Policy Features and Key Differences

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Policy Features and Key Differences"

Transcription

1 ProVider Plus & ProVider Plus Limited Comparison Insurance Proposal Policy Features and Key Differences Male, age 30, Rhode Island Proposed Coverage Details ProVider Plus ProVider Plus Limited Base Policy $1,000/mo. $1,000/mo. Optional Benefits Residual Disability Benefits Residual Disability Benefit Rider Inflation Protection* 3% Compound Cost of Living Adjustment Rider Future Insurability Coverage Future Increase Option Rider $2,000/mo. Basic Residual Disability Benefit Rider 3% Maximum Cost of Living Adjustment Rider Benefit Purchase Rider Extended Benefits Not Included Not Available with Provider Plus Limited Catastrophic Disability Benefit Rider Not Included Not Included Student Loan Protection Rider up to $2,000/mo. up to $2,000/mo. Unemployment Waiver of Premium Rider Not Included Not Included Proposed Policy Variables Discounts 24 Month Mental and/or Substance-Related Disorders Limitation Discount Elimination Period 90 Days 90 Days Benefit Period To Age 65 To Age 65 Premium Structure Level Level Not Available Included - 10% Discounted Monthly/GOM Premium $37.62 $29.17 Both policies illustrated are built upon our benefit-rich, Non-Cancellable & Guaranteed Renewable ProVider Plus base contract and includes these built in benefits: Waiver of Premium Benefit - We will waive any premiums that are due while you are disabled and receiving benefits, and for 6 months after you recover. Waiver of Elimination Period - We will waive the elimination period if you become totally disabled within five years after the end of a previous disability that lasted more than 6 months and for which we paid benefits. Occupational Rehabilitation Benefit - The insured may be eligible for an occupational rehabilitation benefit that is part of a mutually agreed-upon formal plan. Modification and Access Benefit - The insured may be eligible for reimbursement for the cost of workplace modifications that will help you return to gainful employment. Presumptive Total Disability - We will consider you totally disabled even if you are gainfully employed if you suffer total and complete loss of the sight in both eyes, hearing in both ears; speech; or the use of both hands, both feet, or one hand and one foot, in their entirety. Your loss does not have to be irrecoverable. Capital Sum Benefit - An additional lump sum benefit is payable for specified losses: total loss of sight in one eye, or loss of a hand or foot. This benefit equals 12 times your monthly indemnity. For a complete description of policy benefits and features, ask your representative for a copy of a sample policy. policy and riders, which may vary by state. Coverage is subject to our underwriting rules. Any policy issued may differ from this proposal and will constitute the contract between you and, Pittsfield, MA, a wholly owned stock subsidiary of The Guardian Life Insurance Company of America, New York, NY. Actual premiums may Page 1 of 2

2 ProVider Plus & ProVider Plus Limited Comparison Insurance Proposal Policy Features and Key Differences Policy Features Definition of Total Disability ProVider Plus Purposefully Engineered High-Performing Income Protection True Own-Occupation Totally disabled means that, solely due to Injury or Sickness, you can not perform the material and substantial duties of your occupation, even if you are gainfully employed in another occupation. Male, age 30, Rhode Island ProVider Plus Limited Selecting these reduced benefit options results in a premium savings of $8.45/month. True Own-Occupation Totally disabled means that, solely due to Injury or Sickness, you can not perform the material and substantial duties of your occupation, even if you are gainfully employed in another occupation. Maximum Benefit Period for Mental and/ or Substance- Related Disorders Residual Disability Benefits Inflation Protection* Future Insurability Coverage Extended Benefits Same as Policy Benefit Period Benefits for disabilities caused by mental and/or substance-related disorders are payable for the full length of the benefit period. Residual Disability Benefit Rider 15% loss of income threshold. No loss of time or duties required. 3% Compound Cost of Living Adjustment Rider Provides a fixed 3% annual compounded adjustment of the monthly indemnity while benefits are payable in the same claim. After recovery, increases remain at no extra charge to age 65. Future Increase Option Rider $2,000/mo. Increases may be applied for annually to age 55 and are subject to financial eligibility. Not Included Limited to 24 months Benefits for disabilities caused by mental and/or substance-related disorders are, under the policy, including any riders, only payable for up to 24 months over the lifetime of the policy, unless you are continuously confined to a hospital and under the regular medical care of a physician. Basic Residual Disability Benefit Rider 20% loss of income threshold. Loss of time or duties required. 3% Maximum Cost of Living Adjustment Rider Provides a maximum 3% annual compounded adjustment of the monthly indemnity while benefits are payable in the same claim. After recovery, increases remain at no extra charge to age 65. Benefit Purchase Rider Submission of financial documentation required every three years until age 55; an offer to increase coverage will be made when eligible. Not Available with Provider Plus Limited * Not necessarily protection against increases in the cost of living. Restrictions and limitations apply. Applications for additional coverage will be financially underwritten based on your then current income and all disability insurance then in force, applied for, or for which you are eligible to receive. Employment and occupational information also required for applications under the Benefit Purchase Rider. policy and riders, which may vary by state. Coverage is subject to our underwriting rules. Any policy issued may differ from this proposal and will constitute the contract between you and, Pittsfield, MA, a wholly owned stock subsidiary of The Guardian Life Insurance Company of America, New York, NY. Actual premiums may Page 2 of 2

3 ProVider Plus Disability Insurance Proposal Male, age 30 Issue State: RI 460 East Main Rd, Middletown, Rhode Island Why Do You Need Disability Insurance? Your ability to earn an income is your most valuable asset and the foundation of any financial strategy. We know you work hard to support your lifestyle. Your income pays your expenses of daily living and enables you to build wealth for the future you desire. But what if illness or injury made it impossible for you to work? How long would your savings last? Would your spouse s or partner's income be sufficient to make up the shortfall? What lifestyle changes would you or your family need to make? What about your dreams for the future college for your children, travel, a comfortable retirement? What would happen to your credit rating? What Causes Most Disabilities? Accidents aren t the only cause of disability. In fact, the majority of all claims are due to illness. Are There Alternatives? It s important to think through each possible Plan B. However, are any of these really viable alternatives? Personal Assets Most financial advisors recommend counting on cash reserves only for the first few months. A long-term disability can rapidly erode assets. Social Security Given the stringent requirements to qualify for benefits, fewer than 30% of claims are approved at the initial level. After all appeals, only about half of claims are ultimately approved. (Source: Social Security Administration, 2006) Workers Compensation Benefits generally cover employees for job-related accidents and illness, not those suffered outside of the workplace. State Temporary Disability NY, NJ, CA, HI and RI provide a minimal level of shortterm coverage for employees. Other states offer no such coverage. Group LTD Employer and association long-term disability plans are highly variable, but rarely offer benefits like a guaranteed premium or cost of living adjustment. Benefits under employer plans are generally offset by Social Security and other government programs. Review your coverage carefully. Major Disablers % of New Claims Musculoskeletal/. connective tissue % Cancer % Cardiovascular % Maternity-related % Injuries/accidents % Mental/psychiatric disorder % Neurological % Source: 2011 Long-Term Disability Claims Review, Council for Disability Awareness. For more information go to proposal and will constitute the contract between you and, Pittsfield, MA, a Page 1 of 9

4 ProVider Plus Disability Insurance Proposal Proposed Coverage If totally disabled and eligible for benefits, you will receive: Total Monthly Benefit $1,000 Total Annual Benefit $12,000 Potential Cumulative Benefit* $722,545 Benefits will become payable 90 days after you become totally disabled. Benefits continue while you remain totally disabled until Age 65. *Potential Cumulative Benefit includes 3% Compound Cost of Living Adjustment Rider. It assumes disability begins at your current age and continues until age 65. It is based on the monthly benefit illustrated above. The ProVider Plus policy is non-cancellable and guaranteed renewable to age 65. It provides true "own occupation" protection. Level Premium ProVider Plus Monthly/ GOM** Quarterly Semi Annual Annual Base Policy $1,000/mo. $17.01 $53.61 $ $ True Own-Occupation Optional Benefits Future Increase Option $2,000/mo. $4.00 $12.61 $24.72 $48.00 Residual Disability Benefit Rider $2.50 $7.88 $15.45 $30.00 Cost of Living Adj. 3% $2.95 $9.30 $18.23 $35.40 Student Loan Protection Rider $2,000/mo. $11.17 $35.20 $69.01 $ Automatic Benefit Enhancement Rider $0.00 $0.00 $0.00 $0.00 Total Premium* $37.62 $ $ $ *The total premium includes an annual policy fee of $30. **Refers to Guard-O-Matic--our automatic premium payment option. There is no service fee when your premium is automatically deducted each month from a checking or savings account. Next Steps Complete an Application Our underwriters need a complete and accurate picture of your health and financial status. Fulfill Underwriting Requirements Depending on coverage applied for, these may include: Financial documentation such as tax returns and financial statements. Private phone interview with one of our representatives to verify medical and financial information. Paramedical exam. Physician statements and medical records. Delivery and review of the above requirements typically take several weeks. proposal and will constitute the contract between you and, Pittsfield, MA, a Page 2 of 9

