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Sovereign Loan Protection Plan


	Protect what matters most — your family, your assets, and your finances. Get peace of mind knowing your Sovereign loan payments and/or outstanding loan balance can be canceled if you experience involuntary unemployment, disability, or even loss of life. Sovereign can help take the worry away by giving your family members the sense of security they need.


	You can protect your family's finances by directing your household income where you need it most. Simply add a Loan Protection Plan to your new Sovereign secured loan, Home Equity Loan, or Home Equity Line of Credit. Sovereign can help you with three great protection options: Life Your eligible debt on your protected Sovereign loan will be canceled in the event of your loss of life Co-borrowers do not have to repay the eligible debt Existing life insurance benefits can be used by your beneficiaries to pay other obligations or provide income to your family Disability Will allow you to cancel your eligible loan payments on your protected Sovereign loan and allow you to use your reduced income (disability benefits) to help meet medical expenses Will reduce stress on family budget during an already stressful time of disability Involuntary Unemployment Will allow you to cancel your eligible loan payments on your protected Sovereign loan and use your already reduced unemployment income to pay other bills or obligations For more information, or to purchase Sovereign's Loan Protection Plan, see your Sovereign Bank representative.

1. Your purchase of the Loan Protection Plan is optional. Whether or not you purchase the Loan Protection Plan will not affect your application for credit or the terms of any existing agreement you have with us.
2. We will give you additional information, including cost information, before you are billed for the Loan Protection Plan. This will include a copy of the Agreement containing the eligibility requirements, terms, conditions, and exclusions of the Loan Protection Plan.
3. There are eligibility requirements, terms, conditions, and exclusions that could prevent you from receiving Loan Protection benefits, or could limit the amount or duration of benefits available to you. You should carefully read the Agreement for a full explanation of the terms of the Loan Protection Plan.
4. Life protection is capped at $100,000 for secured loans and Home Equity Loans and Lines of Credit over $100,000.


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