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Credit card and insurance
are two very important
financial services in modern
sociaty. In a world that is
built on the basis of
credit, credit cards is a
part of daily life for most
ordinary people. Insurance,
on the other hand, is
something to protect you
from uncertainty which may
happen unexpectedly to
anybody. The idea of
insuring the future is now
accepted by more and more
people. Insurance and credit
cards go hand in hand in
many ways.
Coverage for certain
insurance policies are
sometimes provided as
benefit by credit cards
issuers at no extra charge.
For example, Chase i-card
provides the following
insurance coverage:
$500,000 Worldwide Automatic
Travel Accident Insurance
coverage
Purchase Protection - an
insurance program that
covers purchases against
damage or theft for 90 days
from purchase date
Auto insurance and travel
insurance are usually such
benefit for cardholders.
For an additional premium,
insurance protection plans
are also available for
cardholders to protect an
outstanding balance on the
cards. Usually, the
insurance policy will cover
the following:
Critical Illnes Protection:
For a primary or spousal
cardholder under 65 years of
age and were to be diagnosed
with certain critical
illnesses, such as Cancer,
Heart Attack or Stroke, the
insurance policy would pay
in full the balance owing on
the insured account up to a
maximum.
Disablitily Protection: For
primary cardholders under 65
years of age who become
temporarily disabled as a
direct result of an illness
or accident, this insurance
policy will make the minimum
monthly payments with
certain limitation.
Accidental Death Protection:
For primary or spousal
cardholders over 65 years of
age and were to lose their
life as a direct result of
an accident, the full
outstanding balance (to a
maximum limitation) will be
paid in full by the
insurance plan.
Job Loss Protection: For a
primary cardholder under 65
years of age and he or she
becomes involuntarily
unemployed, the insurance
policy will cover the
minimum monthly payments
based on the balance to a
certain limitation until the
cardholder is working again,
or until your balance is
reduced to zero.
Dismemberment Protection:
For a primary or spousal
cardholder who were to lose
the sight in both eyes or
lose a limb as a direct
result of an accident, the
insurance policy will pay
the outstanding balance up
to a maximum.
Strike Protection: For a
primary cardholder under 65
years of age who become
unemployed due to a strike
or lockout, the insurance
policy will make the minimum
monthly payments up to a
limitation until the insured
resume working or the
balance is reduced to zero.
Loss of Life Protection:
This insurance policy will
pay the full balance on the
credit card account to a
certain maximum if the
primary or spousal
cardholder under 65 years of
age lose their life.
Insurance for credit cards
is a service that is getting
hotter. However, usually
this service is provided by
the card issuer. The
cardholder is notified
normally by mail along with
their monthly bill or at the
time when they get the
cards. There are growing
concerns about fraud within
unsolicited credit card
insurance marketing
activities. Some thieves use
this as a way to steal your
personal confidential
information. As a rule of
thumb, never give your
confidential information
over phone!
The above information is
informational only. For
accurate insurance policy,
please contact your card
issuers or local insurance
agents before you take out
any insurance policy.
If you are interested in
Life Insurance,
Auto Insurance,
Health Insurance,
Home Insurance, or other
Specialty insurance,
visit angelinsuredeal.com to
get a
free insurance quote.
About the Author
Editor of
http://www.angelinsuredeal.com
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