5 ProVider Plus Disability Insurance Proposal Student Loan Protection Rider If you re like most graduates, your student loans may be sizeable. Recent studies show that significant student loan debt can impact future plans and life s decisions such as: Employment Can you afford to buy a business or will you work in a corporate environment? Family Will marriage or starting a family need to be delayed? Home ownership Can you afford a new home and make your student loan payments? Protection for When You re Most Vulnerable The Student Loan Protection Rider can help provide peace of mind to those who are early in their professional careers. While your income may be on the rise, it could be several years before your yearly earnings exceed your loan balance a time when many professionals feel particularly vulnerable to a disability that could force them out of work or practice. Student Loan Protection is specifically designed to protect you during this time by providing an added layer of disability insurance, above and beyond what you might purchase to protect your income. Rider Term: 15 Years Maximum Reimbursement: $2,000 per month Total Student Loan Protection Available: $354,000 Do my Loans Already Have Disability Protection 1? Under current federal law federal student loans may be discharged for Total and Permanent Disabilities those that require you to be unable to engage in any substantial gainful activity and that are expected to last at least 5 years and result in death. Private loans may or may not include similar features. You could still be at risk as a professional's income is susceptible to many accidents and illnesses that won t qualify for this discharge. The Student Loan Protection rider protects you in your own occupation. 1 Please consult your legal or financial advisor if you have questions concerning the circumstances under which a federal student loan may be discharged for disabilities or other reasons. proposal and will constitute the contract between you and, Pittsfield, MA, a Page 3 of 9

6 ProVider Plus Disability Insurance Proposal Automatic Benefit Enhancement (ABE) Rider ABE is a no-cost rider that can help keep your disability insurance benefit aligned with normal, annual income increases you might experience when healthy. It provides an annual 4% benefit increase each year for up to six years, with no proof of income required. Each automatic increase will include an additional premium based on your then-current age. Potential Automatic Increases and Premiums* Each increase will grow your disability insurance benefit and will include an additional premium based on your then-current age as follows: Age Total Monthly Benefit without Automatic Increase Total Monthly Benefit with Automatic Increase** Annual Automatic Increase Premium Total Annual Premium with Automatic Increase 30 $1,000 $1,000 $0 $ $1,000 $1,040 $10 $ $1,000 $1,090 $13 $ $1,000 $1,140 $14 $ $1,000 $1,190 $14 $ $1,000 $1,240 $15 $ $1,000 $1,290 $16 $533 Renewability * Assumes the policy issued is identical to this illustration, includes the Automatic Benefit Enhancement (ABE) Rider and all available ABE increases are accepted when offered. Any differences between this illustration and any policy issued may impact both the availability of this rider and the potential increases resulting from the inclusion of this rider as well as premiums. ** The Automatic Increase does not increase the Social Insurance Substitute Indemnity. You may apply to renew the ABE rider on each six year review date. You must provide evidence of your medical insurability, income, occupation, employment and other insurance in force, applied for, or for which you are eligible. Your eligibility will be based on our underwriting rules in effect at the time of renewal. You will not be eligible to renew the ABE rider if you have been paid benefits under the same policy. Increases are available to a maximum of age 60 or until your monthly benefit equals the maximum allowed at that time. proposal and will constitute the contract between you and, Pittsfield, MA, a Page 4 of 9

7 ProVider Plus Disability Insurance Proposal Coverage and Monthly Premium Alternatives Elimination Period Benefit Period 60 Days 90 Days To Age 67 $58.57 $40.02 Base Policy $28.92 $18.40 Future Inc Option $7.48 $4.40 Residual $5.33 $2.74 COLA 3% $5.68 $3.32 SLP $11.17 $11.17 ABE Rider $0.00 $0.00 To Age 65 $54.48 $37.62 Base Policy $26.61 $17.01 Future Inc Option $6.80 $4.00 Residual $4.86 $2.50 COLA 3% $5.05 $2.95 SLP $11.17 $11.17 ABE Rider $0.00 $0.00 It is possible to adjust the monthly premium you pay by making changes to the quoted benefit and elimination periods. Your proposed coverage is highlighted at the left. Coverage Variables Elimination Period The number of days following disability before benefits become payable. Your choice of elimination period should be integrated with your short-term employer benefits and existing savings. Benefit Period The maximum time for which you can receive benefit payments for disability. A shorter benefit period means a lower premium, but may not provide sufficient coverage for an extended disability. Level and Graded Premiums Depending on your current situation, you can choose to pay a level fixed premium for the life of your policy, or choose a lower initial premium that increases annually (graded). proposal and will constitute the contract between you and, Pittsfield, MA, a Page 5 of 9

8 ProVider Plus Disability Insurance Proposal Graded and Level Premium Comparison Age Year Graded Annual Premium Level Annual Premium 1 Annual Premium Difference Cumulative Premium Difference Attained Age Level Premium , , , , , , , The level annual premium above is based on your age shown at the top-right of this proposal. 2. Clients who opt for a graded premium option may convert to a level premium on any policy anniversary through age 50. The Attained Age Level Premium represents the annual policy premium and is determined by your then current age at the time you convert. Should you change your coverage after a policy is issued, you should request a new proposal as your premium will likely vary from the amounts shown. proposal and will constitute the contract between you and, Pittsfield, MA, a Page 6 of 9

9 ProVider Plus Disability Insurance Proposal Policy Benefits Non-Cancellable and Guaranteed Renewable We cannot cancel your policy, increase your premiums or change policy provisions if you keep paying premiums due, until you reach age 65. After that you can renew your policy at rates then in effect as long as you continue to be gainfully employed full time for at least 10 months each year. Total Disability You will be considered totally disabled if, solely due to injury or sickness, you are not able to perform the material and substantial duties of your occupation, even if you are gainfully employed in another occupation. Your occupation means the occupation(s) in which you are gainfully employed during the 12 months prior to the time you became disabled. Waiver of Premium We will waive any premiums that are due while you are disabled and receiving benefits, and for 6 months after you recover. We will also refund any portion of premium you have paid that applies to the period after you first became disabled. Occupational Rehabilitation, Modification and Access Benefits The insured may be eligible for an occupational rehabilitation benefit that is part of a mutually agreed-upon formal plan, as well as reimbursement for the cost of workplace modifications that will help you return to gainful employment. Elimination Period The elimination period is the number of days that must elapse before benefits become payable. You may be disabled from the same or a different cause for this entire period. Days of disability need not be consecutive, but must occur within an accumulation period of 210 days. Waiver of Elimination Period We will waive the elimination period if you become totally disabled within five years after the end of a previous disability that lasted more than 6 months and for which we paid benefits. Benefit Period This is the longest period of time for which we will pay benefits for a continuous disability from the same cause. Recurrent Disability If, after a disability for which we paid benefits, you return to fulltime gainful employment but become disabled again within 12 months, the later period of disability will be considered a continuation of the previous one. The later period of disability must result from the same cause or causes as the previous disability. Benefits will resume with no new elimination period required. Presumptive Disability We will consider you totally disabled even if you are gainfully employed if you suffer total and complete loss of the sight in both eyes; hearing in both ears; speech; or the use of both hands, both feet, or one hand and one foot, in their entirety. Your loss does not have to be irrecoverable. Capital Sum Benefit An additional lump sum benefit is payable for specified losses: total loss of sight in one eye, or loss of a hand or foot. This benefit equals 12 times your monthly indemnity. For a complete description of policy benefits and features, ask your representative for a sample policy. Important Things To Know Exclusions We will not pay benefits during any period of time in which you are incarcerated, or for any disability caused by, contributed to or resulting from: Military training, action, conflict or war while you are serving in the military or an auxiliary unit or working for contracted military services. Commission of, or attempt to commit, a criminal offense. Being engaged in an illegal occupation. Suspension, revocation or surrender of your professional or occupational license or certification. An intentionally self-inflicted injury. Normal pregnancy or childbirth, during the first three months of disability or the elimination period, if longer. We will not pay benefits for any disability due to any loss we have excluded by name or specific description in your policy. Pre-Existing Conditions For the first two years of coverage, we do not cover disabilities caused by a preexisting condition that: Was misrepresented or not disclosed on your application; and For which you received professional medical advice, diagnosis or treatment within two years before coverage began; or caused symptoms within one year before coverage began for which a prudent person would usually seek medical advice, diagnosis or treatment. Benefits While Outside the United States or Canada You must be living in the U.S. or Canada in order to receive benefits (except for incidental travel or vacations). proposal and will constitute the contract between you and, Pittsfield, MA, a Page 7 of 9

