Loan Payment Protection Contract Sample Contracts

BORROWER 1 NAME BORROWER 2 NAME LOAN PAYMENT PROTECTION CONTRACT (“Contract”) PROTECTED LOAN(S)
Loan Payment Protection Contract • October 26th, 2018

OPTIONS YOU ELECT THE FOLLOWING OPTION:(check only one box) Life, Disability andUnemployment Disability and Unemployment Life No Protection - Life- Disability- Involuntary Unemployment - Disability- Involuntary Unemployment - Life Program Fee: Rate per $100 of the Monthly OutstandingLoan Balance* $0.292 $0.184 $0.097 Estimated Total Fees forOption chosen (Closed-End Only) $ This Contract protects the first two Borrowers listed on the lending agreement.ELIGIBILITY QUESTIONS: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 sabbat

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