Credit Protection

SUMMARY OF INSURANCE COVERAGES

IMPORTANT INFORMATION ON CREDIT PROTECTION LIMITATIONS, EXCLUSIONS, COSTS: Upon acceptance of your enrollment, you will receive your certificates and/or policies indicating your effective date. Eligibility, restrictions and exclusions vary by coverage and state. Read your certificates and/or policies carefully for full details. If you have other insurance that covers the same risks as described, you may not need or want to purchase this insurance. This credit insurance is optional. You are not required to purchase the insurance to obtain credit. You are free to cancel anytime. Premium rates are subject to change. Rates disclosed are accurate as of the printing date of this disclosure. The underwriters referenced below reserve the right to modify the terms and conditions of the insurance certificates and/or policies upon written notice and subject to state regulations.

COVERAGE IS NOT AVAILABLE IN: KY, HI, MD, MN & NY

LIFE COVERAGE (applies only to the person whose name appears first on the instrument of indebtness): If you die, Credit Protection will pay to the Creditor the outstanding account balance as of the date of death, up to the master policy maximum of $10,000. Suicide is excluded except in MD & MO. In CA, we will not pay a claim on an advance if you commit suicide within six months of that advance. Life is not available in FL & OH.

DISABILITY (applies only to the person whose name appears first on the instrument of indebtness):If you become totally disabled, Credit Protection will pay to the Creditor your scheduled minimum monthly payment due on your account on the date of loss. Benefits begin after 30 consecutive days of disability and are retroactive to the first day of loss. Disability coverage is not retroactive in MA. Benefits will continue until your balance on the date of loss is paid off, you return to work, you are no longer disabled or you reach the master policy maximum of $10,000, whichever occurs first. Disability benefits are not payable for purchases/advances added to your account after the date of disability (except in MA); self-inflicted injury (except in TX); flight in nonscheduled aircraft in MA & PA; war, (declared or undeclared) and foreign travel or foreign residence in MA; normal pregnancy in PA. Disability is not available in OH.

UNEMPLOYMENT/FAMILY LEAVE: If you are involuntarily unemployed or take a voluntary leave of absence, Credit Protection will pay to the Creditor your minimum monthly payment up to your outstanding account balance on the date of loss. Benefits begin after 30 consecutive day and are retroactive to the first day of loss for unemployment & family leave in AK, AL, CA, CT, FL, NC, NH, NJ, NM, PA, WA, & VT and for unemployment only in MA & TX. In all other states a benefit is paid after the first 30 consecutive days of unemployment/family leave and for each additional 30 consecutive days. Benefits will continue until you return to work or you reach the master policy maximum of $10,000, whichever occurs first. The number of monthly benefit payments for unemployment will not exceed 12 in IL, MI, MO, NC, PA, SC, & SD; for family leave 9 in AR, AZ, CO, DC, DE, GA, IA, ID, IL, IN, KS, LA, ME, MI, MS, MT, ND, NE, OH, OK, OR, RI, SC, SD, TN, UT, WI, WV & WY and 6 in AL & PA. Your covered leave of absence must be due to an accident or illness of an immediate family member; childbirth/adoption; recall to active military service; or residing a federal declared disaster area. Benefits are not payable for purchases or advances added to your account after the date of involuntary unemployment or family leave in AK, AL, CA, CT, FL, NC, NH, NJ, NM, PA, VT & WA and involuntary unemployment only in MA & TX. Unemployment excludes disability caused by accident, sickness, disease & pregnancy (except in FL, MA, NH, NJ & TX); voluntary forfeiture of salary, wages, or income and termination as a result of willful or criminal misconduct (except in FL, NH & NJ); disability in FL, NH, NJ & MA; discharge for cause in FL, NH & NJ; retirement in MA & TX; normal seasonal unemployment in MA & TX. Family leave excludes a leave of absence that begins within 90 days of the effective date of coverage. Family leave is not available in FL, MA, MD, MO, NV, TX, & VA.

Coverage is underwritten by American Bankers Life Assurance Company of Florida, American Bankers Insurance Company of Florida, American Reliable Insurance Company, American Security Insurance Company and Standard Guaranty Insurance Company 11222 Quail Roost Drive, Miami, FL 33157-6596. In TX life & disability certificate number - AE2608CB-0901(3.53 R.A.); unemployment certificate number - AD9139CQ-0499. In CA, life and disability coverage provided by ABLAC and ARIC provides remaining coverages described above. Coverage for life and disability is provided under form numbers AA3762PL-1201 & AB8633PQ-0283. The creditor has a financial interest in the sale of this insurance. Ana Aguila is the licensed agent for the states of FL, ND & WV.

