Full-Term Elite with Payment Relief X 8
Anyone under 79 years of age may upgrade to WALKAWAY Full-Term Elite with 8-Month Payment Relief for up to 84 months of worry-free financing. It lets you keep driving even if a covered event occurs.
WALKAWAY Full-Term Elite with Payment Relief = WALKAWAY Standard. It covers the same 8 life events PLUS:
- Increases your coverage from $10,000 to $20,000.
- Provides extended coverage for temporary job lay off, mental/ stress disability – unable to work, family/ medical leave of abcense and self-employed disability unable to work
- Up to 8, 30-day payment periods (8 months), Payment Relief lets you choose to keep your vehicle if your circumstances change - while up to 240 days of loan or lease payments are made directly to the lender on your behalf
Now you are covered for 12 life events for up to $20,000.
Once you have supplied proof of claim a lump sum payment will be made directly to your vehicle loan or lease holder totalling 60 days of your payments, then after you re-submit continued proof of claim another lump sum payment totalling 60 days of your payments will be made. Once 120 days of payments have been effected to your account you eligible for continued payments after a 30 day interim waiting period
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| COVERED CIRCUMSTANCES |
12-MONTH
COMPLIMENTARY
|
12-MONTH
BASIC
Payment
Relief X 2
|
FULL-TERM
BASIC
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FULL-TERM STANDARD
|
FULL TERM STANDARD
Payment
Relief X 4 or 6
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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 |
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2 MONTHS* |
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4 or 6 MONTHS** |
|
8 MONTHS† |
| Physical Disability |
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2 MONTHS* |
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4 or 6 MONTHS** |
|
8 MONTHS† |
| Critical Illness Requiring Hospitalization |
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4 or 6 MONTHS** |
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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.
Payment Relief:
WALKAWAY Full-Term Elite with 8-month Payment Relief pays directly to your lender a lump sum equal to 8 x 30 days of loan or lease payments in the event of permanent/ temporary job loss, physical/ mental disability, critical illness, family/ medical leave of absence or self-employed disability (physical/ mental) up to $750 each. This payment is NOT pro-rated and never has to be re-paid even if you regain health and/or return to work inside the 8 x 30-day periods. Vehicle return privileges remain in effect for all covered events after the payment relief options are exhausted, including the one that triggered the payments.
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