Common Contracts
1 similar Personal Choice Payment Protection Contract contracts
BORROWER 1 NAME BORROWER 2 NAME ACCOUNT NUMBER PERSONAL CHOICE PAYMENT PROTECTION CONTRACT (“Contract”) PROTECTED LOANPersonal Choice Payment Protection Contract • April 20th, 2021
OPTIONS YOU ELECT THE FOLLOWING OPTION:(check only one box) Life Disability &Unemployment Life Disability Life No Protection - Life Plus- Disability- Involuntary Unemployment - Life Plus- Disability - Life Plus Program Fee: Rate per $100 of the Monthly OutstandingLoan Balance $0.486 $0.311 $0.110 This Contract protects the first two Borrowers listed on the lending agreement.ELIGIBILITY QUESTION:Subject to the terms, conditions and exclusions, You are eligible for protection under this Contract if You are a Borrower on the Loan on the Effective Date of Protection and meet the eligibility requirements below.If electing an option with Disability or Involuntary Unemployment, You must answer Question 1.1. Are You actively working, for wages or profit, for 25 hours or more per week on the date You sign this Contract?You will be considered actively working if You are absent from work due to sabbatical, strike, or vacation, but will soon return to work. You will not be considered
