To be eligible for the involuntary job loss coverage, you must be employed for at least 30 hours/week (full-time basis) or 20 hours/week (part-time basis) with the same employer for at least 3 months before the claim.

Disability and Hospitalization benefits are subject to a 6-month pre-existing condition exclusion clause. Any disability or hospitalization arising from such condition will not be covered. If you have been diagnosed with cancer prior to the effective date of your coverage, you will be eligible for cancer benefits only after you complete a period of at least 365 consecutive days where you have been free of all symptoms and have not received treatment for such conditions.

A critical illness benefit will not be paid if the date of diagnosis of the critical illness occurs in the first 60 days following the effective date, or you have been diagnosed with AIDS or related HIV condition. Benefits are based on the outstanding balance owing to Rogers Bank on the insured credit card as of the last billing date prior to the date of loss; and any additional charges made to the account after the last billing date prior to the loss are not covered by the claim.

Coverage ends on the next billing date after the primary cardholder reaches age 65 for involuntary job loss and disability, and age 70 for hospitalization and cancer. At age 70, life insurance coverage is limited to accidental death.

There is a waiting period for disability and involuntary job loss benefits. For involuntary job loss, you must be continuously unemployed for a minimum of 30 consecutive days. For disability, you must be continuously disabled for a minimum of 30 consecutive days (if working on a permanent basis) or 60 consecutive days (if not working on a permanent basis).

Other limitations and exclusions apply. For more details, visit rogersbank.com or call 1 855 453-5684.

See Rogers Bank Optional Group Balance Protection Insurance Terms & Conditions