This Income Insurance Protection Plan Works For You!
Eligibility
All active, dues paying members of NAIFA and their spouses who:
- Are under age 60;
- Reside in the United States;
- Are actively at work on a full-time basis (at least 30 hours per week);
- Have been working full-time for at least 30 days before his or her effective
date; and
- Spouse is not legally separated or divorced from the eligible member.
When a member and spouse are both eligible members, coverage may not be duplicated
by applying as dependents of each other.
Cost of Living Adjustment (COLA)
After the waiting period and one complete calendar year of total disability, the
net monthly benefit is increased 3%. Should the total disability continue,
benefit increases will take effect on each subsequent anniversary for a maximum
of five increases.
Waiver of Premium
If you become totally disabled, as defined by the group policy, and receive
monthly benefits for 6 consecutive months, the premium payment may be waived for
as long as the insured is disabled (provided the required proof is given). When
the insured stops receiving monthly benefits, premiums must again be paid when
due.
Rehabilitative Employment Benefit
The Rehabilitative Employment Benefit helps you rebuild your income as you return
to full-time employment. If you are Totally Disabled or Disabled and Working, we
will pay you a Monthly Benefit equal to Your Total Disability Monthly Benefit
less 50% of any income received from the Rehabilitative Employment. The sum of
the Monthly Benefit and total income received from Rehabilitative Employment may
not exceed 100% of Your Pre-disability Earnings. If this sum exceeds the
Pre-disability Earnings, the Monthly Benefit paid by us will be reduced by the
excess amount.
Survivor Income Benefit
If You were receiving a Monthly Disability Benefit at the time of Your death and
You had been receiving such benefits for at least 12 months, we will pay a
Survivor Income Benefit, which is equal to 75% of Your last Monthly Benefit
Amount for Total Disability paid to you. The Benefit is payable for 12 months.
Duration of Benefits
Benefits are paid depending on the plan chosen. If total disability begins before
age 60, benefits are paid for 2 years for Plan 1, 5 years for Plan 2, or to age
65 for Plan 3, as elected. If total disability begins between ages 60 and 67,
benefits are paid for 2 years, and up to age 70 if disability begins on age 68
or 69, regardless of plan selected.
All benefits will end on the date:
- The member fails to give required proof of continuing total disability;
- The member’s total disability ends;
- The member attains age 70;
- The maximum benefit period ends; or
- The member dies.
If the group policy ends while totally disabled, this will not act to end the
maximum benefit period.
For Medically Underwritten Policies Only
NOTICE OF INSURANCE INFORMATION PRACTICES
To properly underwrite and administer your application for insurance coverage, we
must collect certain information concerning your insurability. You are our most
important source of information, but we may also contact other sources such as
medical professionals and institutions, employers and other insurance companies.
While all information regarding your insurability will be treated as
confidential, in some situations, and in compliance with applicable law, we may
disclose necessary items of information to third parties without your specific
authorization.
INVESTIGATIVE CONSUMER REPORTS – NOT APPLICABLE TO RESIDENTS OF NEW YORK
As part of our procedure for processing your application, an investigative
consumer report may be prepared by an outside insurance reporting organization.
Personal information may be collected from others regarding your general
reputation and lifestyle. If an interview is conducted with someone other than
you, we will inform you of your right to be interviewed in connection with the
preparation of the investigative consumer report. You have the right to send a
written request within a reasonable period of time to receive additional
detailed information about the nature and scope of this investigation.
PERSONAL HISTORY INTERVIEW
To provide you, our client, with the best possible service, we may also conduct
what we call a personal history interview. This is a phone call placed from our
underwriting office. Its purpose is to make sure that the application
information is complete. Our interviewers are trained to conduct their calls in
a friendly, professional manner. The nature of the information discussed is
always treated as personal and confidential and will only be used to assess your
eligibility for insurance.
MEDICAL INFORMATION BUREAU (MIB) PRE-NOTICE
Information regarding your insurability will be treated as confidential. Hartford
Life Insurance Company or Hartford Life and Accident Insurance Company or its
reinsurer(s) may, however, make a brief report thereon to the MIB, Inc.,
formerly known as Medical Information Bureau, a not-for-profit membership
organization of insurance companies, which operates an information exchange on
behalf of its members. If you apply to another MIB member company for life or
health insurance coverage, or a claim for benefits is submitted to such a
company, MIB, upon request, will supply such company, with the information about
you in its file. Upon receipt of a request from you, MIB will arrange disclosure
of any information in your file. Please contact MIB at (866) 692-6901 (TTY (866)
346-3642). If you question the accuracy of the information in MIB's file, you
may contact MIB and seek a correction in accordance with the procedures set
forth in the Federal Fair Credit Reporting Act. The address of MIB's information
office is 50 Braintree Hill Park, Suite Model 400, Braintree, Massachusetts
02184-8734. Hartford Life Insurance Company, Hartford Life and Accident
Insurance Company, or their reinsurers, may also release information from their
files to other insurance companies to whom you may apply for life or health
insurance, or to whom a claim for benefits may be submitted. Information for
consumers about MIB may be obtained on its website at www.mib.com.
ACCESS, CORRECTION AND DISCLOSURE
You can obtain access to personal information about you contained in our policy
files by sending us a written request. You may also request any necessary
corrections, amendments or deletion of any information in our files which you
believe to be inaccurate or irrelevant. Hartford Life Insurance Company or
Hartford Life and Accident Insurance Company or its reinsurer(s) may release
information in their files to other life insurance companies to whom you may
apply for life or health insurance, or to whom a claim for benefits may be
submitted. Also, please be advised that personal and confidential information
collected by us may, in certain circumstances, be disclosed to third parties
without authorization. A notice providing further description of the
circumstances under which information about you may be disclosed and the types
of persons and organizations to whom it may be disclosed will be sent to you
upon your written request. If you desire further information or access to your
personal information, please send your written request to: Hartford Life
Insurance Company or Hartford Life and Accident Insurance Company, 200 Hopmeadow
St., Simsbury, CT 06089. PA-9369
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