An Accident Only Insurance Policy that is Guaranteed Renewable Until Age 65

Goes to Work  
  When you can't

Money When You Need it Most

If you're like most American workers, your financial security, and your family's, depends on your paycheck.  What would happen if you are hurt or lose your life in an accident and can't bring home that paycheck?  The result could be financial tragedy.  Accidents, unfortunately, happen everyday - both on and off the job.

In Just One Year:

  • A fatal injury occurs every 5 minutes and a disabling injury occurs every 1.5 seconds.
  • On the job, 3.7 million American workers suffered disabling injuries in 2002.
  • In the home, there were 33,300 fatalities and 8 million disabling injuries in 2002.

    Source: National Safety Council Injury Facts® , 2003 Edition
Yet many American workers - perhaps you included - have no means of providing for themselves and their families if they are involved in an accident.

Paycheck Protection Plus is a plan designed for workers like you.  It is called Paycheck Protection Plus because income continues after an accident even if your paycheck stops.  Best of all, you won't have to pay any Federal Income Taxes on Benefits you receive from this policy.

Paycheck Protection Plus® combines many important accident benefits in a single policy, including protection on and off the job for total disability, hospitalization, medical treatment, death and dismemberment.


Premiums
*

Single Coverage
Issue Ages*
1 Unit**   2 Units**    
Wk. Mo. An.   Wk. Mo. An.    
18-40 $4.38 18.96 208.54   $6.56 28.44 327.81    
41-50 $5.00 21.67 238.33   $7.50 32.50 357.50    
51-60 $6.25 27.08 297.92   $10.31 44.69 491.56    
                   
Family Coverage
Issue Ages*
1 Unit**   2 Units**    
Wk. Mo. An.   Wk. Mo. An.    
18-40 $6.88 29.79 327.71   $10.00 43.33 476.67    
41-50 $7.50 32.50 357.50   $10.94 47.40 521.35    
51-60 $8.75 37.92 417.08   $13.75 59.58 655.42    
*                    
  • Pays benefits regardless of other insurance you may have.  Cash benefits paid directly to you, or to your beneficiaries or to someone designated by you.

  • Covers accidents on or off the job anywhere in the world, 24 hours a day, 365 days a year.

  • Premium rates can only change for the entire policy class, not for individual policies.

  • Premiums can be paid automatically through payroll deductions or by monthly bank draft.

  • Plan can be continued if you leave your present job.

  • The policy is guaranteed renewable until age 65.

  • If within 30 days of receipt of the policy you are not 100% satisfied, just return the policy and your premium will be refunded.


**
Issue ages premium does not increase as you get older.
Current income determines the number of units which can be purchased. Additional medical information may be required during the underwriting process.

Paycheck Protection Plus AT-A-Glance
Coverage and Benefit Amounts

Type of Coverage 1 Unit 2 Units

Total Disability Income Cash Benefit (8th day)
Total disability occurs within 30 days after the accidental injury.

$600/mo for 12 mo
$300/mo for next 48 mo
for off-the-job
Half as much for on-the-job
No dependent coverage
$1200/mo for 12 mo
$600/mo for next 48 mo
for off-the-job
Half as much for on-the-job
No dependent coverage

Hospitalization Cash Benefit (1st day)
Hospitalization must occur within 6 months of the accidental injury.

$100/day up to 90 days
for off-the-job
$50/day for on-the-job
$50/day for dependent spouse and/or children*
$200/day up to 90 days
for off-the-job
$100/day for on-the-job
$100/day for dependent spouse and/or children*

Medical Treatment Cash Benefit
Medical treatment must be received from a legally qualified physician within 60 days of the accidental injury.

Up to $400
On and Off job
Insured, dependent spouse
and/or children*
Up to $400
On and Off job
Insured, dependent spouse
and/or children

Accidental Death Cash Benefit

$10,000 for insured
$4,000 for dependent spouse
and/or children*
$20,000 for insured
$4,000 for dependent spouse and/or children*

Dismemberment: **

Loss of both eyes, both hands, or both feet or one hand and one foot
Loss of one hand, or one foot or one eye
Dismemberment
$5,000 for insured
$2,000 for dependent spouse and/or children*
$10,000 for insured
$4,000 for dependent spouse and/or children*
$2,500 for insured
$1,000 for dependent spouse and/or children*
$5,000 for insured
$2,000 for dependent spouse and/or children*

Common Carrier Death Benefit

$20,000 for insured
$8,000 for dependent spouse 
and/or children*
$40,000 for insured
$16,000 for dependent spouse and/or children*
* Available only if optional family coverage is elected.  Dependent spouse must be under age 65 at the time the policy is issued.  Dependent children (including future and legally adopted children) are unmarried children under the age of 21 (23 if a full-time student).  Any dependent child who is mentally or physically handicapped and incapable of employment will not lose protection because of age.
** Loss of limb means actual severance.  Loss of eyes means total and irrecoverable loss of sight.  For multiple losses from one accident the benefit is limited to a single payment.
Consult the policy for full benefits, exclusions and limitations.

Exclusions

This Policy does not cover any death or injury, which results from:

Suicide or attempted suicide, or self-inflicted injuries intentionally inflicted while you are sane or insane. Insurrection, war or any act of war, declared or undeclared or participation in a riot.
Any poison or gas voluntarily taken, administered, absorbed or inhaled. Engaging in an illegal occupation.
Intoxication or voluntary drug overdose, excluding those taken as medicine under physician's prescription. Full-time active duty in armed forces.
Disease or infirmity, unless resulting from an accident or occurring within 90 days of the accident. Operating, riding in or descending from any kind of aircraft, except as a passenger without aeronautic duties or any other specific duties in connection with aeronautic aircraft.
Commission of, or attempt to commit, an assault, felony or a crime of violence or from fleeing, or resisting arrest. Claims for benefits due to a pre-existing condition will not be paid.
Operating a vehicle on a racetrack or speedway in a race or speed test.

Optional Family Coverage

Provides accident protection for your spouse and children, under age 21, age 23 if full-time students.  Dependent benefits include all categories of benefits except for total disability.

Your spouse even becomes the insured, and is entitled to full-insured benefits in the event of your death, or after you have attained age 65.


Definitions

Accidental Injury means bodily injuries resulting from an accident which is the direct and independent cause of the loss, and which occurs while the Policy is in force.

Hospital means an institution, which is:

  • Licensed by the state agency, which approves hospitals.
  • Providing medical care and treatment for sick or injured persons on an in-patient basis.
  • Providing 24-hour registered nursing services

Hospital Confinement means one or more separate or combined periods for the same or related causes unless separated by an interval of six consecutive months.  If less than a six consecutive month separation, the confinement will be considered as one.

Off-the-Job includes any loss from injury not On-the-Job.

On-the-Job means arising out of or in the course of your regular occupation.  If your injury is covered by Worker's Compensation, it is deemed to be On-the-Job.

Pre-Existing Condition - A condition which:

  1. Symptoms resulting from an injury existed within the 2-year period before the Date of Issue; or
  2. Medical advice or treatment for an injury was recommended by or received from a physician within the 2-year period before the Date of Issue.

Total Disability during the first two years of a loss means the inability to perform all the substantial and material duties of your regular occupation.  After the first two years of a loss, it means the inability to perform the material and substantial duties of any occupation for which you are qualified by education, training or experience.  You must be under the regular care of a physician.

Please contact your nearest Agent for more information about this product and to signup.

 

   

 
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