Consumer Payment Card News

Gap Protection

Discover has launched an optional supplemental loss-of-income program for its cardholders. The new “Discover Income Gap Protection” program offers either single or joint coverage for a monthly cost of $19.75 or $34.75, respectively. Benefits include: $500 per month, per person for up to six months of total disability; $500 per month, per person for up to three months of involuntary unemployment; $500 per month, per person for up to three months in the event of unpaid family leave; and accidental death coverage pays the insureds beneficiary $10,000. Small business owners are also eligible for Income Gap Protection at a monthly cost of $23.75. Benefits include: $500 per month for up to three months in the event of disability due to illness; $1,000 per month for up to three months if the business fails; $1,000 per month for up to three months in the event of disability due to an accident; $1,000 per month for up to three months in the event of unpaid family leave; and accidental death coverage of $10,000. “Income Gap Protection” is an insurance program offered and underwritten by Central States Indemnity. For more information visit: “http://www.Discover.com”:http://www.Discover.com

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