10 ProVider Plus Disability Insurance Proposal Optional Benefits Your proposed policy includes the following riders: Residual Disability Benefit Rider At least a 15% income loss No specific loss of time or duties requirement Loss of income benefit for first 12 months Recovery benefit for up to the entire benefit period ProVider Plus Typical DI Policy Group LTD Not all disabilities are total. You may suffer a partial (or residual) disability that limits your ability to work and results in decreased income or an initial total disability may be followed by an extended period of residual disability. Under this important optional rider, you are considered residually disabled if solely because of sickness or injury, your loss of income is at least 15% of your prior income, and you are gainfully employed. No specific loss of time or duties is required. About the Automatic Benefit Enhancement Rider (ABE) ABE is a unique feature that provides automatic 4% compound increases to your policy s monthly indemnity. Increases occur each year for up to six years despite any change in health, income or occupation. You do not apply for the ABE rider; rather, your eligibility will be determined by us at the time of underwriting. There is no additional initial premium for this rider; each annual benefit increase will include a corresponding attained age premium increase, if you accept. Should you decline two consecutive increases, no future offers will be made and the rider will terminate. For each of the first 12 months that you are eligible for a residual disability benefit, we will pay a benefit equal to your loss of income (up to the policy s monthly indemnity) less any individual disability insurance benefits you are receiving or are eligible to receive from all disability policies in force before the effective date of the Residual Disability Benefit Rider. After that, the residual benefit is proportionate to your loss of income; we will consider a loss of income of more than 75% to be 100%. Even after you fully recover and return to gainful employment, we will continue residual benefits up to the end of the benefit period, as long as your loss of income is at least 15% of your prior income and solely the result of the injury or sickness that caused the disability. Are You A Business Owner? You should consider the following types of business coverage: Overhead Expense Reimburses monthly expenses like utilities, rent and staff salaries to keep your business running if you are disabled. Business Reducing Term Covers fixed financial obligations such as business loans, purchase agreements and salary guarantees. Disability Buy-Out Provides the funding for the disability provision of your firm s buy-sell agreement. proposal and will constitute the contract between you and, Pittsfield, MA, a Page 8 of 9

11 ProVider Plus Disability Insurance Proposal 3% Compound Cost of Living Adjustment Rider **While receiving disability benefit payments, we will adjust your monthly indemnity each year to help keep pace with inflation (3% compounded annually). Prior to policy expiration, if you are no longer disabled, prior increases to the monthly indemnity (if at least $200) will remain on the policy with no extra premium charge until age 65. Monthly benefit increases with COLA (For Illustrative Purposes) * Assumes you are eligible for benefits under the policy with payments beginning 30 days following the elimination period, with the monthly benefit adjusted annually at a compounded rate of 3%. This benefit is not necessarily protection against increases in the cost of living. **You have selected the 3% Compound Cost of Living Adjustment Rider. The potential cumulative benefit of $722,545 would be $417,000 if this rider were not selected. Future Increase Option Rider Obtaining coverage to protect a growing income often requires being medically underwritten for a new policy. With the Future Increase Option rider, you can apply for additional coverage each year until age 55 without additional medical underwriting. Financial eligibility is generally determined by your income, employment, and all other disability insurance that you own, have applied for, or for which you are eligible with all insurers. A special option date is available if you lose your employer-provided group long term disability coverage. Restrictions and limitations apply. For additional details, ask your representative for a sample policy. Student Loan Protection Rider See rider text with the ProVider Plus proposal (it is a separate page). proposal and will constitute the contract between you and, Pittsfield, MA, a Page 9 of 9

12 ProVider Plus Limited Disability Insurance Proposal Male, age 30 Issue State: RI 460 East Main Rd, Middletown, Rhode Island Why Do You Need Disability Insurance? Your ability to earn an income is your most valuable asset and the foundation of any financial strategy. We know you work hard to support your lifestyle. Your income pays your expenses of daily living and enables you to build wealth for the future you desire. But what if illness or injury made it impossible for you to work? How long would your savings last? Would your spouse s or partner's income be sufficient to make up the shortfall? What lifestyle changes would you or your family need to make? What about your dreams for the future college for your children, travel, a comfortable retirement? What would happen to your credit rating? What Causes Most Disabilities? Accidents aren t the only cause of disability. In fact, the majority of all claims are due to illness. Are There Alternatives? It s important to think through each possible Plan B. However, are any of these really viable alternatives? Personal Assets Most financial advisors recommend counting on cash reserves only for the first few months. A long-term disability can rapidly erode assets. Social Security Given the stringent requirements to qualify for benefits, fewer than 30% of claims are approved at the initial level. After all appeals, only about half of claims are ultimately approved. (Source: Social Security Administration, 2006) Workers Compensation Benefits generally cover employees for job-related accidents and illness, not those suffered outside of the workplace. State Temporary Disability NY, NJ, CA, HI and RI provide a minimal level of shortterm coverage for employees. Other states offer no such coverage. Group LTD Employer and association long-term disability plans are highly variable, but rarely offer benefits like a guaranteed premium or cost of living adjustment. Benefits under employer plans are generally offset by Social Security and other government programs. Review your coverage carefully. Major Disablers % of New Claims Musculoskeletal/. connective tissue % Cancer % Cardiovascular % Maternity-related % Injuries/accidents % Mental/psychiatric disorder % Neurological % Source: 2011 Long-Term Disability Claims Review, Council for Disability Awareness. For more information go to proposal and will constitute the contract between you and, Pittsfield, MA, a Policy Form 1400 Page 1 of 9

13 ProVider Plus Limited Disability Insurance Proposal Proposed Coverage If totally disabled and eligible for benefits, you will receive: Total Monthly Benefit $1,000 Total Annual Benefit $12,000 Potential Cumulative Benefit* $722,545 Benefits will become payable 90 days after you become totally disabled. Benefits continue while you remain totally disabled until age * Potential Cumulative Benefit includes 3% Maximum Cost of Living Adjustment Rider. It assumes disability begins at your current age and continues until age 65. It is based on the monthly benefit illustrated above. The ProVider Plus policy is non-cancellable and guaranteed renewable to age 65. It provides true "own occupation" protection. 1 Mental and/or Substance- Related Disorders Limitation For mental and/or substance related disorders, the policy, which includes any riders, only provides up to twenty four months of benefits during your lifetime, unless you remain continuously confined in a hospital for treatment. Level Premium ProVider Plus Limited Monthly/ GOM** Quarterly Semi Annual Annual Base Policy $1,000/mo. $17.01 $53.61 $ $ True Own-Occupation Optional Benefits Basic Residual Disability Benefit Rider $2.15 $6.78 $13.29 $25.80 Cost of Living Adj. 3% $2.09 $6.59 $12.93 $25.10 Student Loan Protection Rider $2,000/mo. $11.17 $35.20 $69.01 $ Benefit Purchase Rider $0.00 $0.00 $0.00 $0.00 Automatic Benefit Enhancement Rider $0.00 $0.00 $0.00 $0.00 Total Premium* $32.42 $ $ $ Discounts Applied Mental and/or Substance - Related Disorders Limitation Discount 10% $-3.24 $ $ $ Total Discounted Premium $29.17 $91.95 $ $ *The total premium includes an annual policy fee of $30. **Refers to Guard-O-Matic--our automatic premium payment option. There is no service fee when your premium is automatically deducted each month from a checking or savings account. Next Steps Complete an Application Our underwriters need a complete and accurate picture of your health and financial status. Fulfill Underwriting Requirements Depending on coverage applied for, these may include: Financial documentation such as tax returns and financial statements. Private phone interview with one of our representatives to verify medical and financial information. Paramedical exam. Physician statements and medical records. Delivery and review of the above requirements typically take several weeks. proposal and will constitute the contract between you and, Pittsfield, MA, a Policy Form 1400 Page 2 of 9

14 ProVider Plus Limited Disability Insurance Proposal Student Loan Protection Rider If you re like most graduates, your student loans may be sizeable. Recent studies show that significant student loan debt can impact future plans and life s decisions such as: Employment Can you afford to buy a business or will you work in a corporate environment? Family Will marriage or starting a family need to be delayed? Home ownership Can you afford a new home and make your student loan payments? Protection for When You re Most Vulnerable The Student Loan Protection Rider can help provide peace of mind to those who are early in their professional careers. While your income may be on the rise, it could be several years before your yearly earnings exceed your loan balance a time when many professionals feel particularly vulnerable to a disability that could force them out of work or practice. Student Loan Protection is specifically designed to protect you during this time by providing an added layer of disability insurance, above and beyond what you might purchase to protect your income. Rider Term: 15 Years Maximum Reimbursement: $2,000 per month Total Student Loan Protection Available: $354,000 Do my Loans Already Have Disability Protection 1? Under current federal law federal student loans may be discharged for Total and Permanent Disabilities those that require you to be unable to engage in any substantial gainful activity and that are expected to last at least 5 years and result in death. Private loans may or may not include similar features. You could still be at risk as a professional's income is susceptible to many accidents and illnesses that won t qualify for this discharge. The Student Loan Protection rider protects you in your own occupation. 1 Please consult your legal or financial advisor if you have questions concerning the circumstances under which a federal student loan may be discharged for disabilities or other reasons. proposal and will constitute the contract between you and, Pittsfield, MA, a Policy Form 1400 Page 3 of 9

