DISABILITY INSURANCE
You insure your car, your house, even your life. But what about your income?
Disabling accidents and illnesses happen. When you are unable to work, you can expect to stop receiving your paycheck. And if you have little or no savings available, that loss of income can very quickly begin to affect your family’s finances. The Family Security Plan® Disability Insurance helps provide you with a financial safety net as you recover.
How does Disability Insurance work?
When you become unable to work due to illness or injury, Disability Insurance provides benefits that replace part of your lost income. With affordable Disability Insurance, you will get tax free income, paid directly to you monthly, allowing you to go live life with some peace of mind.1
Plan today for tomorrow with these Disability Insurance benefits:2
Elimination Period
When you sign up, you can choose a period of either 14 or 30 days of disability before you receive benefits. Once your Elimination Period is over and your claim has been approved, benefits begin.
Maximum Benefit Period
You choose either 12 or 24 months in which benefit payments may be sent directly to you. This Period begins upon completion of your Elimination Period.
Monthly Benefit Amount
The monthly benefit amount is up to 40% of your monthly gross income (maximum of $5,000 per month).
Accidental Death Benefit
Additional benefit of $1,000 is available to your beneficiary due to an accidental death.
The Family Security Plan® Disability Insurance Features
Immediate Coverage
Your coverage becomes effective as soon as your eligibility requirements are met, you have authorized payment and your application is signed.
Monthly Payment Benefits
Monthly benefits are payable if you are disabled and unable to perform all the substantial and material duties of your job.3
Additional Coverage
Your coverage includes benefits payable for sickness and accidents that are not covered by Worker’s Compensation.
Convenient Premium Payments
There are no bills to watch for or checks to mail. Premiums are conveniently paid automatically from the financial institution of your choice.
Pregnancy Complications
Disability caused by complications of pregnancy are covered the same as any other illness. A complicated pregnancy could include non-elective cesarean section or other conditions requiring a hospital stay. Please refer to your policy for specific details.
Guaranteed Renewable
Your coverage can be renewed until the age of 72.
Full Portability
You can keep your coverage even if you change jobs or retire.
Waiver of Premium
If you are still disabled 14 days after your elimination period has been satisfied, no premiums are due for the remainder of the benefit period, or until you are no longer disabled, whichever is sooner.
ELIGIBILITY, EXCLUSIONS AND PRE-EXISTING CONDITIONS
Disability Insurance
Eligibilities
You must work at least 30 hours a week
Issue ages: 18-63 years
Simplified application process
Exclusions
This policy will NOT pay for Total Disability resulting from:
Normal pregnancy or childbirth;
Intentional self-inflicted injury;
Cosmetic surgery, except for reconstructive surgery needed as the result of an injury,*
Mental illness without demonstrable organic cause; or
Total Disability resulting from an injury or sickness for which benefits are received under any state or federal workers' compensation or occupational disease law.
Pre-Existing Conditions
A pre-existing condition is a condition for which a covered person received medical advice or treatment within 12 months immediately prior to the Policy Effective Date.
No benefits will be payable under this policy for the first 12 months from the effective date if you become totally disabled because of a pre-existing condition. At the end of such 12-month period, Combined Insurance will pay Total Disability benefits described under this policy.
* In Pennsylvania except for reconstructive surgery as the result of an injury or sickness. In Virginia, cosmetic surgery or other elective procedures; cosmetic surgery does not include reconstructive surgery when it is incidental to or follows surgery resulting from trauma, infection or other diseases of the involved part provided such are caused by a covered accident or sickness.
LEARN MORE ABOUT OUR DISABILITY INSURANCE.
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1 Under current tax laws when entire premium is paid by the insured. Please consult your tax advisor.
2 Rates are based on your occupation and your age at time of application.
3 In Louisiana, benefits are payable for your disability if you are unable to be employed at any occupation for which you are qualified.
Insurance product not available in all states. This is a supplement to health insurance and is not a substitute for basic hospital, basic medical or major medical insurance. Schmitt-Sussman Enterprises, Inc. dba PFP, NPN #953614
