Three Simple Plans
Debt Cancellation is available with single or joint coverage as follows:
| Plan Options | Protection | Monthly rate per $1,000 of loan balance |
| Premier Plan |
Death: cancels loan balance
Disability: cancels loan balance
Involuntary Unemployment: cancels 3 payments | $2.21 Single / $3.98 Joint |
| Value Plus |
Death: cancels loan balance
Disability: cancels loan balance
| $1.03 Single / $1.80 Joint |
| Value |
Death: cancels loan balance
| $0.54 Single / $0.89 Joint |
Benefit Maximums: Death protection cancels a maximum of $100,000. Disability and Involuntary Unemployment monthly cancellations are limited to $1,250 per month. Involuntary Unemployment is limited to $15,000 (12 monthly payments) over the term of the loan and $3,750 per each occurrence (3 monthly payments).
Eligibility Requirements
- Maximum age is 70; protection terminates at age 71 for all plans
- Qualifying health restrictions apply for all plans
- To apply for Premier and Value Plus plans, you must work at least 24 hours per week
- To apply for Premier plan, you must not be self-employed, and you must not have received unemployment benefits within the past two years
Contact us for the full Debt Cancellation agreement at (800) 252-8311
Effective as of July 1, 2019