Credit Life Insurance
Who will pay your credit card balance in the event of an emergency? With credit insurance on your Cash on Demand, NowLine or Visa Credit Card offered through Wells Fargo Bank, N.A. you can rest assured knowing your minimum monthly payments on your Wells Fargo Financial account will continue to be made in the event of an involuntary job loss or covered illness or injury that prevents you from working. In the event of your death, your outstanding account balance at date of death will be paid up to the maximum amount of insurance.
- Easy to get coverage – No health exam required to enroll.
- Cancel at any time – Notify us in writing and we will cancel your policy at any time.
- Reasonable coverage cost – The cost is calculated based on your account balance.
(Zero balance = Zero cost) - Convenient payments – The cost of coverage will be included in your monthly statement, so there is no separate bill to pay.
Product availability and product coverage varies by state:
- Wells Fargo Payment Advantage
- Chargegard
- Learn more about the features of these and similar products.
Wells Fargo Payment Advantage SM is a marketing name used by Centurion Life Insurance Company and Centurion Casualty Company.
*The underwriting insurance companies vary by state and coverage type and include: Centurion Life Insurance Company of 800 Walnut St., Des Moines, IA 50309 and American Bankers Life Assurance Company of Florida and American Bankers Insurance Company of Florida (home office, Miami, FL) or American Reliable Insurance Company (home office, Scottsdale, AZ) of 11222 Quail Roost Drive, Miami, FL 33157, and in New York, Credit Life and Disability is underwritten by Union Security Life Insurance Company of New York (home office, Fayetteville, NY) and is solely licensed in New York. In NY, coverage is approved under Group Master Policy Form Number. Centurion Life Insurance Company is licensed in all states except ME, NY, and VT. Centurion Life Insurance Company, NAIC Company Code 62383 is domiciled in Iowa. Centurion Life Insurance Company is an affiliate of Wells Fargo Financial, Inc.
The creditor is not acting as a broker to you but as an agent for the insurance company. The creditor and/or its affiliates, including insurance company affiliates expect to earn profits from the sale of credit insurance products.
Eligibility, restrictions and exclusions vary by coverage and state. If you have other insurance that covers the same risks as described, you may not need or want to purchase this insurance. This credit insurance is optional. You are not required to purchase the insurance to obtain credit. Program not available in KY, MN and NH. Please check with your local branch for restrictions, including maximum amount of insurance and term limitations.
This insurance product is not a deposit, nor is it insured or guaranteed by the FDIC, Wells Fargo Bank, N.A., or any Federal Government Agency. We may not condition your extension of credit on either: your purchase of an insurance product from us or our affiliates, your agreement not to obtain insurance from an unaffiliated entity, or a prohibition on your obtaining insurance from an unaffiliated entity.
