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| 24 Hour Family Accident Insurance | | You've probably taken great care to provide for and protect your family from accidents whenever possible. While we may not always be able to prevent accidents from happening, we can prepare for the financial consequences that can be associated with a sudden accidental injury or death. This Family Accident Insurance Program can provide an economical way to provide for burial expenses, mortgage payments, educational goals, or even medical expenses. |
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| Highlights of Coverage | How The Plan Works | - Up to $300,000 in Total Benefits Available
- No Medical Questions
- Special Benefits Including
- Paralysis Benefits
- 10% Seatbelt Bonus
- Education Expense Benefit
- Convenient Payroll Deduction
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| Plan Design |
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| You may choose from one of 6 different plan designs and then select up to 6 units for a total Principal Sum amount. |
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Principal Sum Amount Per Unit | | Plan Type | Member | Spouse | Children | | A | $50,000 | $0 | $0 | | B | $40,000 | $10,000 | $0 | | C | $25,000 | $25,000 | $0 | | D | $30,000 | $10,000 | $5,000 | | E | $20,000 | $20,000 | $5,000 | | F | $40,000 | $0 | $5,000 |
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| Regardless of the Plan Type selected, the cost is only $3.00 a month or $3.60 tenthly for each unit of coverage selected. |
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| For instance - purchasing 3 units of Plan D would provide $90,000 coverage for the member, $30,000 for the spouse and $15,000 for each child at a cost of $9.00 per month. |
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| Schedule of Benefits and Losses |
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| Benefits are paid for a covered accidental bodily injury as a percentage of the Principal Sum you select, according to the following: |
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| Description of Loss | % of Principal Sum |
| | Loss of Life | | 100% | | Loss of Any Two - Hand, Foot or Eye | | 100% | | Loss of Speech and Hearing in Both Ears | | 100% | | Quadriplegia | | 100% | | Paraplegia | | 50% | | Loss of One Hand, Foot or Eye | | 50% | | Loss of Speech or Hearing in Both Ears | | 50% | | Hemiplegia | | 50% | | Loss of Thumb and Index Finger of the Same Hand | | 25% | | |
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| Quadriplegia means total paralysis of both upper and lower limbs; paraplegia means total paralysis of both lower limbs; and hemiplegia means total paralysis of upper and lower limbs on one side of the body. |
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Loss means: - for a hand or foot, complete severance through or above the wrist or ankle joint;
- for an eye, the total, permanent and irrecoverable loss of sight in the eye;
- for a thumb and index finger, complete severance through or above the metacarpophalangeal joints;
- for speech, total, permanent and irrecoverable loss of audible communication;
- for hearing, total and permanent loss of hearing in both ears which cannot be corrected by any means.
| | | | You must be covered under the plan at the time of the accident. Bodily injuries suffered must be as a direct result of the accident and from no other cause. Death or injury must occur within 1 year of the accident. If more than one loss results from any one accident, the loss with the largest benefit amount is payable. Each covered person is limited to one total Principal Sum amount for all covered accidents incurred while covered under this plan. |
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| Special |
| Special Benefits |
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| Education Expense Benefit - When you die from a covered accident, this benefit provides 2% of your Principal Sum up to $7,500 per year, for 4 consecutive years towards the cost of an accredited school beyond the 12th grade for each of your covered dependent children who are eligible. Eligible children are those under age 25 who are attending an accredited school beyond the 12th grade at the time of the accident, or those who enroll within one year from the accident. This benefit is paid in addition to all other benefits of the plan. |
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| Seatbelt Use Benefit - An additional 10% of a covered person's Principal Sum is payable for a covered accidental death resulting from a private passenger car accident. The car must be equipped with seatbelts which were in use and properly fastened at the time of the accident and verifiable by a police report in order for benefits to be payable. |
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| Other |
| Other Advantages |
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| Portable - once you have been insured for 2 years, this coverage will not terminate just because you are no longer eligible due to change in job. |
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| Affordable Coverage - accident only coverage provides an affordable opportunity to reassess your insurance needs if you've recently married, divorced, started a family, sent children to school or started paying on a mortgage or large loan. |
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| Automatic Payroll Deduction - your coverage will be automatically deducted from your paycheck on a monthly or tenthly basis, as selected by you. |
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| Family Coverage - You can select a benefit plan that includes your eligible family members. If spouse coverage is later terminated, that amount is added to your coverage. If coverage for all of your children is later terminated, twice their amount is added to your Principal Sum. The $300,000 maximum on the Principal Sum still applies to these circumstances. |
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| Underwritten By |
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| Life Insurance Company of America (LINA) The Life Insurance Company of North America (LINA) is the underwriting company for this accident insurance. LINA, a CIGNA Company, has earned high marks from a respected insurance rating service (A.M. Best: A Excellent). CIGNA companies have been providing affordable insurance programs that offer quality and value to millions of members of affinity groups. |
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This information is a brief description of the important features of the plan. It is not a contract. Terms and conditions of coverage are set forth in group policy
#AK-050293, issued in Delaware to the Universal Protection Trust. The group policy is subject to the laws of the jurisdiction in which it is issued. The availability of this offer may change. Please keep this material as a reference and refer to the Certificate of Insurance for additional state specific details. |
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