Accidents happen. Are you prepared?
An accidental injury can be severe enough to prevent you from doing the work you do every day. Unfortunately, such an injury can easily happen to anyone. What if you experience the loss of your hand or leg following an automobile accident? Could you continue to work?
That’s where Group Accidental Death and Dismemberment Insurance (AD&D) comes in. This insurance provides you with a benefit for a covered accidental injury or accidental death. This benefit is paid in addition to any life or health insurance benefits you might receive.
COVERAGE FOR WHAT YOU CAN’T AVOID
You and your family might not be able to avoid a serious accident. No one can completely prevent one from happening, but now you can help protect yourself financially if it happens to you. This HSBA–sponsored Group Accidental Death and Dismemberment Insurance Plan (AD&D) is designed especially for members to help ease the financial burden an accident can bring. A serious accident would have a strong impact on your entire family’s emotional state. But after the trauma, accident–stricken families may find themselves unprepared for the financial hardships that may follow. Bills for hospital and physician services, as well as everyday bills, pile up quickly and may cause increased financial stress.
RECEIVE THESE IMPORTANT FEATURES WHEN YOU ENROLL IN THIS PLAN:
AUTOMATIC ACCEPTANCE For all members/employees under age 70, acceptance is automatic. There are no health questions asked … no physical exam required! Your spouse under age 70 and your unmarried dependent children up to age 21 (or 25 if student) are automatically eligible for coverage when you enroll. Employees of members and their dependents are also eligible for coverage. Coverage is effective upon receipt of the required premium and the enrollment form. You and your family cannot be turned down!
RENEWABILITY You will be covered until age 80, as long as you pay your premiums when due, and the Group Policy remains in force. Coverage for dependents terminates when they are no longer eligible because of age or change in their marital status.
HIGH LIMITS OF COVERAGE Up to $500,000 of coverage is available in $25,000 units. One hundred percent of your benefit amount is paid for loss of life as a result of injuries caused by a covered accident.
ECONOMICAL PREMIUMS The economies of centralized administration and the buying power of your association help keep premiums affordable.
ADDITIONAL BENEFITS PROVIDED AT NO EXTRA COST TO YOU
All of the following benefits are part of your coverage. These are benefits that may pay additional money on top of the AD&D benefit amount.
Safe Driver Benefit
Your beneficiary may receive an additional 10% of your benefit amount (up to $25,000) if you have a covered fatal car accident and are wearing a seat belt at the time. This benefit will increase to an additional 15 percent (up to $40,000) if the car you were riding in or driving also has factory–installed airbags that inflated properly upon impact.
If you die in a covered accident, an additional 5 percent of your benefit amount (up to $3,000 per year) may be payable for up to four years for higher learning for your eligible student dependent children.
Child Care Benefit
If you have children under 13 and you die in a covered accident, a child care benefit of an additional 3 percent of your benefit amount (up to $2,500 per year) for up to six years may be payable to the person who has incurred the cost of day care expenses.
Common Carrier Benefit
An additional 100% of your benefit amount (up to $50,000) may be payable if the covered loss occurs while traveling as a fare–paying passenger or boarding on or debarking from a licensed common carrier.
Total and Permanent Disability
Your FULL BENEFIT amount is payable if you are totally and permanently disabled, as defined in the certificate, as part of a covered accident.
Your spouse can receive an additional 5 percent of your benefit amount (up to $5,000) for attending a professional or trade training program, if the cost is incurred within 30 months of your covered death and the training program is for the purpose of obtaining an independent source of support and maintenance.
Elder Care Benefit
The beneficiary may receive an additional 5 percent of your benefit amount (up to $5,000) if you die due to a covered accident while an elderly relative is dependent on you for support and maintenance.
If you are in a coma due to a covered accident, you may receive 2 percent of your full benefit amount, per month for up to 12 months (maximum $24,000), until you are no longer in a coma or when maximum benefits have been paid, whichever comes first.
You could also receive an additional 2 percent of your benefit amount (up to $5,000) if you have a covered loss and your doctor prescribes rehabilitation services.
