Insurance
Accelerated Benefit Maximum — Maximum Accelerated Benefit payable equals 75% of Death Benefit, subject to maximum of $500,000
The Accelerated Benefit will be an amount equal to 75% of the Death Benefit applicable to the Insured under the Policy on the date of the Certification of Terminal Illness, subject to a maximum benefit of $500,000.
Other
Accelerated Benefit Terminal Illness Threshold — Terminal Illness means reasonably expected to result in death in less than 24 months
Terminal Illness refers to an Insured's illness or physical condition that is Certified by a Physician to reasonably be expected to result in death in less than 24 months.
Other
Accident Loss Time Limit — Accidental Death and Dismemberment loss must occur within 365 days of the accident
the loss must occur within 365 days of the accident.
Other
Claims Legal Action Deadline — No legal action may be brought after three years from the time written proof of loss is required to be submitted
No action may be brought after three (3) years (Kansas, five (5) years; South Carolina and Michigan, six (6) years) from the time written proof of loss is required to be submitted.
Other
Conversion Privilege Individual Policy — Individual life insurance policy may be issued upon termination of employment without proof of good health within 31 days
If the insurance ceases due to termination of employment or membership in any of the Policy's classes, an individual Life Insurance Policy may be issued. You must make written application for the policy within thirty-one (31) days after you terminate.
Insurance
Employee Premium Share Pct — Employee is not required to contribute toward the cost of Basic Insurance.
You are not required to contribute toward the cost of the Basic Insurance.
Insurance
Life Insurance Amount — Basic Life and Accidental Death and Dismemberment insurance benefit amount
Basic Life and Accidental Death and Dismemberment: $50,000. The Life amount will be reduced by any benefit paid under the Accelerated Benefit Rider.
Other
Policy Incontestability Period — Policy cannot be contested after two years from date of issue, except for non-payment of premium
We cannot contest the validity of the Policy after it has been in force for two (2) years from the date of issue, except for non-payment of premium.
Other
Portability Continuation Period — Coverage may be continued for a period of two years after ceasing to be an Eligible Person
Such coverage may be continued for a period of two (2) years beginning on the date you are no longer an Eligible Person.
Insurance
Seat Belt Air Bag Max Benefit — Maximum combined benefit payable under Seat Belt and Air Bag Benefit
Maximum Benefit Payable – The total combined maximum benefit payable under the Seat Belt and Air Bag Benefit is $25,000.
Other
Total Loss Of Use Time Limit — Permanent Total Loss of Use must be demonstrated for 12 consecutive months from date injury occurred
we receive proof that you have experienced a permanent Total Loss of Use for 12 consecutive months from the date the Injury occurred
Other
Waiver Of Premium Age Limit — Waiver of Premium in Event of Total Disability requires disability begins prior to age 60
you become totally disabled prior to age 60
Other
Waiver Of Premium Minimum Duration — Total Disability must last for at least 6 months for waiver of premium benefits
✓
the Total Disability lasts for at least 6 months