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Disability Income Protection
| Disability Income Insurance provides a convenient affordable way to ensure a member's income will continue if they were suddenly unable to work due to a disabling injury or illness. The Family Security Plan® Disability Income Protection* is a valuable source of financial security for members and their families. *Policy Form #SMD-486 - underwritten by Trustmark Insurance Company, Lake Forest, Illinois |
Highlights
- Eligibility
Working credit union members age 18 - 59 years.
- Monthly Benefits
Member selects the amount best for them. Monthly benefits available from $400-$2000 ($3000 in NY), subject to income requirements.
- Benefit Period
Benefits are payable after 30 days (or 14 days in NY) of disability and can continue up to two full years, tax free.
- Accidental Death Benefit
$1,000 accidental death benefit is payable for death resulting directly from an accident before age 65.
- Waiver of Premium
No premium payments will be required if a member becomes totally disabled for 90 consecutive days before age 65 (Not applicable in NY).
- Pre-existing Conditions
Covered twelve months from application date.
- Convenience
Premiums paid through payroll deduction.
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