1991 Sears Wishbook

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IMPORTANT SEARSCHARGE CREDIT TERMS

The information below inc ludes t he costs associated with a

SearsCharge Account. It is accurate as of May 1991, but may change

after that date. To find out what may have changed write to: Sears

Telemarketing Center, 2269 Village Mall Dr., Mansfield,

44906. A

copy of the entire SearsCharge agreement for you to keep, with all

terms applicable to your state of residence, will be sent to you with the

credit card(s). You need not accept the card and are not required to pay

any fee or charge disclosed unless the card is used

Annual

The annual percentage rate is 21 % unless you reside in a state

Percentage

shown below:

Rate

Alabama

.... .. . . 21%

Massachusetts

18%

to $750, 18% on excess

Minnesota . .. .. . ... .... 18%

Alaska ......... ... .... 18%

Missouri .

.. . ... 20.04%

to $1000, 10.5% on excess

Nebraska . .. . .. . ....... 21 %

(See Variable Rate Information)

to $500, 18% on excess

Arkansas .

. 10.5%

No. Carolina ........... 18%

(See Variable Rate Information)

No. Dakota .

.. ... 18%

California ........ . .. . .19.2%

Pennsylvania .......... 18%

Connecticut ........... 18%

Michigan,

Florida ......... . . . .. . . 18%

Puerto Rico . ........ 20.4%

Hawaii

... .... . 18%

Rhode Island ....... .. . 18%

Iowa

.. .. .. .. .. ..... 19.8%

Texas .

18%

Kansas ........... .. .. 21%

Washington ·.·.·.· .· .·.·.· .· .·.·.. 18%

to $1000. 14.4% on excess

W. Virginia

18%

Maine

.... 18%

Wisconsin .

. ......... 18%

Variable

tArkansas Residents Only) YourAnnual Percentage Rate may vary.

Rate

he rate is determined by adding 5% per annum to the Federal

Information

Reserve Discount Rate on 90 day commercial paper in Arkansas.

(Alaska Residents Only) YourAnnual Percentage Rate may vary on

balances in excess of $1 ,000. The rate is determined by adding 5%

per annum to the rate charged member banks for advances by the

12th Federal Reserve Districtthat prevails on the 25th day ofthe

month orecedino the calendarauarter in which charges are made.

Grace Period

You have 30 days from your billing date to repay your balance

To Repay

before being charged afinance charge .

Balance

The Average Daily Balance method (including new transactions) is

Calculation

used in all states except ME. MA. MN , MT, NM , and ND where the

Method For

Average Daily Balance method (excluding new transactions) is

Purchases

used.

Minimum

Aminimum monthly finance charge of 50¢ applies in all states

Finance

except AR , CT, HI , MD, NE. NC, ND. RI . VA, DC and PR.

Charae

Late

In the states

ofAL.AZ

,AR ,CA,FL,GA, IL, IN, KS,LA,MO, MS, MT,

Payment

Fees

NV,NY. OH.

OK,OR,U

T,VA,and WA, if lfailtomakeanyrequired min-

imum monthly payment within 1Odays after its due date.Sears may

charge and I

a~ree

to pay alate pa$mentcharge. InAR ,GA,MS,NV,

NY,OK,OR ,U and WA, it will be 5.00. lnAL,AZ,CA, FL,IL, IN, KS,

LA. MO, MT, OH and VA, it will be 5% oftheamountofthe required

inimum

monthly paymentor$5.00 ($3.00 inOH),whicheverisless.

FL.no

latecharae will be imoosed if itwould be less than $1 .00.

Annual Fees

None

Over-The-

None

Credit-

Limit Fees

Transaction

None

Fees

Ohio residents only: The Ohio laws against discrimination require that all creditors

make credit equally available to all creditworthy customers, and that credit reporting

agencies maintain separate credit histories on each individual upon request . The

Ohio Civil Rights Commission administers compliance with this law.

New York residents only: Aconsumer report may be ordered in connection with this

application , or subsequently in connection with the update, renewal or extension of

credit. Upon your request, you will be informed whether or not a consumer credit

report was ordered , and if 1t was, you will be given the name and address of the

consumer reporting agency that furnished the report.

Wisconsin residents only: Wisconsin law provides that no agreement, court order

or individual statement applying to marital property will affect a creditor's interests

unless prior to the time credit is granted the creditor is furnished with a copy of the

agreement, court order. or statement, or has actual knowledge of the adverse

provision.