COST PER $100 PER MONTH: 65.7¢ in AK; 86.7¢ in AL; $1.114 in AR; 73.6¢ in AZ; 72.9¢ in CA; 29.4¢ in CO; 83.8¢ in CT; $1.077 in DC; $1.09 in DE; 52.6¢ in FL; 90.8¢ in GA; $1.064 in ID; 98.7¢ in IA; 93.9¢ in IL; 88.6¢ in IN; 90.2¢ in KS; $1.084 in LA; 62.8¢ in ME; 42.9¢ in MA; 93.3¢ in MI; 50¢ in MO; $1.128 in MS; $1.06 in MT; 70.2¢ in NH; 70.4¢ in NJ; 68.7¢ in NM; 36.5¢ in NV; 56.8¢ in NC; 46.2¢ in ND; $1.032 in NE; 76¢ in OH, $1.021 in OK; 86.9¢ in OR; 69.2¢ in PA; 98.9¢ in RI; 86.2¢ in SC; $1.017 in SD; $1.032 in TN; 38.6¢ in TX; $1.001 in UT; 63.6¢ in VT; 28.4¢ in VA; 93.4¢ in WI; $1.07 in WV; 75.4¢ in WA; $1.08 in WY. The cost of credit insurance will be financed at the rate specified in your agreement with the creditor.

Coverages are only available as a package. If you cancel within 30 days of receiving your certificate, we will refund your premium. Insurance and cost disclosures are accurate as of the printing date.

This insurance product is not a deposit, nor is it insured or guaranteed by the FDIC, Applied Bank, or any Federal Government Agency. We may not condition your extension of credit on either: your purchase of an insurance product from us or our affiliates, your agreement not to obtain insurance from an unaffiliated entity, or a prohibition on your obtaining insurance from an unaffiliated entity.

AR, LA, ME, NM, OH, TN & VA residents: Any person who knowingly and with intent to defraud any insurance company or other person files an application for insurance or statement of claim containing any materially false information or conceals, for the purpose of misleading, information concerning any fact material thereto, commits a fraudulent insurance act, which is a crime and may subject such person to criminal and substantial civil penalties. (VA residents; this notice is not applicable to life and health insurance).

DC residents: It is a crime to provide false or misleading information to an insurer for the purpose of defrauding the insurer or any other person. Penalties include imprisonment and/or fines. In addition, an insurer may deny insurance benefits if false information materially related to a claim was provided by the applicant.

NJ residents: Any person who includes false or misleading information on an application for insurance policy is subject to criminal and civil penalties.

FL residents: Any person who knowingly and with intent to injure, defraud or deceive any insurer files a statement of claim or an application containing any false, incomplete, or misleading information is guilty of a felony of the third degree.

PA residents: Any person who knowingly and with intent to defraud any insurance company or other person files an application for insurance or statement of claim containing any materially false information or conceals for the purpose of misleading, information concerning any fact material thereto commits a fraudulent insurance act, which is a crime and subjects such person to criminal and civil penalties.

WA residents: It is a crime to knowingly provide false, incomplete, or misleading information to an insurance company for the purpose of defrauding the company. Penalties include imprisonment, fines, and denial of insurance benefits.

CREDIT INSURANCE PRE-PURCHASE DISCLOSURE
This disclosure is required by MA law. You may purchase optional credit life insurance and credit disability insurance.
CREDIT LIFE INSURANCE: If you die while coverage is in force, we will pay the outstanding balance of your loan to the creditor. We will not pay a life benefit in the first 2 years if you die as a result of suicide.
CREDIT DISABILITY COVERAGE: If you become disabled while this coverage is in force, we will pay up to your minimum monthly payment, as of the date of your disability, to the creditor. We will not pay benefits if your disability is the result of war, a self-inflicted injury, flight in non-scheduled aircraft, foreign travel or foreign residence. You must send proof of disability within 90 days. There is a 30 day waiting period. You are eligible for this coverage if you work 30 hours a week, are in a non-seasonal occupation and meet the age criteria below.
GENERAL: See certificate of insurance for specific definitions. You are eligible for optional credit life insurance and credit disability insurance if you are between 18 and 65 years of age. Coverage will expire on your 66th birthday. The maximum benefit is $10,000. You may cancel this coverage at any time. All unearned premiums will be credited to your account by the actuarial method for life coverage and by the pro-rata rule for disability coverage. The premium rate for the credit life and credit disability insurance is $0.159 per $100 of monthly outstanding balance. These coverages can only be purchased as a package. If other insurance exists that covers this risk or that may cover this risk, one may not want or need this coverage.