Single Premium
What is the pre-existing condition clause for SP?
6x6
What is the life limit for the LOC/OB insurance?
$100,000 LOC and $1,000,000 OB
What are the 3 major illnesses covered by Critical Illness?
What are the maximum benefit amounts depending on the age of the member?
ages 18-65 $1,000,000
ages 66-69 $500,000
What is the email address for sending new applications?
What is the Single Premium disability maximum?
$3,000
What is the disability limit for LOC/OB insurance?
3% of the balance up to $3,000 for LOC and $6,000 for OB
What is the claims benefit period for IUI?
6 months
Mortgage insurance premiums can be paid bi-weekly or monthly - True or False?
What other forms besides cover letter & application need to be sent to CPL?
PAD, Optional Credit Disclosure, supplemental health questionnaire
What is the benefit period for disability coverage?
120 months or 10 years
What is the maximum number of disability benefit payments for LOC/OB?
24 months LOC and 60 months OB
What is ADB?
What is the waiting period for mortgage disability?
60 days
Where can you find a PAD form?
LMS and SASA
What is the minimum coverage amount for SP insurance?
The eligibility and termination ages are the same for LOC and OB, True or False
True 18-69
Can you purchase CI, ADB and IUI on their own? True or False
False - CI, ADB & IUI are riders and require life to be purchased
What is the benefit period for a disability claim?
What is the additional form required when ADB is purchased?
Beneficiary form
SP insurance rates are based on age and smoking status, True or False
OB has health questions no matter what the limit is, True or False?
What is the age maximum that you can purchase CI?
55 yrs of age
What is the minimum amount of life and disability coverage?
minimum life $20,000 and dis $200