The easiest way to pay premiums is to sign up for convenient pre-authorized monthly deductions from your checking account. You can also pay with a credit card (fee may apply).
You can apply for the Wage Protector insurance plan if you are between the ages of 18 and 68 and you are actively at work for at least 30 hours per week at the time of application and for the 180-day period prior to application. Wage Protector is only available in AZ, DE, IL, KY, MD, NE, NV, WV, WI, WY.
For Involuntary Unemployment and SALARYGAP, you cannot have received a verbal or written notice of impending termination of employment, general notice of company downsizing/layoffs, impending/threatened strikes/lockout or other forms of work stoppage.
Yes, you can qualify for coverage if you regularly work at least 30 hours per week.
Yes, you can qualify for coverage if you are self-employed, or an independent contractor as defined in the summary of coverage (link to summary of coverage below), or get paid in cash. You’ll just need to prove your work pays a salary or wages and you work at least 30 hours per week.
Your credit score is not a factor in determining your eligibility for Wage Protector coverage and does not affect the price you pay for this coverage.
To purchase the policy, you must be actively at work for at least 30 hours per week for the last 180 consecutive days or more. And you must become disabled while insured and remain disabled for at least the 30-day waiting period.
If you have a pre-existing condition, no benefit will be paid if it becomes the reason for your disability within the first 12 months following your policy effective date. However, benefits will be payable if the pre-existing condition is the reason for your disability after the first 12 months following your policy effective date.
Yes, for the disability benefit, there is a 30-day waiting period. And for the Involuntary Unemployment and re-employment SALARYGAP® (re-employment at lower paying job with a 20% or more salary reduction after a covered Involuntary Unemployment event), there is a 180-day waiting period after purchasing the policy. Involuntary Unemployment/Re-employment events that occur any time prior to purchase are not covered.
After an Involuntary Unemployment event, benefits are non-retroactive and will be calculated starting on the 31st day after you become involuntarily unemployed. SALARYGAP® benefits are payable retroactive to the date the salary gap occurred after being re-employed for 90 days.
Filing a claim is simple. You can start your claim by submitting a First Notice of Loss (FNOL) to the address contained in the FNOL, which you will receive after the policy purchase is complete, or you can call Monday-Friday, from 8:30 a.m. to 4:00 p.m. (Central Time) at (800) 825-7531.
To start the claim process, you will need to provide proof and timing of your Involuntary Unemployment or Disability. The typical sources of this are a letter from your employer or contractor regarding your Involuntary Unemployment or a form from your doctor that says you are unable to work for more than 30 days.
Credit One Insurance Agency is headquartered in Las Vegas, Nevada and was founded to support Credit One Bank customers with affordable products and unique coverage that helps avoid a financial setback.
