|
Protection From the Unexpected
We understand that no matter how much you plan, you simply can't be prepared for everything. With that in mind, we have developed our Smart Payment Protection Plans which may be available to you with your personal loan.* If something unanticipated should happen, your loan payments to Whitney will be canceled for a specified amount of time, until you can get back on your feet.
Whitney has several plans to choose from:
Smart Payment Protector A 
Involuntary Unemployment, Hospitalization, and Accidental Death Protection
Smart Payment Protector B
Disability and Accidental Death Protection
Smart Payment Protector C
Involuntary Unemployment, Hospitalization, Survivor, Disability and Accidental Death Protection
Smart Payment Protector D
Hospitalization and Accidental Death Protection
To learn more about everything Smart Payment Protection can do for you, stop by your local branch and speak with a Whitney Banker.
* Not available on all personal loans.
Your purchase of any Smart Payment Protection Plan product in connection with your personal loan is optional. Whether or not you purchase a Smart Payment Protection product will not affect your application for credit or the terms of any existing credit agreement you have with the bank.
We will give you additional information before you are required to pay for any Smart Payment Protection product. This information will include a copy of the Addendum containing the terms of the Smart Payment Protection product you choose.
There are eligibility requirements, conditions and exclusions that could prevent you from receiving benefits under your Smart Payment Protection product. You should carefully read the additional information, including the Addendum, for a full explanation of the terms of the Smart Payment Protection product you choose.
Loans are subject to credit approval.
Smart Payment Protector A
Smart Payment Protector A, perfect for workers on payroll, helps with payments if you are:
Laid off -- Involuntary Unemployment Protection cancels up to six monthly payments. The protected borrower may requalify for an additional six months after working for 12 consecutive months.
Sick or injured and require hospitalization -- Hospitalization Protection cancels up to three monthly payments if the protected borrower is hospitalized.
In a fatal accident -- Accidental Death Protection ensures that the outstanding loan balance is canceled upon the accidental death of the protected borrower.
back
Smart Payment Protector B
Smart Payment Protector B is ideal for workers on payroll, self-employed people and independent contractors. It can help with your payments if you are:
Disabled -- Disability Protection cancels up to a total of 12 monthly payments. The protected borrower may requalify for an additional 12 months after returning to work for 12 consecutive months.
In a fatal accident -- Accidental Death Protection ensures that the outstanding loan balance is canceled upon the accidental death of the protected borrower.
back
Smart Payment Protector C
Smart Payment Protector C, perfect for workers on payroll, helps with payments if you are:
Laid off -- Involuntary Unemployment Protection cancels up to six monthly payments. The protected borrower may requalify for an additional six months after working for 12 consecutive months.
A survivor -- Cancels up to 12 monthly payments if protected borrower dies for any reason. This benefit expires when the protected borrower reaches the age of 70.
Disabled -- Disability Protection cancels up to a total of 12 monthly payments. The protected borrower may requalify for an additional 12 months after returning to work for 12 consecutive months.
Sick or injured and require hospitalization -- Hospitalization Protection cancels up to three monthly payments if the protected borrower is hospitalized.
In a fatal accident -- Accidental Death Protection ensures that the outstanding loan balance is canceled upon the accidental death of the protected borrower.
back
Smart Payment Protector D
Smart Payment Protector D is ideal for workers on payroll, self-employed people, retirees and independent contractors. It can help with your payments if you are:
Sick or injured and require hospitalization -- Hospitalization Protection cancels up to three monthly payments if the protected borrower is hospitalized.
In a fatal accident -- Accidental Death Protection ensures that the outstanding loan balance is canceled upon the accidental death of the protected borrower.
back
To learn more about everything Smart Payment Protection can do for you, stop by your local branch and speak with a Whitney Banker.
|