15 ProVider Plus Limited Disability Insurance Proposal Automatic Benefit Enhancement (ABE) Rider ABE is a no-cost rider that can help keep your disability insurance benefit aligned with normal, annual income increases you might experience when healthy. It provides an annual 4% benefit increase each year for up to six years, with no proof of income required. Each automatic increase will include an additional premium based on your then-current age. Potential Automatic Increases and Premiums* Each increase will grow your disability insurance benefit and will include an additional premium based on your then-current age as follows: Age Total Monthly Benefit without Automatic Increase Total Monthly Benefit with Automatic Increase** Annual Automatic Increase Premium Total Annual Premium with Automatic Increase 30 $1,000 $1,000 $0 $ $1,000 $1,040 $8 $ $1,000 $1,090 $11 $ $1,000 $1,140 $12 $ $1,000 $1,190 $12 $ $1,000 $1,240 $13 $ $1,000 $1,290 $13 $419 Renewability * Assumes the policy issued is identical to this illustration, includes the Automatic Benefit Enhancement (ABE) Rider and all available ABE increases are accepted when offered. Any differences between this illustration and any policy issued may impact both the availability of this rider and the potential increases resulting from the inclusion of this rider as well as premiums. ** The Automatic Increase does not increase the Social Insurance Substitute Indemnity. You may apply to renew the ABE rider on each six year review date. You must provide evidence of your medical insurability, income, occupation, employment and other insurance in force, applied for, or for which you are eligible. Your eligibility will be based on our underwriting rules in effect at the time of renewal. You will not be eligible to renew the ABE rider if you have been paid benefits under the same policy. Increases are available to a maximum of age 60 or until your monthly benefit equals the maximum allowed at that time. proposal and will constitute the contract between you and, Pittsfield, MA, a Policy Form 1400 Page 4 of 9

16 ProVider Plus Limited Disability Insurance Proposal Coverage and Monthly Premium Alternatives Elimination Period Benefit Period 90 Days To Age 67 $30.85 Base Policy $18.40 Basic Residual $2.36 COLA 3% $2.36 SLP $11.17 Benefit PR $0.00 ABE Rider $0.00 Total Discount $-3.43 To Age 65 $29.17 Base Policy $17.01 Basic Residual $2.15 COLA 3% $2.09 SLP $11.17 Benefit PR $0.00 ABE Rider $0.00 Total Discount $-3.24 It is possible to adjust the monthly premium you pay by making changes to the quoted benefit and elimination periods. Your proposed coverage is highlighted at the left. Coverage Variables Elimination Period The number of days following disability before benefits become payable. Your choice of elimination period should be integrated with your short-term employer benefits and existing savings. Benefit Period The maximum time for which you can receive benefit payments for disability. A shorter benefit period means a lower premium, but may not provide sufficient coverage for an extended disability. Level and Graded Premiums Depending on your current situation, you can choose to pay a level fixed premium for the life of your policy, or choose a lower initial premium that increases annually (graded). proposal and will constitute the contract between you and, Pittsfield, MA, a Policy Form 1400 Page 5 of 9

17 ProVider Plus Limited Disability Insurance Proposal Graded and Level Premium Comparison Age Year Graded Annual Premium Level Annual Premium 1 Annual Premium Difference Cumulative Premium Difference Attained Age Level Premium , , , , , , The level annual premium above is based on your age shown at the top-right of this proposal. 2. Clients who opt for a graded premium option may convert to a level premium on any policy anniversary through age 50. The Attained Age Level Premium represents the annual policy premium and is determined by your then current age at the time you convert. Should you change your coverage after a policy is issued, you should request a new proposal as your premium will likely vary from the amounts shown. proposal and will constitute the contract between you and, Pittsfield, MA, a Policy Form 1400 Page 6 of 9

18 ProVider Plus Limited Disability Insurance Proposal Policy Benefits Non-Cancellable and Guaranteed Renewable We cannot cancel your policy, increase your premiums or change policy provisions if you keep paying premiums due, until you reach age 65. After that you can renew your policy at rates then in effect as long as you continue to be gainfully employed full time for at least 10 months each year. Total Disability You will be considered totally disabled if, solely due to injury or sickness, you are not able to perform the material and substantial duties of your occupation, even if you are gainfully employed in another occupation. Your occupation means the occupation(s) in which you are gainfully employed during the 12 months prior to the time you became disabled. Waiver of Premium We will waive any premiums that are due while you are disabled and receiving benefits, and for 6 months after you recover. We will also refund any portion of premium you have paid that applies to the period after you first became disabled. Occupational Rehabilitation, Modification and Access Benefits The insured may be eligible for an occupational rehabilitation benefit that is part of a mutually agreed-upon formal plan, as well as reimbursement for the cost of workplace modifications that will help you return to gainful employment. Elimination Period The elimination period is the number of days that must elapse before benefits become payable. You may be disabled from the same or a different cause for this entire period. Days of disability need not be consecutive, but must occur within an accumulation period of 210 days. Waiver of Elimination Period We will waive the elimination period if you become totally disabled within five years after the end of a previous disability that lasted more than 6 months and for which we paid benefits. Benefit Period This is the longest period of time for which we will pay benefits for a continuous disability from the same cause. Recurrent Disability If, after a disability for which we paid benefits, you return to fulltime gainful employment but become disabled again within 12 months, the later period of disability will be considered a continuation of the previous one. The later period of disability must result from the same cause or causes as the previous disability. Benefits will resume with no new elimination period required. Presumptive Disability We will consider you totally disabled even if you are gainfully employed if you suffer total and complete loss of the sight in both eyes; hearing in both ears; speech; or the use of both hands, both feet, or one hand and one foot, in their entirety. Your loss does not have to be irrecoverable. Capital Sum Benefit An additional lump sum benefit is payable for specified losses: total loss of sight in one eye, or loss of a hand or foot. This benefit equals 12 times your monthly indemnity. For a complete description of policy benefits and features, ask your representative for a sample policy. Important Things To Know Exclusions We will not pay benefits during any period of time in which you are incarcerated, or for any disability caused by, contributed to or resulting from: Military training, action, conflict or war while you are serving in the military or working for contracted military services. Commission of, or attempt to commit, a criminal offense. Being engaged in an illegal occupation. Suspension, revocation or surrender of your professional or occupational license or certification. An intentionally self-inflicted injury. Normal pregnancy or childbirth, during the first three months of disability or the elimination period, if longer. We will not pay benefits for any disability due to any loss we have excluded by name or specific description in your policy. Pre-Existing Conditions For the first two years of coverage, we do not cover disabilities caused by a preexisting condition that: Was misrepresented or not disclosed on your application; and For which you received professional medical advice, diagnosis or treatment within two years before coverage began; or caused symptoms within one year before coverage began for which a prudent person would usually seek medical advice, diagnosis or treatment. Benefits While Outside the United States or Canada You must be living in the U.S. or Canada in order to receive benefits (except for incidental travel or vacations). proposal and will constitute the contract between you and, Pittsfield, MA, a Policy Form 1400 Page 7 of 9

