Payment Shield Plus Contract Sample Contracts

BORROWER 1 NAME BORROWER 2 NAME MEMBER NUMBER PAYMENT SHIELD PLUS CONTRACT (“Contract”) PROTECTED LOAN
Payment Shield Plus Contract • June 11th, 2024

OPTIONS YOU ELECT THE FOLLOWING OPTION:(check only one box) Option 1 Option 2 Option 3 Option 4 Option 5 No Protection - Life Plus- Disability- Involuntary Unemployment - Disability- Involuntary Unemployment - Life Plus- Disability - Disability - Life Plus Program Fee: Rate per $1,000 of the Monthly OutstandingLoan Balance $4.32 $3.01 $3.33 $2.02 $1.35 Estimated Total Fees forOption chosen (Closed-End Only) $ 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

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