Account Balance Protection helps you prepare for the unexpected. Below you'll find all the details, costs, and additional information about your specificplan.
Account Balance Protection - Standard
This optional insurance may help you with the payments on your President's Choice Financial®Mastercard®in case the unexpectedhappens.
Details
Pays 3% of your balance as of the date of loss for up to 24 consecutive months in the event that you become disabled or suffer involuntary job loss* up to age65.
In case of death or accidental dismemberment* of the primary cardholder or an authorized user who is your spouse, prior to age 70, pays off the full balance owing on the date of loss, up to$15,000.
Covers one payment of 3% of your balance as of the first day of hospitalization (to a maximum of $500) if you are hospitalized* for more than 7 consecutive days before age70.
Your premium appears on yourstatement.
Cost
The cost is just 99¢ per $100 of your current month's statement balance (plus applicable taxes). For example, if the balance on your monthly statement were $300, the cost would only be $2.97 plus any applicabletaxes.
If your current month's statement balance is zero, so is yourpremium!
Try it risk-free for 30 days – you can cancel anytime, and if you cancel within the first 30 days of your coverage becoming effective we'll refund any premiumscollected.
Account Balance Protection - Spousal
This optional insurance may help you with your President's Choice Financial®Mastercard®payments in case the unexpected happens to you or yourspouse.
Details
Pays 5% of your balance as of the date of loss for up to 20 consecutive months in the event that you or your spouse becomes disabled or suffers involuntary job loss** up to age65.
In case of the death, accidental dismemberment or first diagnosis of a critical illness (certain types of cancer, heart attack, or stroke)** of you or your spouse prior to age 75, pays off the full balance owing on the date of loss or date of diagnosis for critical illness, up to$15,000.
Covers one payment of 5% of your balance as of the first day of hospitalization (to a maximum of $500) if you or your spouse are hospitalized** for more than 2 consecutive days prior to age75.
Your premium appears on yourstatement.
Cost
The cost is just $1.19 per $100 of your current month's statement balance (plus applicable taxes). For example, if the balance on your monthly statement is $300, the cost would only be $3.57 plus any applicabletaxes.
If your current month's statement balance is zero, so is yourpremium!
Try it risk-free for 30 days – you can cancel anytime, and if you cancel within the first 30 days of your coverage becoming effective we'll refund any premiumscollected.
Account Balance Protection - Involuntary Job Loss
This optional insurance may help you with the payments on your President's Choice Financial®Mastercard®in case of involuntary jobloss.
Details
Pays 5% of your balance as of the date of loss for up to 20 consecutive months in the event that you suffer involuntary job loss*** up to age65.
Your premium appears on yourstatement.
Cost
The cost is just 79¢ per $100 of your current month's statement balance (plus applicable taxes). For example, if the balance on your monthly statement were $300, the cost would only be $2.37 plus any applicabletaxes.
If your current month's statement balance is zero, so is yourpremium.
Try it risk-free for 30 days – you can cancel anytime, and if you cancel within the first 30 days of your coverage becoming effective we'll refund any premiumscharged.
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