19 ProVider Plus Limited Disability Insurance Proposal Optional Benefits Your proposed policy includes the following riders: Basic Residual Disability Benefit Rider Not all disabilities are total. You may suffer a partial (or residual) disability that limits your ability to work and results in decreased income or an initial total disability may be followed by an extended period of residual disability. Under this important optional rider, you will be eligible for a residual disability benefit when you are gainfully employed, but solely due to injury or sickness you experience a loss of income of at least 20% of your prior income and either you are unable to perform one or more of the material and substantial duties of your occupation; or, you are able to perform all of the material and substantial duties of your occupation but not for the length of time they normally require. The residual disability benefit is proportionate to your loss of income. During the first 6 months in which residual indemnity is payable, we will consider your loss of income to be 50% of your prior income or the actual percentage of loss, if greater. We will consider a loss of income of more than 75% to be 100% at any time while residual disability benefits are payable. A recovery benefit is payable if you are no longer disabled and you return to full time gainful employment immediately following a disability for which we paid benefits, yet you continue to suffer at least a 20% loss of income due to the injury or sickness that caused the disability. About the Automatic Benefit Enhancement Rider (ABE) ABE is a unique feature that provides automatic 4% compound increases to your policy s monthly indemnity. Increases occur each year for up to six years despite any change in health, income or occupation. You do not apply for the ABE rider; rather, your eligibility will be determined by us at the time of underwriting. There is no additional initial premium for this rider; each annual benefit increase will include a corresponding attained age premium increase, if you accept. Should you decline two consecutive increases, no future offers will be made and the rider will terminate. 3% Maximum Cost of Living Adjustment Rider **While you are receiving disability benefit payments, we will adjust your monthly indemnity each year to help keep pace with inflation. Adjustments are based upon changes in the Consumer Price Index (CPI-U), with a maximum 3% annual rate cap. When you recover, increases to the monthly indemnity (if at least $200) will remain on the policy with no extra premium charge until age 65. Monthly benefit increases with COLA (For Illustrative Purposes) Are You A Business Owner? You should consider the following types of business coverage: Overhead Expense Reimburses monthly expenses like utilities, rent and staff salaries to keep your business running if you are disabled. * Assumes you are eligible for benefits under the policy with payments beginning 30 days following the elimination period, with the monthly benefit adjusted annually at a maximum compounded rate of 3%. This 3% rate is for illustrative purposes only; actual rates will vary according to the CPI-U as stated above. This benefit is not necessarily protection against increases in the cost of living. **You have selected the 3% Maximum Cost of Living Adjustment Rider. The potential cumulative benefit of $722,545 would be $417,000 if this rider were not selected. Business Reducing Term Covers fixed financial obligations such as business loans, purchase agreements and salary guarantees. Disability Buy-Out Provides the funding for the disability provision of your firm s buy-sell agreement. proposal and will constitute the contract between you and, Pittsfield, MA, a Policy Form 1400 Page 8 of 9

20 ProVider Plus Limited Disability Insurance Proposal Benefit Purchase Rider Obtaining additional coverage to protect a growing income often requires providing evidence of good health. This rider allows you to apply for increases in coverage every three years (in the form of a separate policy) until age 55 without additional medical underwriting. A special benefit purchase option is available outside of each three-year opportunity should you experience an increase in income of 50% or more or lose your employerprovided group long term disability coverage and it is not converted or replaced. The maximum amount of additional coverage available to you, if any, will be determined by your income, occupation, employment and all other disability insurance that you own, have applied for, or for which you are eligible with all insurers. There is no additional initial premium for this rider and rider eligibility will be determined by us at the time of underwriting. Student Loan Protection Rider See rider text with the ProVider Plus proposal (it is a separate page). proposal and will constitute the contract between you and, Pittsfield, MA, a Policy Form 1400 Page 9 of 9

Berkshire Life Insurance Company of America 700 South Street Pittsfield, Massachusetts 01201 1-800-819-2468

Berkshire Life Insurance Company of America 700 South Street Pittsfield, Massachusetts 01201 1-800-819-2468 Berkshire Life Insurance Company of America 700 South Street Pittsfield, Massachusetts 01201 1-800-819-2468 DISABILITY INCOME PROTECTION COVERAGE REQUIRED OUTLINE OF COVERAGE Policy Form 1500 1. READ YOUR

More information

Keep Your Future on Course Protect Your Most Valuable Asset

Keep Your Future on Course Protect Your Most Valuable Asset Keep Your Future on Course Protect Your Most Valuable Asset Disability Income PROTECTION Contents Your Most Valuable Asset 1 Disability Could it Happen to You? 2 The Leading Causes of Disability 3 ProVider

More information

Disability Income Protection. Business. Keeping income strong

Disability Income Protection. Business. Keeping income strong Disability Income Protection Business P r o d u c t s Keeping income strong Contents Your Most Valuable Asset 1 Disability Could it Happen to You? 2 The Leading Causes of Disability 3 ProVider Plus Disability

More information

ProVider Plus Individual Disability Income Insurance

ProVider Plus Individual Disability Income Insurance ProVider Plus Individual Disability Income Insurance Keeping income strong Table of Contents Your income is your most valuable asset. Protect it!...........1 Disability Could it happen to you?........................2

More information

The Intelligent Choice for Basic Disability Income Protection. Keeping Income. strong

The Intelligent Choice for Basic Disability Income Protection. Keeping Income. strong The Intelligent Choice for Basic Disability Income Protection ProVider Plus Limited Keeping Income strong We purposefully engineer our basic disability income product to provide benefit-rich features delivering

More information

The ProVider Plus Competitive Advantage

The ProVider Plus Competitive Advantage The ProVider Plus Competitive Advantage Here are some noteworthy product features to distinguish Berkshire s ProVider Plus flagship product offering when in competition with These competitive advantages

More information

The ProVider Plus Competitive Advantage

The ProVider Plus Competitive Advantage The ProVider Plus Competitive Advantage Here are some noteworthy product features to distinguish Berkshire s ProVider Plus flagship product offering when in competition with These competitive advantages

More information

MetLife Income Guard Compared to Guardian Provider Plus 1400

MetLife Income Guard Compared to Guardian Provider Plus 1400 DISABILITY INSURANCE SM MetLife Income Guard Compared to 1400 MetLife Income Guard is a noncancelable and guaranteed renewable individual disability insurance (IDI) product that offers a variety of competitive

More information

Lifestyle Protection Plan for Executives

Lifestyle Protection Plan for Executives Chris is 36 years old and earns $90,000 per year. He is about to suffer a massive heart attack that will put him out of work permanently...... and cost him over $4 million. Lifestyle Protection Plan for

More information

Protect your most valuable asset

Protect your most valuable asset Protect your most valuable asset ProViderPlus INDIVIDUAL DISABILITY INCOME INSURANCE 1 E1043-05-08 TABLE OF CONTENTS The Risk of Disability Statistics Leading Causes Resources People Rely On What to look

More information

Unit 9. Berkshire Personal Disability Insurance Products

Unit 9. Berkshire Personal Disability Insurance Products Unit 9 Berkshire Personal Disability Insurance Products Let s take a close look 1 Personal DI Products High quality markets require high quality products Berkshire s individual disability income products

More information

Accumulation Period A period of months that begins on the first day of disability and during which the Elimination period must be satisfied.

Accumulation Period A period of months that begins on the first day of disability and during which the Elimination period must be satisfied. Accumulation of Days of Disability In better disability policies, the Elimination Period days do not need to be consecutive. They may be accumulated, assuming each period of disability is not separated

More information

Why Disability Insurance

Why Disability Insurance Why Disability Insurance Most people insure their material possessions their homes and cars, for example. But many people don t insure what is probably their most valuable asset their ability to work and

More information

Short-Term Disability

Short-Term Disability MUTUAL of OMAHA INSURANCE COMPANY THAT WORKS FOR ME. Disability Insurance Choice Portfolio Short-Term Disability Prepared for: Presented by: DOVETAIL SHORT & LONG TERM DI Home Office none 402-351-0000

More information

Long-Term Disability

Long-Term Disability THAT WORKS FOR ME. Disability Insurance Choice Portfolio Long-Term Disability Prepared for: Presented by: DI AS AN INCOME PROTECTOR Home Office none 402-351-0000 Mutual of Omaha Insurance Company, Mutual

More information

Lifestyle Protection Plan for Business Owners

Lifestyle Protection Plan for Business Owners Paul is 38 years old and nets $60,000 per year. He is about to fall, seriously injure his neck and put himself out of business......it will cost him over $2.4 million. Lifestyle Protection Plan for Business

More information

Why Disability Insurance

Why Disability Insurance Why Disability Insurance Most people insure their material possessions their homes and cars, for example. But many people don t insure what is probably their most valuable asset their ability to work and

More information

Why Disability Insurance

Why Disability Insurance Why Disability Insurance Most people insure their material possessions their homes and cars, for example. But many people don t insure what is probably their most valuable asset their ability to work and

More information

Disability Income Replacement Plan & Business Overhead Expense Plan

Disability Income Replacement Plan & Business Overhead Expense Plan Disability Income Replacement Plan & Business Overhead Expense Plan protecting your income Engineers Canada-sponsored Disability Income Replacement coverage and Business Overhead Expense coverage offer

More information

INDIVIDUAL DISABILITY INSURANCE

INDIVIDUAL DISABILITY INSURANCE Disability Insurance Crash Course 1 AN INTRO TO INDIVIDUAL DISABILITY INSURANCE Disability Insurance Crash Course 2 AN INTRODUCTORY GUIDE TO HOW INDIVIDUAL DISABILITY INSURANCE POLICIES WORK, AND WHY YOU

More information

Principal Life s Disability Income Insurance HH 750. Portfolio Summary Updated 06/28/2013

