Member’s Choice Borrower Security Contract Sample Contracts
BORROWER 1 NAME BORROWER 2 NAME ACCOUNT NUMBER MEMBER’S CHOICE™ BORROWER SECURITY CONTRACT (“Contract”) PROTECTED LOANMember’s Choice Borrower Security Contract • August 21st, 2019
OPTIONS YOU ELECT THE FOLLOWING OPTION:(check only one box) LifePlus Disability &Unemployment LifePlus No Protection - Life Plus- Disability- Involuntary Unemployment - Life Plus Program Fee: Rate per $100 of the Monthly OutstandingLoan Balance Single Joint$0.299 $0.499 Single Joint$0.119 $0.219 Estimated Total Fees forOption chosen (Closed-End Only) $ For the Option elected above, You choose (check only one box): Joint Protection Single Protection for Borrower 1 Single Protection for Borrower 2 This Contract protects the Borrower(s) listed above who elected protection.ELIGIBILITY QUESTION:Subject to the terms, conditions and exclusions, You are eligible for protection under this Contract if You are a Borrower on the Loan on the Effective Date of Protection and meet the eligibility requirements below.If electing an option with Disability or Involuntary Unemployment, You must answer Question 1.1. Are You actively working, for wages or profit, for 25 hours or more pe
THIS IS NOT A CONTRACT FOR INSURANCEMember’s Choice Borrower Security Contract • March 23rd, 2007
OPTIONS YOU ELECT THE FOLLOWING OPTION:(check only one box) Full Loan Protection· Loss of Life· Disability· Involuntary Unemployment Standard Loan Protection· Loss of Life· Disability Basic Disability· Disability Basic Life· Loss of Life No Protection Program Fee: Cost per $100 of the Monthly Outstanding Loan Balance $0.467 $0.267 $0.206 $0.089 This Contract protects the first two Borrowers listed on the lending agreement. The protected Borrower (s) may not qualify for all benefits.NOTICES:*If the Outstanding Balance is greater than $50,000, the rate will not be applied to the amount that exceeds $50,000.The Contract contains certain terms, conditions and exclusions. Subject to those terms, conditions and exclusions, You are eligible for protection under this Contract if You are a Borrower on the Loan on the Effective Date of Protection and meet the eligibility requirements below.ELIGIBILITY QUESTIONS:If electing Disability or Involutary Unemployment, You must answer Question 1.1. Ar