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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
underwritten by ACE American Insurance Company.
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):
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Loss
of life...................................................... |
$2,000
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Loss
of entire sight in one eye.......................... |
$1,000 |
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Loss
of two members(hand, foot or eye)............ |
$2,000 |
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Loss
of one hand or foot................................... |
$1,000 |
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Loss
of speech and hearing.............................. |
$2,000 |
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Loss
of speech or hearing................................ |
$1,000 |
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Loss
of entire sight in both eyes....................... |
$2,000
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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 or
EOB call 1-800-346-8664.
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