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Group Term
Life/AD&D/Dependent Life
Group Term Life, Accidental Death and Dismemberment (AD&D),
and Dependent Life coverage is designed to provide benefits
to the beneficiary for loss of life, or to the insured for
loss resulting from accidental dismemberment.
The benefits are provided through a group master policy issued
to and purchased by the employer on behalf of all its employees.
| Minimum Size Group |
10 lives |
| Minimum Participation |
Non-contributory: 100% if the employer
pays the entire cost. Contributory: 75% if the employees
contribute to cost. |
| Amount |
Choose amounts from $10,000 to a maximum
of $500,000. |
| Standard Life Provisions |
Waiver of Premium
Conversion Privilege
Accelerated Death Benefit (with minimum of $15,000 life)
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| Standard AD&D Riders |
Seat Belt/Air Bag
Speech & Hearing
Coma
Repatriation
Exposure & Disappearance
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| Reductions/Termination |
Suggested benefit reduction:
35% at age 65, 50% at age 70 and termination at retirement.
(Other schedules may be quoted upon request)
Accidental Death & Dismemberment will reduce the same
as life, except coverage must terminate at retirement.
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Dependent Life Standard Plans
(other
schedules may be quoted upon request)
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Spouse: $2,000 or $5,000
Children Age 14 days to 6 months: $100 or $200
Children
Age 6 months to 19 years: $1,000 or $2,000
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| Conversion Privilege |
When the employee's insurance terminates
because of death, retirement or termination of employment,
dependent coverage may be converted under the same conditions
outlined for conversion of the employee's group life insurance.
In addition, any dependent no longer eligible, under the
terms and provisions of the master policy may convert
his coverage. |
| Additional details
will be provided upon request. |
| DISCLAIMER:
This is a brief description of the products offered by
USAble Life. These descriptions are for informational
purposes only. Products and provisions described may not
be available in all states. Specific provisions may vary
by state. The policy contains a complete description of
benefits, provisions, limitations and exclusions. In the
event of a conflict between this description and the policy,
the policy will prevail. |
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Group
Short Term Disability
Group Short Term Disability (STD) is designed to provide
partial income replacement for employees who become disabled
as the result of sickness or an off-the-job injury. Benefits
are payable according to a schedule for the benefit periods
as shown in the master policy.
| Minimum Size Group |
10 lives |
| Minimum Participation |
Non-contributory: 100% if the employer
pays the entire cost. Contributory: 75% if the employees
contribute to cost. |
| Benefit Periods Available |
13 Weeks or 26 Weeks (Other benefit periods
may be available upon request to coincide with a Long
Term Disability Plan's elimination period.) |
| Benefits Begin |
The 1st, 8th, 15th, or 31st day of disability
for accident and/or sickness. First day benefits, for
accident only, are also available. |
| Benefit Percentages
and Maximum Benefits |
Recommended: 50% or 60%
Maximum percentage is 70% of basic earnings to a maximum
benefit of:
Number
of Employees |
Max. Weekly
Benefit* |
10-24 |
$500 |
25-49 |
$750 |
50-99 |
$1,000 |
100
& over |
$1,500 |
*Guaranteed Issue amount may be less than the maximum
benefit.
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| Schedules Available |
Earnings Schedule with STD benefits equal
to 50%, 60%, 66 2/3%, or 70% of the employee's basic weekly
income to a maximum dollar amount
Occupational Schedule with classes and amounts that must
be designed so that the amount of insurance will not exceed
70% of the lowest earnings in each class. |
| Age Limit |
STD Benefits terminate at retirement and
are not convertible.
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| Additional details
will be provided upon request. |
| DISCLAIMER:
This is a brief description of the products offered by
USAble Life. These descriptions are for informational
purposes only. Products and provisions described may not
be available in all states. Specific provisions may vary
by state. The policy contains a complete description of
benefits, provisions, limitations and exclusions. In the
event of a conflict between this description and the policy,
the policy will prevail. |
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Group
Long Term Disability
Group Long Term Disability (LTD) is designed to provide partial
income for employees who become totally disabled due to sickness
or injury occurring on or off-the-job. Benefits are payable
according to a schedule for the benefit periods as shown in
the master policy.
| Minimum Size Group |
10 lives |
| Minimum Participation |
Non-contributory: 100% if the employer
pays the entire cost.
Contributory: 75% if the employees contribute to cost. |
| Benefit Percentage |
Recommended: 60%
Options: 50%, 66 2/3% |
| Maximum Monthly Benefit |
Standard maximum: $6,000.
The maximum monthly benefit will be based on the average
monthly salaries of the five highest paid employees. |
| Elimination Periods |
Recommended: 90 or 180 days.
Options: 120, 150, 360 days |
| Integration |
Recommended: Primary & Family
Options: Primary only or 70% all sources |
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Benefit Duration |
Options are available to meet your client’s
needs and may vary by employee class.
Reducing Benefit Duration (RBD); 65/5/70; To age 70; To
age 65;
5 or 10 years or to age 70; 5 or 10 years or to age 65
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Standard Features |
2 Year Own Occupation Coverage
Full Maternity
Cost of Living Freeze
Waiver of Premium
Recurrent disability
Rate Guarantees
Accumulation of Elimination Period
3 Month Survivor Income
Progressive Partial Disability |
Optional Features
(certain underwriting
restrictions may apply) |
3 or 5 Year Own Occupation Coverage
Extensive Own Occupation Coverage to age 65
1 & 2 year Survivor Income
Cost of Living Adjustment (COLA) |
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Pre-existing Conditions |
If a disability is caused or contributed
to by a pre-existing medical condition, it will not be
covered unless certain criteria are met.
Allowed pre-existing limitations vary by state.
Consult Group Underwriting at USAble Life is you have
any questions. |
| Additional details
will be provided upon request. |
| DISCLAIMER:
This is a brief description of the products offered by
USAble Life. These descriptions are for informational
purposes only. Products and provisions described may not
be available in all states. Specific provisions may vary
by state. The policy contains a complete description of
benefits, provisions, limitations and exclusions. In the
event of a conflict between this description and the policy,
the policy will prevail. |
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