SecureDriveTM Loan Protection
SecureDrive Loan Protection is life, critical illness, and disability coverage designed to protect your customers financial commitments from the impact of unforeseen life events. With multiple coverage options and a simple sales process, SecureDrive Loan Protection is easy for your business managers to sell and a profitable addition to your Business Office.
Coverage Options
In order to provide your customers with a plan specific to their needs, SecureDrive Loan Protection provides the following levels of coverage:
Life
- Accelerated death benefit: if medically diagnosed as terminally ill, the life insurance benefit is paid immediately
- Only 12 month pre-existing condition clause for Life coverage
- Eligibility:
- Issue Ages 18 through 59: up to $500,000
- Issue Ages 60 through 70: up to $200,000
Critical Illness & Life
- Critical Illness Coverage (available with the purchase of Life coverage) includes:
- Heart Attack
- Stroke
- Life Threatening Cancer
- Only 12 month pre-existing condition clause for Critical Illness coverage
- For Critical Illness claims, Pre-existing Conditions are investigated if the claim occurs within the first 24 months after the effective date of insurance
- Eligibility:
- Issue Ages 18 through 59: up to $500,000
- Issue Ages 60 through 70: up to $200,000
Disability
- Disability Coverage: Issue Ages 18 through 64: up to $4,500 per month
- Choice of 6 waiting periods: 14 day retro, 14 day non-retro, 30 day retro, 30 day non-retro, 60 day retro, 60 day non-retro
- Only 12 month pre-existing condition clause for Disability coverage