Payment Protection Plan

Home Equity Line of Credit
Group Credit Life Insurance Disclosure

The HSBC Payment Protection Plan offers affordable, excellent payment protection for your family. Group Credit Life Insurance, available from First Fortis Life Insurance Co., can cover your outstanding Home Equity Line of Credit debt up to the $55,000 policy maximum if you pass away. That is up to $55,000 of debt your family or estate will not have to pay if you are insured!

For example, if you are 35 years old and have an average daily balance of $10,000 in your Home Equity Line of Credit account, you would pay $4.20* that month to insure your outstanding balance. Joint borrowers**, ages 32 and 36, with the same balance would pay $6.70. You will pay a monthly premium only on your outstanding balance. When your account does not have a balance, there is no charge. With rates like these, isn't it worth having that peace of mind to help shelter your family from the unexpected?

If you can answer "NO" to all the questions on the APPLICATION FOR OPTIONAL GROUP CREDIT LIFE INSURANCE, located in the Home Equity Line of Credit Payment Protection Plan brochure (which can be obtained at any HSBC branch) ***, and you are under age 70, you can get Group Credit Life Insurance. Coverage is available for both you and your co-applicant (if applicable).

* Rates subject to change only with prior written notice. Monthly Insurance Rates per $1,000 of average daily account balance up to $55,000 and change as you get older:

** Joint Life Coverage is based on age of elder Applicant, and only one benefit is payable in the event of simultaneous death.

*** No physical exam is necessary, and there are no restrictions on your occupation, travel or recreation.

Important facts:

• Group Credit Life Insurance is available from First Fortis Life Insurance Company, Syracuse, New York. Policy form number is NYLM0015-2. Insurance is not required as a condition of obtaining credit.
• Coverage stops if: you ask in writing for it to be canceled; your account terminates; the group policy terminates; your required payment is two months late and the creditor does not continue premium payments on your behalf; the monthly rate is increased and you do not agree to pay the higher rate; or a claim is paid.
• Insurance will not stop for any of the above reasons until the end of the billing period during which one of these events occurs. This plan has been explained in general terms. It is more completely described in the Certificate of insurance. If you have any questions, please call our Customer Relationship Center at 1-800-975-HSBC (1-800-975-4722).