BANKING

Credit Protection Eligibility and Requirements

The State Farm Bank® Credit Protection Program is an optional service for State Farm® Rewards Visa®, State Farm Crystal Rewards® Visa Signature®, and State Farm® Good Neighbor Visa® credit card customers that will cancel a monthly minimum payment for a specified period of time. Choose the level of protection that is right for you: Essential, Preferred or Premier Credit Protection. Once you are 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

"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 6 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.

Exclusions

You do NOT qualify for Disability benefits if your disability is due to:

  • Childbirth
  • Normal pregnancy
  • Intentionally self-inflicted injuries
  • Disability during the first 6 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 6 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