Policy Terms
When you are unable to perform the material and Substantial duties of your regular occupation
What is Disability
Benefits are paid based on these types.
What are C-section and normal delivery?
This plan is also the first 3 letters of the alphabet.
What is ABC plan?
The policy calls it a monthly indemnity, but customers know it as.
What is Monthly Benefit?
This occurs when you are out on Disability for greater than 6 months.
What is Long Term Disability?
Describes how the policy provides benefits
What is the schedule of benefits?
6 weeks or 42 days is the benefit pay out.
What is a normal delivery?
This plan is technically the first and third letter of its sister plan but is called the first and second letter of the alphabet.
What is AB Plan?
These are our two niche markets.
What is AFES and AWD?
This agreement ensures that the customer is not over-paid.
What is Reimbursement agreement?
The procedures are done by choice, so they are not covered under the policy.
What are Elective Procedures?
8 weeks or 56 days is the benefit pay out.
What is a C-Section/Caesarean section?
This is used to isolate numbers and characters, but it is also used to determine salaries.
What is a bracket?
This benefit is defined as 10% or $100 whichever is greater.
What is minimum benefit?
The process creates financial security in the event something happens to AF.
What is Reserves?
This Section decides how Uncle Sam gets his money.
What is Section 125?
This processing method is used when the claim is for delivery only.
What is a Quick Claim?
This benefit is paid when the customer meets the elimination period before going out on summer break.
Summer Benefit
Monthly benefit/30=Date Rate
What is general calculation?
This is the amount of time passed before Long Term kicks in.
What is 6 months?
This clause allows customers to have their premiums waived after a defined amount of time in the policy.
What is Waiver of Premium?
This process occurs when going out more than 4 weeks before delivery.
What is Disability?
This benefit is paid when it is lesser of 75% of Regular Daily Cpntract Salary or $30.00 per day.
What is Minimum Benefit?
This plan prevents customers from being over-insured.
What is Plan reduction?
When in Long Term we require claim forms every?
What is 6 months?