Principal Life s Disability Income Insurance HH 750. Portfolio Summary Updated 06/28/2013 Principal Life s Disability Income Insurance HH 750 Portfolio Summary Updated 06/28/2013 NOTE: This is a general summary. All features, provisions and riders may not be available in all states and may

More information

The Professional Series

The Professional Series The Professional Series INSURANCE ADVISOR GUIDE For advisor use only. PLAN CODE 964 level; 965 step rate PRODUCT TYPE Individual disability income protection SALES TIP Consider offering your client the

More information

Disability Income Insurance

Disability Income Insurance Disability Income Insurance Non-Cancellable and Guaranteed Renewable RR DI Series Disability Income Sample Policy with: Additional Purchase Benefit (APB) Deferred Disability Benefit (DDB) Future Increase

More information

Business Loan Protector

Business Loan Protector Business Loan Protector Insurance Advisor Guide For advisor use only. PLAN CODE: 958 periodic pay; 958L lump sum PRODUCT TYPE Business protection PURPOSE AND MARKET The Business Loan Protector policy has

More information

Individual Living Benefits Product Portfolio. Personal income, lifestyle and business protection

Individual Living Benefits Product Portfolio. Personal income, lifestyle and business protection Individual Living Benefits Product Portfolio Personal income, lifestyle and business protection PROFESSIONAL MARKET The Professional Series policy OBJECTIVE n Provides non-cancellable coverage that includes

More information

Disability Insurance Protection for disabling sickness or injuries

Disability Insurance Protection for disabling sickness or injuries Is your income protected? What would you or your family be able to live without if you were disabled and lost your ability to earn a paycheck? CAR GROCERIES HOME Disability Insurance Protection for disabling

More information

Business Overhead Expense. Disability Insurance. Petersen. International Underwriters

Business Overhead Expense. Disability Insurance. Petersen. International Underwriters Business Overhead Expense Disability Insurance Petersen International Underwriters Business Overhead Expense Unfortunately, there is not a switch with which one can turn off business expenses at a time

More information

Disability Income Choice at Work ACCIDENT ONLY DISABILITY INCOME INSURANCE

Disability Income Choice at Work ACCIDENT ONLY DISABILITY INCOME INSURANCE Mutual of Omaha Insurance Company Disability Income Choice at Work ACCIDENT ONLY DISABILITY INCOME INSURANCE MC35420 T DI Choice at Work The paycheck you earn helps you build the life you want for your

More information

Long-Term Disability Insurance

Long-Term Disability Insurance Long-Term Disability Insurance Developed for the employees of Pennsylvania State System of Higher Education Protecting Your Family Securing Your Future If you re physically healthy, you can work, play,

More information

Disability Insurance: A sound financial foundation includes income protection

Disability Insurance: A sound financial foundation includes income protection Disability Insurance: A sound financial foundation includes income protection Introduction...1 An important financial safety net...2 Many are not eligible for Social Security or workers compensation benefits...3

More information

STANDARD INSURANCE COMPANY Home Office: P.O. Box 711, PORTLAND, OREGON 97207 1-800-247-6888

STANDARD INSURANCE COMPANY Home Office: P.O. Box 711, PORTLAND, OREGON 97207 1-800-247-6888 STANDARD INSURANCE COMPANY Home Office: P.O. Box 711, PORTLAND, OREGON 97207 1-800-247-6888 INSURED: POLICY NUMBER: BUSINESS PROTECTOR DISABILITY INCOME PROTECTION COVERAGE OUTLINE OF COVERAGE READ YOUR

More information

AMA. Student Starter Program. Dedicated to serving Alberta s medical profession. Our specialty is you.

AMA. Student Starter Program. Dedicated to serving Alberta s medical profession. Our specialty is you. AMA Student Starter Program Dedicated to serving Alberta s medical profession. Our specialty is you. Table of contents AMA Disability Insurance plan 4 Who is eligible 4 How much coverage can I get? 4

More information

Protector Platinum SM Guarantee Issue Individual Disability Income Insurance

Protector Platinum SM Guarantee Issue Individual Disability Income Insurance February 2011 Protector Platinum SM Guarantee Issue Individual Disability Income Insurance Protector x Platinum SM GI Form For 15397PPT 2010 producer Standard (Rev training Insurance 2/11) only. Company

More information

Product Overview Products to keep your clients income, retirement savings and business strong.

Product Overview Products to keep your clients income, retirement savings and business strong. Individual Disability Income Insurance provider Plus and ProVider Plus Limited Product Overview Products to keep your clients income, retirement savings and business strong. For For Producer use use only.

More information

In the AMA Tradition... Serving the insurance Needs of Physicians and Their Families

In the AMA Tradition... Serving the insurance Needs of Physicians and Their Families In the AMA Tradition... Serving the insurance Needs of Physicians and Their Families Almost three decades ago, the American Medical Association (AMA) - recognizing the importance of highquality insurance

More information

Products that help you protect your clients income

Products that help you protect your clients income For producer use only. Not for use with the general public. Products that help you protect your clients income PRODUCT overview Individual disability income INSURANCE Guaranteed standard issue disability

More information

INDIVIDUAL DISABILITY INSURANCE. Individual critical illness insurance AT A GLANCE

INDIVIDUAL DISABILITY INSURANCE. Individual critical illness insurance AT A GLANCE INDIVIDUAL DISABILITY INSURANCE Professional Oasis Individual critical illness insurance AT A GLANCE Table of Contents Professional......................................1 Built-in features.................................

More information

Masters, Mates & Pilots Disability

Masters, Mates & Pilots Disability Masters, Mates & Pilots Disability A Disability Financial Planning Tool Personal Income Protection Specifically Designed For Eligible Participants of the Masters, Mates & Pilots Health & Benefit Plan Willis

More information

Voluntary Supplemental Long Term Disability Plan

Voluntary Supplemental Long Term Disability Plan PRUDENTIAL S GROUP INSURANCE Voluntary Supplemental Long Term Disability Plan Southern Illinois University #92822 Issued by The Prudential Insurance Company of America 0172180 Get Peak Protection for You

More information

Disability Insurance How to Maximize Your Benefits

Disability Insurance How to Maximize Your Benefits Disability Insurance How to Maximize Your Benefits Until an individual has created sufficient wealth to provide adequate income for their family in the event of a disability, it is vital to manage the

More information

Disability Insurance. Business

Disability Insurance. Business Overhead Expense Disability Insurance to Cover Reimbursement for Overhead Expenses Business P r o d u c t s Reimbursement for Business Expenses in the event of Disability You ve worked hard to establish

More information

Physician Disability Insurance Guide

Physician Disability Insurance Guide Physician Disability Insurance Guide This guide will educate you about definitions of disability, policy provisions, types of policies, how insurance companies determine the amount of disability coverage

More information

INSURANCE ADVISOR GUIDE

INSURANCE ADVISOR GUIDE Business Loan Protector INSURANCE ADVISOR GUIDE For advisor use only. PLAN CODE: 958 periodic pay; 958L lump sum PRODUCT TYPE Business protection PURPOSE AND MARKET The Business Loan Protector policy has

More information

Protector AT A GLANCE

Protector AT A GLANCE CRITICAL INDIVIDUAL ILLNESS DISABILITY INSURANCE INSURANCE AT A GLANCE Protector AT A GLANCE Table of Contents Table of Contents Protector...1 Built-in Protector features...1...2 Basic policy........................

More information

What if illness or injury made it impossible for you to work?

What if illness or injury made it impossible for you to work? This is the best time to protect your future earnings Disability Income Insurance for New Professionals Your earning power is your most valuable asset Your ability to earn an income is your most valuable

More information

AAD Group Disability Income Insurance Plan. Frequently Asked Questions

AAD Group Disability Income Insurance Plan. Frequently Asked Questions Frequently Asked Questions 1. What is Disability Income Insurance and why would I need it? Disability Income Insurance can help pay the bills after your short-term benefits are depleted. Many times you

More information

Table of Contents. 1 Partnering for Success... 2. 5 Questions and Answers... 9. 2 About Liberty Mutual... 3. 3 Supplementing the State's Plan...

