The Student Loa
n Repayment Rider is available in California on the DInamic Foundation individual Noncancelable (NC) and Guaranteed Renewable (GR) policies. This rider is designed to reimburse student loan payments during a period of disability.
General rider information:
• Available to occupation classes 6A–2A and 6M–2M
• Requires a disability policy with at least $1,000 base monthly benefit
• Maximum number of riders: three
• Duration periods: five to 15 years (must be less than or equal to the base benefit period)
• Minimum monthly student loan benefit: $100
• Maximum monthly student loan benefit: $2,500 (for all riders combined)
• Elimination period: 90 or 180 days (must be equal to or greater than the base policy)
**Please note: If a residual or partial benefit is paid under the policy, this rider will reimburse up to 50% of the monthly loan payment. This is significant because other carriers typically only pay this benefit during a period of total disability.