Debt Cancellation

Future-Proof Your Finances

If you’re a breadwinner, free yourself and your family from burdensome payments in case you can no longer provide earnings. Choose from three Debt Cancellation plans.

Call (512) 498-CARS (2277) for a free quote.

Three Simple Plans

Debt Cancellation is available with single or joint coverage as follows:

Plan Options	Protection	Monthly rate per $1,000 of loan balance
Premier Plan	Death: cancels loan balance Disability: cancels loan balance Involuntary Unemployment: cancels 3 payments	$2.21 Single / $3.98 Joint
Value Plus	Death: cancels loan balance Disability: cancels loan balance	$1.03 Single / $1.80 Joint
Value	Death: cancels loan balance	$0.54 Single / $0.89 Joint

Benefit Maximums: Death protection cancels a maximum of $100,000. Disability and Involuntary Unemployment monthly cancellations are limited to $1,250 per month. Involuntary Unemployment is limited to $15,000 (12 monthly payments) over the term of the loan and $3,750 per each occurrence (3 monthly payments).

Eligibility Requirements

Maximum age is 70; protection terminates at age 71 for all plans
Qualifying health restrictions apply for all plans
To apply for Premier and Value Plus plans, you must work at least 24 hours per week
To apply for Premier plan, you must not be self-employed, and you must not have received unemployment benefits within the past two years

Effective as of July 1, 2019

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