As
a member of the Credit Union age 18 or older, you are eligible for
$2,000 Accidental Death & Dismemberment Insurance. Premiums
for this basic coverage will be paid by your credit union. Coverage
is provided to all members at no cost. In order to put your
coverage in force, you must complete a form provided by the credit
union which can obtained at the credit union office or by calling
1-800-252-2148 and ask for the Insurance Desk. At the age of 70
coverage is reduced to $1,000.
There is a new
enrollment opportunity if members want additional benefits for an
extra charge, and premiums are deducted from their share accounts
quarterly.
This summary explains in general terms the insurance described,
but in no way changes or affects the insurance afforded under such
Policy as actually issued. All coverages are subject to actual Policy
conditions and exclusions. Each member participating in the plan
will receive a Certificate of Insurance describing the exact coverage
and benefits provided. The insurance is provided under Policy Series
6363.
Coverage
Provided
When
covered injury results in any of the following losses within one
year from the date of the accident, the Company will provide, in
one sum, the following amounts (reduced 50% at age 70):
| |
Loss of
life |
$2,000 |
| |
Loss of
entire sight in one eye |
$1,000 |
| |
Loss of
two members(hand, foot or eye) |
$2,000 |
| |
Loss of
one hand or foot |
$1,000 |
| |
Loss of
speech and hearing |
$2,000 |
| |
Loss of
speech or hearing |
$1,000 |
| |
Loss of
entire sight in both eyes |
$2,000 |
| |
Loss of
thumb and index finger on same hand |
$500 |
The
loss of a hand or foot means complete severance through or above
the wrist or ankle joint; for thumb or index finger, it means complete
severance through or above the metacarpophalangeal joints.
The loss of sight of eye means irrecoverable loss of entire sight.
The loss of speech means complete and irrecoverable loss thereof;
for hearing it means complete and irrecoverable loss of hearing
in both ears.
Who
Is Eligible
All
members of the Credit Union age 18 or over when applying are eligible
for coverage. Every member of the Credit Union age 18 or over
who completes and returns an enrollment form will be accepted.
Individual
Terminations
As
long as you remain a member of the Credit Union and the Master Policy
remains in force, your coverage will be renewed. The Group
Master Policy is renewable annually.
General
Exclusions
The
Master Policy does not cover any loss caused by or resulting from;
suicide or self-destruction or any attempt thereat; declared war
or any act of war; alcohol intoxication (does not apply in Minnesota)
or being under the influence of any narcotic, drug or sedative,
unless administered on the advice of a Physician (does not apply
in Michigan); committing or attempting a felony or illegal act;
riding in any aircraft or device for aerial navigation except as
a passenger for transportation only (not as a pilot or crew member)
in an aircraft certified as airworthy by the appropriate authority
of the country of its registry.
To enroll contact us. For
EOB call 1-800-252-2148
|
