• If you have a Spring Financial Evergreen Loan, you are covered up to a maximum of $1,500
• If you have a Spring Financial Personal Loan, you are covered for up to a maximum of $12,500
• If you have a Spring Financial Prime Personal Loan, you are covered for up to a maximum of $35,500

The total monthly payments will not exceed the lesser of the outstanding balance at that date or the maximum of $1,500 (Spring Evergreen Loan), $12,500 (Spring Personal Loan), and $35,000 (Spring Prime Personal Loan). Benefits are payable only under one protection.

If you are employed, while this insurance is in effect, and your employment stops or is suspended as a result of:
• layoff: which means a temporary or permanent suspension of your employment by an action of your employer; or
• employment termination: which means a complete end of your employment by action of your employer.
If you are self-employed, coverage is only available if you become involuntarily unemployed as a result of your business being involuntarily petitioned into bankruptcy by your creditors. Benefits will be paid only if your involuntary unemployment lasts more than 30 consecutive days; after this waiting period, the benefits will be paid retroactively from the date of your involuntary employment.

Beginning from age 65 (71 in BC) and thereafter, the Spring Financial Payment Protection only provides coverage if death arises from accidental circumstances and death must occur within 90 days of the accident.
Dismemberment:
An accidental bodily injury that is sustained directly and independently of all other causes, resulting in the total or irrecoverable loss of: • sight in both eyes; • a hand by complete severance through or above the wrist; or • a foot by complete severance through or above the ankle joint.

cancer, heart attack, stroke, coronary artery by-pass grafts, kidney failure, and major organ transplant.
Critical illness benefits will be paid only if you survive 30 days from the date of diagnosis of the illness or condition. If you should die during the 30-day waiting period, it will be treated as a death claim.

The disability must prevent you from performing any work for compensation. Benefits will be paid only if your total disability lasts more than 30 consecutive days; after this waiting period, the benefits will be paid retroactively from the date of loss.

Involuntary unemployment - If you are employed, to be eligible for involuntary unemployment benefits, you must:
• be the primary borrower;
• be insured under this plan;
• be gainfully employed; and
• be registered and eligible for employment insurance benefits with Service Canada or a similar entity.
You will also be asked to provide proof of your continued unemployment and that you are actively seeking full-time employment to receive ongoing involuntary unemployment benefits.

Self-employed - In order to be eligible for involuntary unemployment benefits you must:
• Be the primary borrower;
• You must have been insured under the Spring Financial Payment Protection and working on a permanent basis, working full-time for a minimum of 25 hours each week for a period of no less than 2 continuous years prior to enrolment in the Spring Financial Payment Protection and earning taxable revenue in a legally incorporated business that has been operating in Canada;
• You shall have been involuntarily unemployed for more than 30 consecutive days;
• Prior to your involuntary unemployment, as a self-employed individual, you shall have been paying employment insurance premiums to Canada Revenue Agency (CRA)
• While you are involuntarily unemployed, as a self-employed individual, you must be available to work full-time and you may be required to provide evidence that you are actively seeking employment.

Death - To be eligible for the death benefit, you must:
• be insured under this plan; and
• be less than 65 years (71 years in BC) of age. Beyond age 65 (71 in BC),
the death benefit is only payable in case of accidental death, and death must occur within 90 days of the accident.

Dismemberment - To be eligible for the dismemberment benefit, you must:
• be insured under this plan;
• lose a hand at or above the wrist; or
• lose a foot at or above the ankle; or
• loss sight in both eyes; and
• be less than 65 years of age (71 in BC)

Critical illness - To be eligible for the critical illness benefit, you must:
• be insured under this plan;
• be diagnosed for the first time in your life with one of the following illnesses or conditions: cancer, heart attack, stroke, coronary artery by-pass grafts, kidney failure and major organ transplant; • survive more than 30 days after the initial diagnosis; and
• be less than 65 years of age.

Total disability - To be eligible for the disability benefit you must:
• become totally disabled as a result of an accidental bodily injury or a sickness;
• be the primary borrower;
• be insured under this plan;
• be gainfully employed; and
• be regularly attended to by a licensed physician or surgeon. You may also be asked to provide proof of your ongoing total disability in order to receive ongoing disability benefits. This proof could consist of a statement from your attending physician or surgeon.

A: The premium charged under the Plan depends on the loan type as follows:
• Evergreen Loan: 40% x your Loan Payment, plus applicable taxes, payable weekly, bi-weekly, semimonthly, or monthly as outlined in your Spring Financial loan agreement. For example, if your Insured Spring Financial Loan Payment is $50.00, your premium billed would be $20 plus applicable taxes, and if your Spring Financial Loan Payment required is zero, your premium required would be zero.
• Personal Loan: 40% x your Loan Payment, plus applicable taxes, payable weekly, bi-weekly, semimonthly, or monthly as outlined in your Spring Financial loan agreement. For example, if your Insured Spring Financial Loan Payment is $50.00, your premium billed would be $20 plus applicable taxes, and if your Spring Financial Loan Payment required is zero, your premium required would be zero.
• Prime Personal Loan: 20% x your Loan Payment, plus applicable taxes, payable weekly, bi-weekly, semimonthly, or monthly as outlined in your Spring Financial loan agreement. For example, if your Insured Spring Financial Loan Payment is $50.00, your premium billed would be $10 plus applicable taxes, and if your Spring Financial Loan Payment required is zero, your premium required would be zero.

A: To make a claim, follow these steps to contact Trans Global Insurance:
• By calling 1-844-930-6022 between 8:00 a.m. and 5:00 p.m. (MST)
• By email clientcare@transglobalinsurance.ca
• By written notice to TRANS GLOBAL INSURANCE GROUP, 16902 – 137 Avenue, Edmonton, AB T5V 0C8.