Common use of CHANGING THE TERMS OF THIS CONTRACT Clause in Contracts

CHANGING THE TERMS OF THIS CONTRACT. We reserve the right to change the terms of this Contract and apply those changes to the protection You purchased under this Contract. You will receive notice before any change goes into effect. Your continued payment of the Program Fee will constitute Your acceptance of the change in terms. CONCURRENT PROTECTED EVENTS. For each protected Borrower, the amount cancelled will be applied to the dollar and term limitations for each protected event. We will never cancel more than the Daily Payment for any one day. If You qualify for Disability (original protected event) and sustain an additional Sickness or Accidental Injury, which would be in and of itself disabling, the additional Sickness or Accidental Injury will not be considered a new Disability protected event, but rather will be considered the same protected event. This means that You will receive benefits only if You did not exhaust Your maximum protected event benefits in connection with the original protected event.

Appears in 8 contracts

Samples: Credit Protection Plan Contract, www.mygecreditunion.com, www.mygecreditunion.com

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CHANGING THE TERMS OF THIS CONTRACT. We reserve the right to change the terms of this Contract and apply those changes to the protection You purchased under this Contract. You will receive notice before any change goes into effect. Your continued payment of the Program Fee will constitute Your acceptance of the change in terms. CONCURRENT PROTECTED EVENTS. For each protected Borrower, the amount cancelled will be applied to the dollar and term limitations for each protected eventProtected Event. We will never cancel more than the Daily Payment for any one dayProtected Payment. If You qualify for Disability (original protected eventProtected Event) and sustain an additional Sickness or Accidental Injury, which would be in and of itself disabling, the additional Sickness or Accidental Injury will not be considered a new Disability protected eventProtected Event, but rather will be considered the same protected eventProtected Event. This means that You will receive benefits only if You did not exhaust Your maximum protected event Protected Event benefits in connection with the original protected eventProtected Event.

Appears in 1 contract

Samples: www.rrfcu.com

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