|
 
Optional
Children's Term Life Coverage
USBA
Children's Coverage is low-cost term insurance designed to protect
your eligible children (unmarried children age 14 days through 22
years) who are not eligible for USBA Membership. Stepchildren must
be dependent on the member for over 50% of their support. If both
parents are insured with USBA coverage, only one parent may request
Children's Coverage.
Each $50,000 of USBA TWO for ONE coverage which you request allows you to apply for two units of Children's Coverage. The maximum is four units.*
The
monthly premium is just $1.50 per unit--and each unit covers all
of your eligible children. In other words, the number of units determines
only the amount of insurance on each child--not the number of children
insured.
Children's
coverage can continue as long as premiums are paid when due, you
continue to be insured under a USBA-sponsored Group Life Plan, and
the children remain eligible.
Each
Unit Insures All Eligible Dependent Children By Age
| 14
days to 6 months |
$1,000
per child |
| 6
months to 2 years |
$2,000
per child |
| 2
years to 3 years |
$4,000
per child |
| 3
years thru 22 years |
$5,000
per child |
Optional
AD&D Coverage
You
can add $40,000 of Accidental Death and Dismemberment (AD&D) to
your USBA-sponsored Group Life coverage for $2.00 per month. This
optional coverage is available to Members and Spouses.
AD&D
Benefit - The full coverage amount--$40,000--is payable for
accidental loss of life, the loss of both hands or feet, the sight
of both eyes, or any two of the preceding. Half the coverage amount--$20,000--is
payable for the loss of one hand or foot or the sight of one eye.
The
loss must be the direct result of a covered accident that occurs
while coverage is in force and within 90 days of the accident. Loss
of a hand or foot means severance at or above the wrist or ankle.
Loss of sight means its total and permanent loss. No more than $40,000
will be paid for all losses from any one accident.
AD&D
coverage ends on the June 1st following the insured's 66th birthday
or earlier if the insured ceases to be insured under a USBA-sponsored
Group Life Plan.
Exclusions
- AD&D benefits are not provided for losses due to air travel, unless
the insured is riding solely as a passenger. Other exclusions include
losses due to war; insurrection; riot; terrorist activity; commission
of a felony or assault; illegal use of drugs, hallucinogens, etc.;
use of alcohol; sickness or disease or its medical or surgical treatment;
intentionally self-inflicted injuries; or suicide. AD&D benefits
may not be denied due to suicide if insane, unless it can be shown
that the insured intended to commit suicide at the time coverage
was requested.
|
