Life Plus
Maximum dollar amount LifePlus protects a loan
What is $100,000?
This protection offers up to 6 months, or $6,000 in payment benefit.
What is Involuntary Unemployment?
BETTER LUCK NEXT TIME
-300
A Member can choose a _ _ _ _ _ _ _ _ _ of $0, $100, $250 or $500 when purchasing MRC
What is a deductible?
The Cost of GAP Plus with Deductible Assistance.
What is $749?
Once the protected Member is 75 years old, the benefit for LifePlus is reduced to this percentage.
What is 25%?
Employed, and _ _ _ _-employed Members qualify for Disability and LifePlus protection on their loans and credit cards.
What is self?
What is Self-employed?
The monthly PSP fee is calculated as a rate per
$_,_ _ _ owed on the last day of each month.
What $1,000?
What is rate per $1,000?
Mr Peanut is in branch applying for a new vehicle loan! They explain that their current vehicle has high mileage, requires costly repairs, and recently forced them to dip into their savings just to keep it running.
How can we demonstrate Reflective Listening & make a Personalized Recommendation for MRC?
+500
The maximum payout of any GAP claim.
What is $50,000?
Mr. Jeffrey shares that he’s the main source of income for his household and is concerned about leaving his spouse with big auto loan payments if something were to happen to him. When Life Protection is recommended, Jeffrey responds that he already has a life insurance policy.
How can we address our Member's concern?
+300
This protection may pay off a monthly loan payment for up to 12 months, or $12,000.
What is Disability?
LUCKY!!
+300
For just $50, a Member can _ _ _ _ _ _ _ their MRC policy to the new owner
What is transfer?
GAP will cover a re-financed loan if the new loan term and loan amount do not _ _ _ _ _ _ the original loan term and loan amount.
What is exceed?
This protection offers up to 3 payments, or $3,000 in benefits if a protected Member is admitted to a hospital for at least 48 consecutive hours
What is Hospitalization?
For Involuntary Unemployment, Hospitalization, Family Medical Leave, and Loss of Life of a Non-Protected Dependant, a Member needs to have the protection for this long before it's considered a covered event.
What is 3 months?
A husband & father is funding an auto loan to replace the family vehicle. He shares his concerns that the monthly payment would be too much for his wife if he were to lose his income as a full-time construction worker.
What empathy statement could be used to address the Member's concern?
+400
If you lose or damage your vehicle's electronic key fob, MRC offers unlimited replacements at up to this amount per occurrence.
What is $800?
Members have _____ days to finance their GAP purchase within their auto loan or pay cash anytime.
What is 90 days?
What is 90?
If your doctor diagnoses you with this type of illness, LifePlus will pay off your loan, up to $100,000.
What is a Terminal Illness?
True or False?
PSP is available for short-term loans, specifically, Payroll Savings Loan, Classroom Supplies Loan, Uniform Loan, Wardrobe Loan and Single-Pay Certificate Loan
What is FALSE!
Share a Member story on how you recommended any Protection Product!
+1,000
MRC will reimburse a covered Member for up to $_ _ per day for up to 10 days for substitute transportation, such as rental cars, Lyft, Uber, or taxis.
What is $50?
Unlike dealer GAP, our product offers THIS additional $1,000 benefit as a loan payment when a Member funds a new SchoolsFirst auto loan within 120 days of their total-loss insurance settlement.
What is GAP Plus?
What is Plus?