Credit Protection Eligibility and Requirements
The State Farm Bank Credit Protection Program is an optional service for State Farm™ Rewards Visa®, and State Farm™ Good Neighbor Visa® credit card customers that will cancel a monthly minimum payment for a specified period of time under three levels of protection: Essential, Preferred or Premier Credit Protection. Once enrolled in the program, benefits are triggered by a "covered event." Each covered event is defined and explained below. Not all covered events listed are included under all levels of protection, for more information see the Credit Protection Summary.
"Disability" Defined: "Disability" means that you were injured in an accident or suffer from an illness that prevents you from performing the material and substantial duties of your job, or, if you are retired or are otherwise unemployed, that would prevent you from performing the material and substantial duties of any and all jobs. To be entitled to Disability benefits, you must be under the continuous treatment of a physician who will verify your Disability and your continuous treatment.
Benefit Period: Benefits for Disability will commence as of the beginning of the billing period in which we determine that you have provided satisfactory evidence that your Disability has continued for 30 consecutive days. Premier and Preferred Credit Protection benefits will be provided for not more than a total of 24 billing periods and Essential Credit Protection benefits for not more than a total of six billing periods for each covered event and will stop, if sooner, as of the beginning of the billing period in which the Disability ends or you fail to provide satisfactory evidence that the Disability is continuing.
You do NOT qualify for Disability benefits if your disability is due to:
- Normal pregnancy
- Intentionally self-inflicted injuries
- Disability during the first six months of State Farm Bank Credit Protection coverage arising from an accident or illness that caused you to consult with a physician or seek medical treatment within six months prior to your enrollment in the State Farm Bank Credit Protection Program
- Disability that occurs prior to your enrollment (or re-enrollment) in the State Farm Bank Credit Protection Program
State Farm Bank, F.S.B., Bloomington, Illinois ("Bank"), is a Member FDIC and Equal Housing Lender. NMLS ID 139716. The other products offered by affiliate companies of State Farm Bank are not FDIC insured, not a State Farm Bank obligation or guaranteed by State Farm Bank, and may be subject to investment risk, including possible loss of principal invested. The Bank encourages any interested individual(s) to submit an application for any product(s) offered by the Bank. We also encourage you to obtain information regarding the Bank's underwriting standards for each type of credit or service offered by visiting statefarm.com or by contacting the Bank at 877-SF4-VISA (877-734-8472). Callers who are hearing or speech impaired should dial 711 or use a preferred Telecommunications Relay Service. To apply for a Bank product, you may also see your participating State Farm agent.