We're not gonna make it... | I don't feel well... | Pink Slip..oh no! | We have an accord! | No Whammies! |
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What is the maximum $ amount that Life will cancel in the event you pass away and your under the age of 70?
$100,000
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What is the waiting period for Disability coverage?
14 days
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What is the waiting period of Involuntary Unemployment prior to benefits starting to become paid?
14 days
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What is the name of the internal document that can be used to help guide your conversations surrounding debt protection?
Product Sheet
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What is the maximum amount of money that can be paid out with Graded Benefits?
$25,000
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What is vesting period time for LifePlus events?
3 months
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What are the maximum benefits ($ or Time) for Disability?
24 months/$24,000
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What is the vesting period for Involuntary Unemployment?
3 months
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What is the document the member's sign to either accept or decline the Protection?
Member Agreement
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What is considered recurring event?
Same disability happening with 12 months of each other
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When does life coverage take into effect of LifePlus?
Date of signing/Immediately
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What are the minimum amount of hours per week does a person need to have been working to qualify for Disability coverage?
25 hours per week
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What is the maximum benefit ($ and time) for Involuntary Unemployment?
6 months up to $6,000
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What is the length of the Free-Look period?
30 days
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How many days are needed for Co-op to officially cancel coverage when it is requested?
5 days
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What are 2 of the 5 PLUS events?
Terminal Illness, Accidental Dismemberment, Hospitalization, Family Medical Leave, Loss of Life of a Non-Protected Dependent
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What changes in the description of "Total Disability" in the event you are disabled for longer than 12 months?
Changes from YOUR occupation to ANY occupation
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How many hours per week does a person need to have been working prior in order to be eligible for Involuntary Unemployment?
25 hours per week
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What happens if a member is more than 90 days late on their loan payments?
Termination of coverage
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How many times can you claim a Life Plus event in a 12 month period?
One
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What are 3 of the 6 Non-Protected Events that ALL options for Debt Protection have?
Felony, Atomic/Nuclear Explosion, Elective Cosmetic Surgery, Self-Inflicted injury, Assisted Suicide or Prior to Protection
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What are the two non-protected events for disability coverage?
Pre-existing condition, normal pregnancy
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Besides the waiting period, what are the other 3 qualifications for being able to file for Involuntary Unemployment?
Actively seeking a job and Receiving State Unemployment benefits and Providing the Proof of Qualification for coverage
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What is the name of the Formal document that you need to fill out and sign if you are wanting to terminate coverage?
Subsequent Action Form
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What is the Percentage of your original wages that you cannot be earning if you want to claim disability?
80%
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