University Bursar - What insurance is included with a payment plan?
Payment Plan enrollment includes a CollegeInsure Plan.
The CollegeInsure Plan pays the
remaining education obligation for the current semester, limited to the
Maximum Benefit Amount.
described in this Insurance Coverage Summary is effective only if you are
eligible for the insurance, become insured and remain insured as described in
the Certificate of Insurance and according to the terms and conditions of the
Insurance Policy. This Insurance Coverage Summary is for illustration purposes
only and highlights specific points within The Certificate of Insurance issued
to Nelnet Business Solutions, Inc. (NBS).
Amount: Forty Thousand Dollars (USD $40,000)
- The Maximum Benefit Amount
applies to each NBS Tuition Payment Agreement and payments are initiated
upon death of the covered person. Covered person means that one person who
is indicated on the NBS Tuition Payment Agreement to be the tuition payer.
The covered person must be under the age of 70 on the later of the day
insurance is elected or the NBS Tuition Payment Agreement is signed.
Electronic signatures are allowed.
- The amount of Benefit payable
is limited to the outstanding balance owed to the student(s)’ educational
institution, as budgeted through NBS, up to the Maximum Benefit Amount.
Payments in arrears, if any, are not covered. The Benefit is payable
directly to the institution specified on the NBS Tuition Payment
- The coverage effective date
is the date on which the NBS Tuition Payment Agreement is executed by the
covered person. Coverage ends on the due date of the last scheduled NBS
- Proof of Loss is required to
obtain this Benefit. A certified copy of the death certificate, indicating
cause of death, must be provided to NBS.
Mutual of Omaha
United of Omaha Life
Mutual of Omaha
Omaha, NE 68175
Nelnet Business Solutions at 866-506-4637 for additional information.