Riders
ISTD300: True or False - the Health Screening Rider covers 24 health screen tests
True
Monthly disability benefits are up to ________% of income from $400 to $6,500
60%
True or False: The Accident plan is an indemnity-based plan, meaning it pays a lump sum & daily hospital benefits for injuries from an accident
True
ISTD3000: What does the First Day Hospital Benefit do?
Waives elimination period, or portion, if insured is hospitalized and has elimination period of less than 30 days
True or False: Seasonal & temporary employees are eligible for ISTD3000 & IAC4000
False - seasonal and temporary employees not eligible
IAC4000: Who is available for coverage for the three riders?
empoyee, spouse, and children
What is the minimum number of hours an employee must work per week to qualify?
20 hours per week
What are the 3 levels of benefits?
Basic, Preferred, Premier
IAC4000: For the active lifestyle benefit, the base plan will provide a _____% benefit boost to specific benefits
20%
What is the Direct commission rate for Accident/Disability?
17.5%
ISTD3000: Which disability rider gives employees the ability to get an additional $100 or $200 of coverage on a guaranteed issue basis at a subsequent enrollment?
Additional Disability Benefit Rider
For On/Off Job coverage, what percent of off-job benefit amount does the on-job benefit pay?
50%
There are over 40 benefits covered, name one:
x-rays, ptsd, telemedicine, etc
IAC3000: Why would an employer select the First Day Hospital Benefit?
if they don't think medical coverage would be enough to cover hospital costs for employee, which would adversely affect the employee
True or False: For ISTD3000 and IAC4000, both spouses and children are eligible
False: spouses and children not eligible for ISTD3000
sickness only hospital confinement, sickness only hospital confinement w. sickness only hospital admission, and specific critical illness (non-cancer)
True of False: Premiums are age-banded, therefore, premiums will increase as the policyholder ages
Fales: Rates are based on the issue age and are level therefore they do NOT increase as the policyholder ages
What is the minimum number of hours an employee must work per week to qualify?
15
IAC4000: What is the wellbeing assistance benefit?
reimbursement for getting a wellness test done
What does composite rates mean?
Premiums are same rate regardless of risk class or age
ISTD3000: How much does the health screening rider pay out?
$50
How many benefit periods can an employer select per account?
4
What are the coverage types? (Hint: employee & spouse)
Employee; spouse; employee & spouse; one-parent family; two-parent family
$1,000 or $5,000
Geographic limitations will provide coverage worldwide for up to how many days?
60