Standard CreditLine with Payment Relief
WALKAWAY Standard CreditLine with 4-Month Payment Relief is not available as complimentary coverage. However anyone under 79 years of age may purchase it if you make your own vehicle financing arrangements using a personal line of credit. The coverage is fixed for a term of 60 months and covers you for all the same reasons as WALKAWAY Standard with Payment Relief and has a maximum benefit of $10,000.
Here’s how it works. WALKAWAY CreditLine with Payment Relief will allow for the return of a vehicle to the selling dealer and the benefit paid to your line of credit will be calculated by subtracting the actual cash value of your vehicle from the amount you would have otherwise owed on a 60 month term loan, up to $10,000.
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| COVERED CIRCUMSTANCES |
12-MONTH
COMPLIMENTARY
|
12-MONTH
BASIC
Payment
Relief X 2
|
FULL-TERM
BASIC
|
FULL-TERM STANDARD
|
FULL TERM STANDARD
Payment
Relief X 4 or 6
|
FULL-TERM
ESTATE |
FULL-TERM
ELITE
Payment
Relief X 8
(8 Payments) |
| $7,500
|
$7,500
|
$7,500
Up to 84
Months
|
$10,000
Up to 84
Months |
$10,000
Up to 84
Months |
$20,000
Up to 84
Months |
$20,000
Up to 84
Months |
| FREEDOM TO RETURN YOUR VEHICLE |
| Involuntary Unemployment |
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| Physical Disability |
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| Loss of Driver's License†† |
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| International Job Transfer |
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| Accidental Death |
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| Self-Employed Personal Bankruptcy |
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| Critical Illness Requiring Hospitalization |
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| Death due to Critical Illness |
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| Temporary Job Layoff |
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| Mental Disability |
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| FREEDOM TO KEEP YOUR VEHICLE |
| Involuntary Unemployment |
|
2 MONTHS* |
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4 or 6 MONTHS** |
|
8 MONTHS† |
| Physical Disability |
|
2 MONTHS* |
|
|
4 or 6 MONTHS** |
|
8 MONTHS† |
| Critical Illness Requiring Hospitalization |
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|
4 or 6 MONTHS** |
|
8 MONTHS† |
| Temporary Job Layoff |
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8 MONTHS† |
| Family / Medical Leave of Absence |
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8 MONTHS† |
| Self Employed Disability |
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8 MONTHS† |
| Mental Disability |
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8 MONTHS† |
| ADDITIONAL PROGRAM FEATURES |
| No Pre-Existing Health Exclusions |
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| Age Limit at Time of Purchase |
None |
78 |
78 |
78 |
78 |
78 |
78 |
| No Employment or Health Questions |
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* Includes coverage for up to two (2) 30-day payment periods
** Includes coverage for up to two (2) or three (3) 60-day lump sum payments
† Includes coverage for up to four (4) 60-day lump sum payments
†† Due to age or medical impairment
This represents a summary of coverages and does not form a part of the certificate of insurance. Employment related coverages (excluding disability) begin on the 91st day. Please consult your certificate of insurance for complete detail.
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