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Standard Life Disability Plan
Details
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Payable in addition to sick
leave
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Benefits payable regardless of
other insurance
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Weekends and holidays are
covered
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Benefits are paid directly to
you
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Benefits are tax free
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Maternity is covered as any
other sickness
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No change in premium due to age
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You may continue coverage if you
leave your Employer, provided you maintain continuous employment.
Accident & Sickness Protection
On or off the job, 24 hour a day
coverage. Income is provided when you are disabled due to a sickness or as a
result of an accident. Benefits begin on the first day if you are
disabled due to an accident. Benefits begin on the eighth day if
you are disabled due to sickness.
You can choose to insure up to 70%
of your gross monthly income, up to a maximum of $2,000.00 per month. Income
will be provided for the benefit period you choose up to 365 days.
Eligibility
These benefit plans are optional and all
full-time employees under 65 years of age may apply. The disability benefit is
for employees only. Applications for all participants will be
underwritten.
Policy Features
Disability Due to Pregnancy:
Benefits are covered provided conception occurs
after the effective date of the policy.
Limits and Exclusions:
Benefits will not be paid for any total disability which:
1) Occurs while the policy is not in force;
2) Does not require the regular care of a physician;
3) Is due to the use of intoxicants or narcotics, except on the
advice of a physician;
4) Is on account of intentional self-inflicted injury;
5) Is a result of mental or nervous disorders;
6) Results from armed conflicts;
7) Arises out of aviation, except scheduled passengers on
commercial airlines;
8) Results from traveling more than forty miles outside the US;
9) Results from the participation in a felony or working at an
illegal job.
10) Results from a pre-existing condition, as defined in the
policy.
Proof of Loss: You must give us written proof of loss
within ninety days after a period of disability for which we owe you
benefits. If you are not able to give us written proof of loss within
the time required, it will not have a bearing on your claim if proof is
given to us as soon as it is reasonably possible. In any event, proof must
be given no later than one year from the time specified.
This is a brief description of the important features of
your policy. This is not an insurance contract; therefore, it is important
that you read your policy carefully.
Standard Life Rates
Benefit Duration:
90 Days |
Benefit Duration:
180 Days |
Benefit Duration:
365 Days |
|
Monthly Benefit |
Monthly Premium |
Monthly Benefit |
Monthly Premium |
Monthly Benefit |
Monthly Premium |
|
$500 |
$11.25 |
$500 |
$17.50 |
$500 |
$22.50 |
|
$600 |
$13.50 |
$600 |
$21.00 |
$600 |
$27.00 |
|
$700 |
$15.75 |
$700 |
$24.50 |
$700 |
$31.50 |
|
$800 |
$18.00 |
$800 |
$28.00 |
$800 |
$36.00 |
|
$900 |
$20.25 |
$900 |
$31.50 |
$900 |
$40.50 |
|
$1,000 |
$22.50 |
$1,000 |
$35.00 |
$1,000 |
$45.00 |
|
$1,100 |
$24.75 |
$1,100 |
$38.50 |
$1,100 |
$49.50 |
|
$1,200 |
$27.00 |
$1,200 |
$42.00 |
$1,200 |
$54.00 |
|
$1,300 |
$29.25 |
$1,300 |
$45.50 |
$1,300 |
$58.50 |
|
$1,400 |
$31.50 |
$1,400 |
$49.00 |
$1,400 |
$63.00 |
|
$1,500 |
$33.75 |
$1,500 |
$52.50 |
$1,500 |
$67.50 |
|
$1,600 |
$36.00 |
$1,600 |
$56.00 |
$1,600 |
$72.00 |
|
$1,700 |
$38.25 |
$1,700 |
$59.50 |
$1,700 |
$76.50 |
|
$1,800 |
$40.50 |
$1,800 |
$63.00 |
$1,800 |
$81.00 |
|
$1,900 |
$42.75 |
$1,900 |
$66.50 |
$1,900 |
$85.50 |
|
$2,000 |
$45.00 |
$2,000 |
$70.00 |
$2,000 |
$90.00
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