If you suffer disfigurement due to burns covering at least 5% of your body caused by a covered accident, you could receive 10 percent of your benefit amount (up to $30,000).
Your beneficiary could receive an additional 2 percent of your benefit amount (up to $5,000) if you die due to a covered accident that occurs at least 75 miles from your primary residence.
Exposure and Disappearance Benefit
ReliaStar Life pays an Exposure benefit if:
ReliaStar Life pays a Disappearance benefit if:
Common Disaster Benefit
ReliaStar Life pays a Common Disaster benefit if, as a result of a common accident, you and your insured dependent spouse die within one year as a result of a covered accident. This benefit increases the spouse coverage to 100% of member's coverage provided the additional benefits do not equal more than $50,000.
You’re covered, anytime, anywhere. Coverage under this AD&D Plan helps protect you from loss caused by a covered accident 24 hours a day … 365 days a year … on or off the job … from across the street to around the world! Even while you’re on commercial airplanes, buses, and taxis. And any benefits you may receive from this plan are paid directly to you or your beneficiary to cover final expenses, medical costs, or to invest in long–range income replacement … regardless of Social Security or other insurance benefits.
When you choose the Family Plan, benefits for all covered family members are based on the amount of coverage you select, as follows:
Schedule of Benefits
If injuries caused by a covered accident result in death or dismemberment within 365 days of the covered accident, the plan will pay the following:
|Both hands, both feet or sight of both eyes||100%|
|One hand and one foot||100%|
|Speech and hearing in both ears||100%|
|One hand or one foot and sight of one eye||100%|
|One hand or one foot or sight of one eye||50%|
|Hearing in both ears||50%|
|Thumb and index finger of same hand||25%|
|Paralysis of one limb||50%|
|Paralysis of three limbs||75%|
ReliaStar Life does not pay benefits for loss directly or indirectly caused by any of the following:
You may maintain your HSBA–sponsored Group Accidental Death and Dismemberment Insurance coverage until age 80, as long as you remain an active member/employee, pay your premiums when due, and the Group Policy remains in force. Coverage for dependents terminates when they are no longer eligible because of age or change in your marital status.
If for any reason you are not completely satisfied with your terms of coverage after you receive your Certificate of Insurance, simply return it, provided no claims have been submitted or paid, within 30 days and your money will be refunded in full. No questions asked.
How does Accidental Death & Dismemberment (AD&D) work?
AD&D is insurance that pays if you die or are disabled as a result of injuries caused by a covered accident (this coverage does not pay benefits for sickness). A covered loss is one that is explicitly mentioned in the certificate as a basis for payment.
AD&D coverage generally features:
Who is eligible for AD&D insurance?
For all members under age 70, acceptance is automatic. There are no health questions asked … no physical exam required! Your spouse under age 70 and your unmarried dependent children (14 days to age 21 or 25 if student) are automatically eligible for coverage when you enroll. Employees of members and their dependents are also eligible for coverage.
This coverage is available only to residents of the United States. Product availability may vary by state.
When does AD&D insurance make sense?
You should consider AD&D insurance if you have loved ones whose security would be threatened if an accident took you suddenly or you could not earn an income due to a dismembering disability.
If you’re concerned about the possibility of an accidental death or dismemberment but do not want to purchase additional life insurance, AD&D can provide additional benefits for covered accidents.
How much AD&D insurance can I enroll for?
You can select benefit amounts from $25,000 to $500,000 (in increments of $25,000).
How does the HSBA Group AD&D plan compare with my other life and health insurance?
AD&D is a valuable insurance coverage that can help protect your family. However, since benefits are paid only in the event of a covered accident (or covered dismemberment), and not due to illness or other causes, it is generally recommended that AD&D be purchased to supplement other life or health insurance when possible, not used as a substitute for other coverage.
What if I have second thoughts after I enroll?
When you become insured, you will be sent a Certificate of Insurance summarizing your benefits under the Plan. If you are not completely satisfied with the terms of your Certificate of Insurance, you may return it, provided no claims have been submitted or paid, within 30 days. Your coverage will be invalidated, and you will be sent a full refund–no questions asked!