Table of Contents. 1 Partnering for Success... 2. 5 Questions and Answers... 9. 2 About Liberty Mutual... 3. 3 Supplementing the State's Plan... Table of Contents 1 Partnering for Success... 2 Page 2 About Liberty Mutual... 3 3 Supplementing the State's Plan... 4 4 Plan Highlights... 7 5 Questions and Answers... 9 UNC Supplemental Disability 1

More information

LONG TERM DISABILITY. benefits for employees that benefit employers

LONG TERM DISABILITY. benefits for employees that benefit employers LONG TERM DISABILITY benefits for employees that benefit employers Long Term Disability VOLUNTARY Although Americans lose millions of workdays each year to disabilities, too many of us think, It won t

More information

President and Trustees of Bates College. Your Group Long Term Disability Plan

President and Trustees of Bates College. Your Group Long Term Disability Plan President and Trustees of Bates College Your Group Long Term Disability Plan Policy No. 128121 011 Underwritten by Unum Life Insurance Company of America 4/1/2011 CERTIFICATE OF COVERAGE Unum Life Insurance

More information

Income Protection Disability

Income Protection Disability Income Protection Disability Protecting loved ones from financial hardship in the event of premature death of a primary income earner is usually a high priority for most Canadians. Unfortunately, while

More information

Your Personal Disability Income Protection Plan

Your Personal Disability Income Protection Plan Your Personal Disability Income Protection Plan Prepared for: Kimberly Garrison September 25, 2015 Presented by: Joe Capone, ChFC, LUTCF Insuring Income 160 Gould Street Suite 310 Needham, MA 02494 888-666-4208

More information

Disability Income Choice Portfolio

Disability Income Choice Portfolio Mutual of Omaha Insurance Company Disability Income Choice Portfolio SM MC34442 While many workers have group disability coverage through an employer, it often covers only 50 to 60 percent of their pay.

More information

Keep Your Business Sailing Smoothly

Keep Your Business Sailing Smoothly Keep Your Business Sailing Smoothly DISABILITY INSURANCE FOR OVERHEAD EXPENSE REIMBURSEMENT As the owner of a practice or small business, you are key to its success. Your customers and employees rely on

More information

VOLUNTARY SUPPLEMENTAL LONG TERM DISABILITY PLAN

VOLUNTARY SUPPLEMENTAL LONG TERM DISABILITY PLAN VOLUNTARY SUPPLEMENTAL LONG TERM DISABILITY PLAN Chicago State University #50563 Eastern Illinois University #93024 Governors State University #92820 Illinois State University #92821 Northeastern Illinois

More information

American Academy Of Physician Assistants (AAPA) Group Disability Insurance FAQ s

American Academy Of Physician Assistants (AAPA) Group Disability Insurance FAQ s American Academy Of Physician Assistants (AAPA) Group Disability Insurance FAQ s Application Process 1. Who is eligible to participate? A Fellow member, in good standing of the American Academy of Physician

More information

Group Disability Income Insurance Enrollment at a Glance Protection that provides benefits and access to expert resources during a difficult time.

Group Disability Income Insurance Enrollment at a Glance Protection that provides benefits and access to expert resources during a difficult time. Group Disability Income Insurance Enrollment at a Glance Protection that provides benefits and access to expert resources during a difficult time. For the employees of: Shelby County Government What is

More information

Special Guaranteed Issue Offer for Long-Term Disability Insurance

Special Guaranteed Issue Offer for Long-Term Disability Insurance Special Guaranteed Issue Offer for Long-Term Disability Insurance Designed by veterinarians for veterinarians Available to AVMA Members insurance you can trust. Underwritten by New York Life Insurance

More information

To order printed version of this document, request Pub3527BL via Forms On Demand. Disability Insurance. Business

To order printed version of this document, request Pub3527BL via Forms On Demand. Disability Insurance. Business Overhead Expense To order printed version of this document, request Pub3527BL via Forms On Demand. Disability Insurance to Cover Reimbursement for Overhead Expenses Business P r o d u c t s Reimbursement

More information

Long Term Disability Insurance

Long Term Disability Insurance Benefits Description Page 1 of 6 Long Term Disability Insurance Definitions Disability Due to a sickness, pregnancy or accidental injury, the employee is receiving appropriate care and treatment from a

More information

DInamic Foundation. Agent Guide. Disability Income Insurance. For Producer use only. Not for use with clients. DI 1228 3/11

DInamic Foundation. Agent Guide. Disability Income Insurance. For Producer use only. Not for use with clients. DI 1228 3/11 DInamic Foundation Agent Guide Disability Income Insurance DI 1228 3/11 For Producer use only. Not for use with clients. Table Of Contents Foreword............................. 1 Products and Features

More information

YOUR GROUP LIFE INSURANCE PLAN

YOUR GROUP LIFE INSURANCE PLAN YOUR GROUP LIFE INSURANCE PLAN LOGO For Active Employees of Independent School District #15 6CC000 B-8575 8-06 E-Book CONTENTS CERTIFICATION PAGE............................................. 1 SCHEDULE

More information

Gerber Life Insurance Product Offerings

Gerber Life Insurance Product Offerings Children s Coverage The Grow-Up Plan is whole life insurance designed for children ages 14 days to 14 years old. Purchased by parents, grandparents, and permanent legal guardians, Gerber Life s Grow-Up

More information

Individual Disability Insurance

Individual Disability Insurance Individual Disability Insurance One Key To A Secure Financial Future Standard Insurance Company The Standard Life Insurance Company of New York Standard Insurance Company is licensed to issue insurance

More information

Long Term DISABILITY HOW TO APPLY

Long Term DISABILITY HOW TO APPLY Long Term DISABILITY HOW TO APPLY Complete an application in full, making sure you sign and date it. Mail the application to: Quebec Québec Medical Association 1000 380 Saint-Antoine de la Gauchetière

More information

Expanded Long Term Disability Insurance

Expanded Long Term Disability Insurance Expanded Long Term Disability Insurance Professional Engineers In California Government STANDARD INSURANCE COMPANY This program is sponsored by the Professional Engineers in California Government PECG

More information

STUDENT LIFE & DISABILITY INSURANCE

STUDENT LIFE & DISABILITY INSURANCE STUDENT LIFE & DISABILITY INSURANCE Available Exclusively to SAVMA Members Underwritten by New York Life Insurance Company LIFE & DISABILITY IMPORTANT INSURANCE PROTECTION WHILE YOU RE IN SCHOOL FOR LESS

More information

Long-Term Disability Insurance

Long-Term Disability Insurance Long-Term Disability Insurance Developed for the class 1 Employees of Research Triangle Institute Protecting Your Family Securing Your Future As long as you've got your health. If you're physically healthy,

More information

DISABILITY insurance. MetLife Income Guard SM. Flexible Income Protection that Works for You.

DISABILITY insurance. MetLife Income Guard SM. Flexible Income Protection that Works for You. DISABILITY insurance MetLife Income Guard SM Flexible Income Protection that Works for You. Most people prepare for important goals or events, like finding a new home, purchasing a car, taking a vacation

More information

VOLUNTARY SUPPLEMENTAL LONG TERM DISABILITY PLAN

VOLUNTARY SUPPLEMENTAL LONG TERM DISABILITY PLAN VOLUNTARY SUPPLEMENTAL LONG TERM DISABILITY PLAN Chicago State University #50563 Eastern Illinois University #93024 Governors State University #92820 Illinois State University #92821 Northeastern Illinois

More information

VOLUNTARY SUPPLEMENTAL LONG TERM DISABILITY PLAN

VOLUNTARY SUPPLEMENTAL LONG TERM DISABILITY PLAN VOLUNTARY SUPPLEMENTAL LONG TERM DISABILITY PLAN University of Illinois #92630 Effective October 1, 2014 The Prudential Insurance Company of America, Newark, NJ 10/2014 0209015-00002-00 1 DISABILITY INSURANCE

More information

Accident Only Disability Income Insurance Learn the Truth. Know the Risk. Protect your Income.

Accident Only Disability Income Insurance Learn the Truth. Know the Risk. Protect your Income. Mutual of Omaha Insurance Company Accident Only Disability Income Insurance Learn the Truth. Know the Risk. Protect your Income....so you can keep it going. MC35297 Accident Only Disability Income Insurance

More information

A CONSUMER'S GUIDE TO DISABILITY INCOME INSURANCE. from YOUR North Carolina Department of Insurance CONSUMER'SGUIDE

A CONSUMER'S GUIDE TO DISABILITY INCOME INSURANCE. from YOUR North Carolina Department of Insurance CONSUMER'SGUIDE A CONSUMER'S GUIDE TO DISABILITY INCOME INSURANCE from YOUR North Carolina Department of Insurance CONSUMER'SGUIDE A MESSAGE FROM YOUR INSURANCE COMMISSIONER Greetings, The North Carolina Department of

More information

Income Protection Plan An Accident-Only Disability Income Insurance Plan

Income Protection Plan An Accident-Only Disability Income Insurance Plan Income Protection Plan An Accident-Only Disability Income Insurance Plan Income Protection Plus Plan An Accident & Illness Disability Income Insurance Plan M IP_P IP B 110_110 HealthMarkets is the brand

More information

ContinuON Income SolutionsSM

ContinuON Income SolutionsSM Disability Income Insurance ContinuON Income SolutionsSM Marketing Guide ecause life doesn t stop SM at disability Headline Introduction... 4 Products & Features Individual Non Cancellable, Classes: 5M,,,

