Insurance Programs




Group Insurance for Firms
Benefits During Total Disability



Life Insurance Installment Payments
An insured individual under age 50 who is totally and permanently disabled (prevented from performing any work or engaging in any occupation for remuneration or profit) has available monthly installment payments of his or her term life insurance to help during the burden of disability. Payment is at the rate of $10 per $1,000 of term life insurance in force, for a period of up to ten years. As payments are made, the face amount of life insurance is reduced accordingly.

Waiver of Contribution during Disability
If a covered individual becomes totally disabled before age 60, the member's life insurance will be extended at no cost while the member remains totally disabled. As long as the disability remains, and proof of disability is furnished from time to time, the death benefit protection will be extended at no cost from year to year. (This extension will not apply to the accidental death and dismemberment insurance.)

Accelerated Benefit Option
Another no-cost feature of the Plan, this Option allows participants who become terminally ill while covered to receive a portion of their life insurance benefit in a lump sum. To receive this benefit, the insured individual must furnish satisfactory evidence, including a doctor's certification, that his or her life expectancy is six months or less. The insured may elect a portion of the insurance (generally tax-free) while he or she is living, and the death benefit will be reduced by any amount received. The insured may elect to receive a portion of term life insurance not more than 75% or $375,000 - whichever is less.