MAY 1991

SearsCharge Credit Protection Plan

Terms And Conditions

What isthe SearsCharge Credit Protection Plan?

SearsCharge Credit Protection Plan is avoluntary credit insurance plan that pays

your monthly minimum payment up to $500 if you become totally disabled or

involuntarily unemployed . It pays your account balance if you or your spouse dies.

The maximum benefits payable are $10,000 based on your account balance on

the date of loss. Once your enrollment has been accepted and your certificates or

policies have been issued, you'll have 30 days to examine the plan.

Who is eligible to enroll for coverage?

This coverage is available to SearsCharge Accountholders in good standing (as

determined by Sears) who are under age 66 (71 in AZ, NV, OK, and VA), gainfully

employed and actively working at least 30 hours aweek and not self-employed.

AR , CA, Ml , OR, SD,TX residents:This insurance not available on this enrollment

form . Please call 1-800-366-2286 for an appropriate enrollment form upon receipt

of your new SearsCharge card. CT, NC, NH, NY, PA residents: This insurance not

available in your state. NJ RESIDENTS: Coverage not available for SearsCharge

PLUS nor SearsCharge Home Improvement Plan Accounts.

How much does thisprotection cost?

The SearsCharge Credit Protection Plan is billed directly to your SearsCharge

Account. Monthly premium for $100 of Outstanding Account Balance: 17¢ in HI;

23¢ inAZ; 25¢ in MA;35¢ inIN, NJ, WY; 45¢ in NE, ME;48¢ in NV; 55¢ inFL, KS,

WA; 59¢ in VT; 60¢ in MD, MO, WI ; 65¢ inMN, ND, OH, RI , VA; 69¢ in IA; 70¢ in

AK, AL CO, DC, DE, GA, ID, IL, KY LA, MS, MT, NM, OK, SC, TN, UT, WV.

Information about LifeandDisability Coverages

Benefits are payable for Total Disability after a30-day waiting period and will be

retroactive to the first day of loss. Benefits are not payable for disability due to

normal pregnancyorchildbirth oran intentional self-inflicted in jury.

yourdisabiIity

is the result of a Pre-Existing Condition, as defined in the Certificate, monthly

benefits will be computed based on your insured account balance

6months pri

or to

the date ofTotal Disability.Your spouse is not eligible for disability

benefits.AL,

KS,

KY, MD, MS, UT residents: Please refer to your Certificate for Pr

e-Existing Co

ndi–

tion Limitations. MO residents: the maximum benefit is your account balance

on the date of total disability or death. NJ, KS residents: life coverage is not

available. NJ resident: disability coverage is not available.

Information about Involuntary UnemploymentCoverage

Benefits are payable after a30-day waiting period and will be retroactive to the first

day of loss.This insurance covers you if you are fired from your job, if you are laid

off, or if you lose your job because the company you work for has gone out of

business (termination for willful misconduct,annual or regularly scheduled layoffs

are not covered). Any other instances of enemployment are not covered. Your

spouse is not eligible for these benefits. AZ, HI, IN, MA,WY residents: Involuntary

Unemployment coverage is not available. VA residents: your monthly payment

must be in default beforeunemployment benefits can be paid. MSresidents: this

insurance is available through alicensed agent.

Information about Coverage Termination

Your SearsCharge Credit Protection Plan coverage terminates on the last day of

your monthly billing cycle when the first ofthe following occurs:your SearsCharge

Account is either terminated or 90 days past due; the Group Master Policy is

terminated ; you reach age 66 (71 in AZ, NV, OK, and VA) or if you request

cancellation by giving written notice. Credit life coverage for your spouse

terminates under the same conditions as above or when he or she reaches age

66 (71 in AZ, NV, OK and VA) or on the date of your death. Notice to terminate or

cancel shall terminate all certificates or policies issued to you in conjunction with

this program.

Coverage takes effect 15 days after Allstate receives and accepts your properly

completed enrollment form . Your effective date will be shown on the Certificate

you receive .

This program is underwritten by Allstate Insurance Company and Allstate Life

Insurance Company,Northbrook,IL.

Florida Agent: C.A. Dorsey MS Agent: Steve Denham

QUESTIONS ON THIS INSURANCE?

Call toll free 1-800-366-2286 Monday - Friday 8:30 AM - 4:30 PM Central

Standard Time or write to Allstate Life Insurance Company, P.O. Box 9035, N.

Suburban, IL60197.

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