More information

STANDARD INSURANCE COMPANY Home Office: P.O. Box 711, PORTLAND, OREGON 97207 1-800-247-6888

STANDARD INSURANCE COMPANY Home Office: P.O. Box 711, PORTLAND, OREGON 97207 1-800-247-6888 STANDARD INSURANCE COMPANY Home Office: P.O. Box 711, PORTLAND, OREGON 97207 1-800-247-6888 INSURED: POLICY NUMBER: BUSINESS EQUITY PROTECTOR BUSINESS BUY-OUT EXPENSE DISABILITY COVERAGE OUTLINE OF COVERAGE

More information

Income Protection Plan An Accident-Only Disability Income Insurance Plan. Income Protection Plus Plan

Income Protection Plan An Accident-Only Disability Income Insurance Plan. Income Protection Plus Plan Income Protection Plan An Accident-Only Disability Income Insurance Plan Income Protection Plus Plan An Accident & Illness Disability Income Insurance Plan M IP_P B 110_110 HealthMarkets is the brand name

More information

VI. Long-Term Disability Program Table of Contents

VI. Long-Term Disability Program Table of Contents VI. Long-Term Disability Program Table of Contents About This Section...1 An Overview of the Long-Term Disability Program...2 Definition of Disability...2 Long-Term Disability Benefit Options...2 Basic

More information

HELP PROTECT YOUR INCOME WHEN YOUR GROUP LTD INSURANCE COVERAGE ENDS.

HELP PROTECT YOUR INCOME WHEN YOUR GROUP LTD INSURANCE COVERAGE ENDS. GROUP BENEFITS HELP PROTECT YOUR INCOME WHEN YOUR GROUP LTD INSURANCE COVERAGE ENDS. Your Long-term Disability Conversion Option IS THERE INCOME PROTECTION AFTER LTD INSURANCE COVERAGE ENDS? Disability

More information

Why Disability Insurance

Why Disability Insurance Why Disability Insurance Most people insure their material possessions their homes and cars, for example. But many people don t insure what is probably their most valuable asset their ability to work and

More information

Long-Term Disability Insurance

Long-Term Disability Insurance Long-Term Disability Insurance 817763 a 06/12 Developed for the Employees of Pennsylvania State System of Higher Education Protecting Your Family Securing Your Future As long as you've got your health.

More information

Zurich Life Risk Zurich Income Replacement

Zurich Life Risk Zurich Income Replacement Product Summary Issued 1 March 2015 Zurich Life Risk Zurich Income Replacement Adviser use only Summary These tables outline the in-built benefits, optional extras and product parameters for Zurich Income

More information

Summary of Disability Income and Business Overhead Expense Insurance Policies

Summary of Disability Income and Business Overhead Expense Insurance Policies Summary of Disability Income and Business Overhead Expense Insurance Policies Income is the Foundation. Protect It. DI 1248 12/11 With DInamic Foundation, you can provide needed income protection to a

More information

Disability insurance endorsed by the State Bar of Texas Insurance Trust as a benefit of your membership. 0257930-00001-00

Disability insurance endorsed by the State Bar of Texas Insurance Trust as a benefit of your membership. 0257930-00001-00 Disability insurance endorsed by the State Bar of Texas Insurance Trust as a benefit of your membership. 0257930-00001-00 LONG TERM DISABILITY PLAN Long Term Disability Insurance Helps Protect You and

More information

Agent Guide. Disability Income The Union Central Life Insurance Company. For Producer use only. Not for use with clients.

Agent Guide. Disability Income The Union Central Life Insurance Company. For Producer use only. Not for use with clients. Agent Guide Disability Income The Union Central Life Insurance Company DI 1010 12/09 For Producer use only. Not for use with clients. Table Of Contents Foreword............................. 1 Products

More information

TMAIT Insurance Guides for Physicians. Long-term Disability Insurance

TMAIT Insurance Guides for Physicians. Long-term Disability Insurance TMAIT Insurance Guides for Physicians Long-term Disability Insurance TMAIT Insurance Guides The TMAIT Insurance Guides are intended to help physicians make sound insurance decisions for themselves and

More information

John Carroll University. Your Group Long Term Disability Plan

John Carroll University. Your Group Long Term Disability Plan John Carroll University Your Group Long Term Disability Plan Policy No. 581726 011 Underwritten by Unum Life Insurance Company of America 3/15/2011 CERTIFICATE OF COVERAGE Unum Life Insurance Company

More information

Group Long Term Disability. Income Protection. For State IIA Association Members Effective July, 2001. with monthly benefits to $10,000

Group Long Term Disability. Income Protection. For State IIA Association Members Effective July, 2001. with monthly benefits to $10,000 Group Long Term Disability Income Protection with monthly benefits to $10,000 Since 1964 KELSEY NATIONAL CORPORATION With Your State IIA Endorsed Group Long Term Disability Income Protection You Get These

More information

No one likes to think about the possibility of being seriously injured in an accident or becoming too ill to work. But it can happen to any of us.

No one likes to think about the possibility of being seriously injured in an accident or becoming too ill to work. But it can happen to any of us. Insurance Planning One financial aspects of partnership is insurance 1. Disability insurance 2. Life insurance 3. Professional liability insurance Your law firm may have an established insurance package,

More information

Long Term Disability Insurance

Long Term Disability Insurance Group Voluntary For Employees of The California State University Standard Insurance Company About This Brochure This booklet is designed to answer some common questions about the group Voluntary Long Term

More information

Disability Income Choice Portfolio

Disability Income Choice Portfolio Mutual of Omaha Insurance Company Disability Income Choice Portfolio SM MC33593_0809 While many workers have group disability coverage through an employer, it often covers only 50 to 60 percent of their

More information

Voluntary Life Insurance SUMMARY OF BENEFITS

Voluntary Life Insurance SUMMARY OF BENEFITS Voluntary Life Insurance SUMMARY OF BENEFITS Sponsored by: Educational Service Center of Central Ohio Life Benefit Employee Spouse Dependent Amount Choice of $10,000 increments Not to exceed 5 times your

More information

Product Guide for AssurityBalance Business Overhead Expense Disability Income Protection

Product Guide for AssurityBalance Business Overhead Expense Disability Income Protection Product Guide for AssurityBalance Disability Income Protection 16105-02211 (11/15/05) For Agent use only. Product availability and features may vary by state. Product Guide for AssurityBalance Disability

More information

Group Term Life Insurance

Group Term Life Insurance Group Term Life Insurance For groups with 2-50 employees For the state of Virginia Plan Design Rate basis Rate guarantee 2-14 employees: Age banded rates (Each employee s premium is based on the group

More information

Summary of Disability Income and Business Overhead Expense Insurance Policies

Summary of Disability Income and Business Overhead Expense Insurance Policies Summary of Disability Income and Business Overhead Expense Insurance Policies All States but CA Income is the Foundation. Protect It. The Union Central Life Insurance Company DI 1248 12/09 With DInamic

More information

Long Term Disability (LTD)

Long Term Disability (LTD) Long Term Disability (LTD) TABLE OF CONTENTS (Click on any item below to go to that section) Overview LTD Coverage Benefit Payment of LTD Benefit Other Income Benefits Defining Disabled Recurrent disability

More information

Insurance & Benefits Trust of PORAC

Insurance & Benefits Trust of PORAC Insurance & Benefits Trust of PORAC How Benefits are Funded Percentage of Wages Protected Catastrophic Disability Benefit Maximum Monthly Benefit Maximum Benefit Period Fully self-funded and administered

More information

BENEFITS OF YOUR. Long-Term Disability Income Insurance

BENEFITS OF YOUR. Long-Term Disability Income Insurance BENEFITS OF YOUR Long-Term Disability Income Insurance Disability Benefits PARTIAL DISABILITY BENEFIT If you return to work after a covered total disability that began before age 65, you may be entitled

More information

Guide to Individual Disability Income. Insurance

Guide to Individual Disability Income. Insurance About AHIP America s Health Insurance Plans is a national association representing nearly 1,300 members providing health benefits to more than 200 million Americans. AHIP and its predecessor organizations

More information

Individual critical illness insurance AT A GLANCE

Individual critical illness insurance AT A GLANCE CRITICAL INDIVIDUAL ILLNESS DISABILITY INSURANCE INSURANCE AT A GLANCE Competitor Oasis Individual critical illness insurance AT A GLANCE Table of Contents Competitor.......................................1

More information

DISABILITY INSURANCE PROGRAM FREQUENTLY ASKED QUESTIONS

DISABILITY INSURANCE PROGRAM FREQUENTLY ASKED QUESTIONS DISABILITY INSURANCE PROGRAM FREQUENTLY ASKED QUESTIONS (FAQs) SECTION 4 LONG TERM DISABILITY (LTD) PROGRAM Effective July 1, 2015 Disclaimer If there is any conflict in interpretation between the FAQ

More information