Mortgage #1
What is the maximum life benefit amounts for ages 66-69
$500,000
How long is the waiting period for mortgage protection?
60 days
What is the maximum life benefit amounts for ages 18-65?
$1,000,000
What is the NEW insurance feature that is available for Outstanding Balance insurance & mortgage insurance?
Standalone Disability = ALL products
What is the maximum disability coverage for ages 66-69 ?
$3,000
How long is the grace period for non payment of premiums?
31 days
What is the maximum disability coverage for those members aged 18-65?
$6,000
What is the pre-existing condition period for Mortgage protection ?
12X12
Is a self employed member eligible for Involuntary Unemployment Insurance coverage?
NO
Is Vaping considered as smoker status?
YES
What factors affect the mortgage insurance premium rates?
age and smoker status
What is the combined limit/aggregate limit for Outstanding Balance and Mortgage Insurance?
$1,000,000
How long is the benefit period for disability coverage?
24 months
Is marijuana considered as smoker status?
NO
What is the maximum number of benefits payable under the Involuntary Unemployment Insurance rider?
6 months
What dates/date range can you choose for your monthly Mortgage premium withdrawal?
Calendar days 1-28
Name 3 main exclusions for mortgage protection?
Suicide
Normal pregnancy
Pre-existing condition
Are self employed members eligible for disability coverage?
YES
Can you use mortgage insurance to protect a loan?
YES - over 20K and $200
monthly payment
What is a pre-existing condition?
an illness or injury which you received or seek medical care, diagnosis, treatment including prescription medication for prior to getting the lending application