ATB Financial - Personal Services - MasterCard - Balance Insurance Plan: Information

The ATB Financial MasterCard Personal Card Balance Insurance Plan ("The Plan") is underwritten by The Manufacturers Life Insurance Company ("Manulife Financial") and First North American Insurance Company ("FNA"), and is offered to eligible ATB Financial MasterCard Personal Cardholders on a group basis.

Eligibility:

The Plan is optional and not a condition of credit approval. To be eligible to enroll for The Plan, you must be a resident of Canada, aged 18 through 64, and have entered into an ATB Financial MasterCard Cardholder Agreement.

Benefits

Accidental Dismemberment Benefit - if you or your spouse, who is a joint cardholder while insured, dies by accidental means or sustains a bodily injury by accidental means which results directly in loss of life within 365 days of the date of such injury, Manulife Financial will pay the balance as at the date of death of the Insured, including all in-transit retail sales and cash advances incurred prior to death but in no event more than $25,000.

Job Loss Benefit - If you involuntarily lose your job, and your unemployment continues beyond the 30-day waiting period, FNA will pay a monthly amount equal to the greater of $10 or 5% of the new balance of your statement coinciding with or immediately preceding the date of loss. During the period when benefits are payable, additional purchases or charges will not be covered. The benefit will continue until you rejoin the work force or your new balance is paid off, up to a maximum of $25,000. You must also be under 65 years of age and employed by the same employer for six consecutive months immediately prior to losing a permanent job to be eligible for this benefit. This benefit does not apply to self-employed persons or homemakers.

Disability Benefit - If you become totally disabled and your disability continues beyond the 30-day waiting period, then Manulife Financial will pay a monthly amount equal to the greater of $10 or 5% of the balance of your last statement coinciding with or immediately preceding the date of loss. This benefit will continue for as long as you are totally disabled or until your new balance is paid off, up to a maximum of $25,000. Disability resulting from abuse of alcohol or drugs will not be covered unless you are confined in a hospital or participating in a program of rehabilitation satisfactory to us.

Critical Illness Benefit - If you or your spouse, who is a joint cardholder, are diagnosed, for the first time in your life, as suffering from a stroke, a heart attack or cancer and survive this first diagnosis for at least 30 days in the case of stroke or heart attack and 90 days in the case of cancer, then Manulife Financial will pay your balance as of that date up to a maximum of $25,000. This Critical Illness benefit will not be paid more than once with respect to any other cardholder regardless of the number of Critical Illnesses diagnosed.

Life Insurance Benefit - If you or your spouse, who is a joint cardholder, die, then Manulife Financial will completely pay off your balance as of the date of death, up to a maximum of $25,000.

Exclusions - Benefits described may be subject to exclusions which are described in the Certificate of Insurance. Exclusions vary depending on the benefit but may limit benefits for losses due to or resulting from a normal pregnancy, dismissal with cause, voluntary resignation, normal seasonal conditions, retirement, strike, intentionally self-inflicted injuries, attempted suicide, the commission or attempted commission of a criminal offence and losses within 90 days of the commencement of coverage. Losses due to pre-existing medical conditions whether diagnosed or undiagnosed, for which medical treatment and/or consultation was received within the 6 months prior to the date insurance commences, may not be covered unless, during any 6-month period after the insurance commences, you are free of consultation and treatment. Some benefits require that you remain under the regular care and treatment of an approved doctor or psychiatrist.

Cost

Cost of coverage is $0.99 per $100 of your previous statement’s account balance. If your balance is zero, you will owe nothing and will still be insured. If you enroll, your first 30 days of coverage is provided to you compliments of ATB Financial. This will give you the opportunity to receive and review the actual Certificate of Insurance. If for any reason you are not satisfied, you may return the Certificate within the first two months of your insurance commencement date, and all premiums that may have been paid by you will be refunded.

Commencement

Balance Insurance coverage will commence on the first day of the month following the date we receive your request for insurance. Your coverage will cease on the day Manulife Financial receives your request for cancellation, your account no longer remains in good standing, you cease to be the spouse of the Covered Cardholder, you turn 65, or the date of termination of the group policy. For spousal cardholders, your coverage will end on the date the primary cardholder ceases to be insured.

Privacy and Confidentiality

You understand that ATB Financial, Manulife Financial, FNA, and their agents or assignees may collect, store and use the information contained in the application and any other information submitted by you, to process the application, offer and administer services and process claims. This information will be kept strictly confidential and you may request to review the information contained in your file.

General Information

ATB Financial receives compensation from Manulife Financial for processing and administering this insurance product.

Claims and Inquiries

You may obtain or submit claims forms or make other insurance inquiries by writing to: Manulife Financial, Affinity Markets, P.O. Box 4213, Stn A, Toronto, ON M5W 5M3 or by calling 1-877- 362-2103.