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Loan Cancellation Life Insurance

Basic Plan Guaranteed Issue Plan Premium Calculator Frequently Asked Questions How to Apply
Brochure Certificate Medical History Statement



Premium Calculator

Use this calculator to determine the estimated monthly premium for the Loan Cancellation Life Insurance you wish to elect.

Borrower

My age on January 1 of this year is: 1,2, 3
My loan balance is: $
 
Select a Plan:
 
Select a Benefit if the Basic Plan has been elected above:
 
      

 
Estimated monthly premium: 4

Before enrolling, review the Loan Cancellation Life Insurance Brochure and Group Certificate for answers to commonly asked questions, costs, exclusions, limitations and reductions.



1 All rates will be recalculated based on the insured person's age as of November 30 of each year. These rates are not guaranteed. Notice will be given at least 30 days in advance of any changes in these rates.

2 Rate for two insureds is based on the age of the older insured person.

3 On joint applications in which both borrowers enter either of the two plans, each borrower's rate will be based on that individual's age.

4 For a loan made on or after June 1, 1990, each monthly premium will be a level 12-month premium equal to the product of the applicable rate and the projected balance of the loan as of the next November 30.