NTEU members enjoy special group rates for
essential insurance programs. Get the protection you need, at a rate
you can afford on:
Short-Term
Disability, Accident, Cancer, Universal Life
from Colonial Life & Accident Insurance Company
While you probably have health
insurance, that coverage might not pay for the indirect costs of
accidents, sicknesses and hospitalization – the costs no one thinks
about until they become a reality. Colonial offers supplemental
products that can help fill the gaps left by health insurance, with
premiums paid through convenient payroll deductions.
Short-Term Disability Insurance – helps offset the
financial losses that occur when an employee is unable to work.
Cancer Insurance – Helps protect you against the
out-of-pocket medical and indirect, non-medical expenses related to
cancer diagnosis and treatment.*
NEW!
Critical Illness Insurance (with Optional Cancer coverage) –
complements your major medical coverage by providing a lump-sum
benefit you can use to help pay the direct and indirect costs related
to covered critical illness.*
NEW!
Hospital Confinement Indemnity Insurance – Provides a
lump-sum benefit for a covered hospital confinement and a covered
outpatient surgery to help offset the gaps cased by copayments and
deductibles in most major medical plans.
Accident Insurance – Helps offset the unexpected
medical expenses, such as emergency room fees, deductibles and
copayments that can result from a covered accident.
Universal Life Insurance – Provides death benefits
coverage that you can increase or decrease as your needs change. The
policy builds cash value on a tax-deferred basis at current interest
rates and has flexible premium payments and coverage amounts.
*There are two ways to purchase
cancer coverage – as a critical illness policy with cancer coverage,
or as a stand-alone cancer policy that does not cover other critical
illnesses. Please review fully with your Colonial representative the
specific benefits of each, when making your decision.
Similar products are available in the State of New York through the
Colonial Supplemental Insurance Division of the Paul Revere Life
Insurance Company. For more specific information about New York, visit
their
web site.
For more information, visit Colonial’s
web site or contact your local NTEU chapter office to schedule a
meeting with a Colonial or Paul Revere representative, who will
explain the details of the policies including the limitations and
exclusions that may affect benefits payable.
Colonial Supplemental Insurance products are
underwritten by:
Colonial Life & Accident Insurance Company
1200 Colonial Life Boulevard
Columbia, South Carolina 29210
www.coloniallife.com
©2006 Colonial Life & Accident Insurance Company.
Colonial Supplemental Insurance is the marketing brand of Colonial
Life & Accident Insurance Company. “Colonial Supplemental Insurance,”
“for what happens next” and the logo, separately and in combination,
are registered service marks of Colonial Life & Accident Insurance
Company. All rights reserved.
Professional Liability Insurance
Professional liability insurance is available to
NTEU members to help protect them while performing their official
duties! In partnership with The Insurance Exchange, the program offers
the following benefits:
DAMAGES
The policy will pay all sums up to one million dollars ($1,000,000),
which you are obligated to pay as damage in suits based on acts,
errors, or omissions committed in the performance of official duties.
ADMINISTRATIVE EXPENSE COVERAGE
The insurance company will provide counsel and pay cost of defense and
monetary penalties arising out of disciplinary proceedings (including
investigations) and judicial sanctions (monetary penalties imposed by
any adjudicatory body as a result of error act or omission). Up to
$100,000 annually is available for these expenses.
Coverages are provided by an AM Best “A” rated company and are
summarized and subject to the terms, conditions and exclusions printed
in the policy. Please refer to the policy form for specifics on
coverages and limits. NTEU is in no way responsible for any such
matters.
ANNUAL PREMIUMS
Premiums are graduated based on member's grade. The premiums are
significantly less that the other professional liability insurance
product that is available to federal employees. The annual premium of
this product ranges from $51 plus tax for a GS-4 to $252 plus tax for
a GS-15.
To find out more information, see policy
language on the
The Insurance Exchange’s web site. To download an application,
click here.
Accidental Death
and Dismemberment Insurance
You can't always protect yourself from
accidents. But with FlexCare Accidental Death and Dismemberment
Insurance through Mutual of Omaha, you can protect yourself from some
of the costs.
FlexCare AD&D Insurance offers this three-way
protection: accidental death benefit, payable regardless of other
insurance coverage; dismemberment benefits, covering certain losses
due to an accident; and disability benefits for covered persons who
are unable to work when an accident results in total and permanent
disability within 30 days after the accident and before you reach age
60.
Benefits: Select $10,000 to $100,000 in
benefits.
Premiums: Range from $5.40 to $72.00
annually.
To request a brochure and application,
Click Here and provide your name and mailing address.
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Long-Term Care
The NTEU Long-Term Care plan through Mutual of
Omaha includes skilled, intermediate, and custodial care in a nursing
facility. The plan also covers non-confinement services such as adult
care, home health care, and respite care. Members, spouses, parents,
and parents-in-law under age 80 (when coverage is approved and
effective) are eligible to apply. Premiums are payable via payroll
deduction for members and spouses. Quarterly billing also is
available.
To download a brochure and application,
click here. |
