Balance Protection

Payment Protection Plan

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For a monthly premium charge of $1.20 per $100 of your insured balance5, plus applicable taxes, you can enroll in Payment Protection Plan1 today. Enjoy the security of knowing that the amount owing on your Credit Card Account, as of your date of loss, can be protected by either a lump sum payment or monthly payments, to a maximum of $25,000, should you experience one of the following covered events4:

  • Loss of Life2
  • Job Loss2
  • Total Disability2

Plan Features

Get a refund of premiums while receiving monthly benefits, and on your return to work after a covered Total Disability or Job Loss claim you could receive one additional monthly benefit payment.

  • Certificate of Insurance
    Please view this pdf for a complete list of benefits, eligibility, exclusions and limitations.

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