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Only a select group of individuals earn the privilege and prestige that go along with the Butterfield /AAdvantage® Gold MasterCard®. We welcome you to this exclusive group. Travel, dine and reward yourself with the finer things in life, and Butterfield Bank will reward you with one AAdvantage® mile for every dollar you spend, in Bermuda or abroad.
The security, convenience and purchasing power of a truly world class credit card are yours to enjoy.
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If you enroll in the Butterfield Bank Credit Card Balance Protection Insurance Programme (“Balance Protection”) you will not have to worry about your credit card bills. Sounds too good to be true? Would you like to know more? Read on.
Balance Protection is designed to protect you, the principal cardholder, by meeting your obligations to the Bank in the event of your death or disability.
HOW IT WORKS FOR YOU
Balance Protection will pay your minimum monthly payments in the event of Temporary and Total Disability (as defined in the insurance policy) provided such disability has existed for a continuous period of 60 days or more. For Butterfield / AAdvantage® Gold MasterCard® cardholders, Balance Protection will pay the minimum monthly payment, for a period of 12 months, up to a maximum amount of $1,250 per month.
In the event of Permanent and Total Disability (as defined in the insurance policy), or in the event of your death, Balance Protection will pay your entire outstanding balance (up to a maximum of $15,000).
Balance Protection specifically excludes death resulting from, among other things, suicide, war, illicit criminal activity, drug/alcohol addiction or abuse, and air travel not operated by a regulated scheduled airline.
Balance Protection also excludes certain pre-existing medical conditions which result in your death or disability within six months of taking the insurance cover.
OTHER CONDITIONS
Insurance Cover is provided to individuals between the ages of 18 - 65 inclusive. It does not extend to partnerships, corporations, or other businesses.
AFFORDABLE COSTS
As Balance Protection is a group plan, your premiums are a modest $0.47 for every hundred dollars of your monthly outstanding balance at date of billing. For example, if your balance is $700.00 for a particular month, your cost would be $3.29 for that month. The Balance Protection premium is billed directly to your monthly credit card statement.
COMMUNICATION
You will receive periodic information about service improvements, increased benefits and any other relevant news concerning Balance Protection.
The insurance policy is underwritten by Freisenbruch-Meyer Insurance Services Ltd.
A copy of the insurance policy, providing details of coverage, limitations, and exclusions, is available upon request from any of our branches or from Butterfield Bank Card Services Department.
Should you have any questions about Balance Protection,
please contact us at 441-299-3800.
MAKING A CLAIM
You can be sure of a swift settlement of claims if you follow the advice given below.
All claims should be directed to:
Freisenbruch-Meyer Insurance Services Ltd.
Attention: Credit Card Balance Protection Insurance Programme
TEL: 441-296-3600
FAX: 441-295-6209
Make sure that you have the relevant documentation necessary to support your claim.
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American Airlines reserves the right to change the AAdvantage programme at any time without notice. American Airlines is not responsible for products or services offered by other participating companies. For complete details about the AAdvantage® programme, visit www.aa.com/aadvantage.
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