficult of times.

QUALIFYING AGE

Term of indebtedness for insurance purposes cannot extend beyond the applicant's 76th birthday.

ELIGIBILITY REQUIREMENTS

The debtor must be at least 18 years old. No medical or health questions are required.

BENEFIT AMOUNT

Upon death, outstanding loan balance or lease buy-out value less payments in arrears will be paid to the note holder. Residual or balloon payment is not covered.

MAXIMUM BENEFIT

Maximum pay-out with respect to all insured indebtedness for any borrower or lessee will be $100,000.

TERMINATION

Coverage terminates at the earliest of loan/lease discharge date, loan/lease maturity date and the insured attaining age 73.

BENEFIT EXCLUSIONS

Suicide occurring within 2 years of the commencement of coverage. Death occurring within 12 months of the commencement of insurance where death resulted from a pre-existing condition of health.

NOTE

For all Life Insurance coverage, please refer to the insurance Certificate for complete details.