Plan Options
Coverage Details
Scenario
100

Which plan options include BOTH Disability and Involuntary Unemployment coverage

What is the Platinum Plan?


100

What is the maximum monthly cancellation amount for the Hospital Stay benefit?

What is $1,250.00

100

True or False: Cancels 3 payments means loan contact is extended for 3 months?

False: 3 loan payments are paid.

200

What is the plan code for the Silver Plan?

What is 832604?

200

What is the elimination period for the Disability benefit?

What is 14 days?

300

Which Plan options do not include Disability coverage?

 What is Silver and Bronze Plan?

300

If a borrower is over age 70, what is the maximum Death benefit available?

What is lesser of $25,000 or 25% of outstanding balance

300

A borrower is hospitalized for two days after 60 days of enrolling. Will they qualify for Hospital Stay coverage?

No

400

Which plan option only include Death, Terminal condition, Accidental Dismemberment, and Hospital Stay coverage?

What is Bronze Plan?

400

How long does a borrower have to enroll in the Debt Protection Program after taking a loan or advance?

What is 180 days?

500

What coverages are included in the Silver plan?

What is Death, Terminal condition, Accidental Dismemberment, Involuntary Unemployment and Hospital Stay coverage?

500

True or False: A self-employed borrower is eligible for Involuntary Unemployment coverage

False: Borrowers must not be self-employed to be eligible for Involuntary Unemployment (IU) coverage.