Disability Product Summary

Who’s Eligible

Ages

Amount of Insurance

Features and Benefits

Protection

Member ONLY

18-63

$400 up to $5,000 per month

 

(approximately 40% of monthly income)

  • Monthly Income Replacement
  • Protects member on and off the job
  • 24/7/365 protection
  • Provides quicker payments than SS
  • Accident Death Benefit of $1,000 lump sum if death occurs within one year of a covered accident
  • 30-day Right to Examine
  • Guaranteed Renewable until age 72
  • Waiver of Premium
  • Premiums can only change on a class basis

Accident &

Illness

 

*Payable only in situations not covered by Worker’s Comp

Plan Details

Premium Structure:

  • Unisex rates
  • Issue-Age rating (age of application date, age bands)
  • Occupation class determined by level of risk (2A, A, B)
  • Monthly Benefit Amount

Member Selects:

  • Elimination Period- The # of days the insured must be totally disabled before any benefits are paid
    1. 14 days or 30 days
  • Benefit Period- The amount of time the benefit payments will be sent directly to the insured (begins upon completion of elimination period)  
    1. 12 months or 24 months

Employment:

  • Are you a full-time employee, working at least 30 hours per week?

 

Underwriting: (Standard questions, additional questions may apply)

  • 1a Do you have any other individual Disability Income Insurance in force or applied for, including salary continuation or sick leave?
  • 2 Are you a full-time employee, working at least 30 hours per week?
  • 3 Have you missed more than 5 consecutive workdays for any reason other than vacation or pregnancy in the last 6 months?
  • 4 In the past 6 months have you been confined to a hospital as an inpatient or been a patient in a hospital emergency room?
  • 5 In the past 2 years, been diagnosed or treated for disease or disorder of the back, neck, knee, spine or discs?
  • 6 Ever been diagnosed as having or been treated for Acquired Immune Deficiency Syndrome (AIDS)?
  • 7 In the past 2 years, been counseled, treated or convicted for use of alcohol and/or drugs?

Exclusions: (States may vary)

  • Some Occupations excluded
  • Intentionally self-inflicted injury;
  • Cosmetic surgery (except for reconstructive surgery needed as the result of an Injury) or other elective procedures not medically necessary;
  • Mental illness without demonstrable organic cause;
  • Normal pregnancy or childbirth;
  • Complications of Pregnancy within 10 months of the policy effective date (Select States)
  • No benefits will be payable under the Policy for the first 12 months from the Effective Date if the insured become totally disabled because of a pre-existing condition. At the end of such 12 month period, Combined Insurance will pay Total Disability benefits described under the policy.