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 Hagan Benefits, Inc. / Serving Associations / ACEP Products  Long Term Care Insurance Make Sure Your Long Term Care Insurance Fits Your Growing Needs Long term care insurance is an important part of a good financial plan because long term care needs can be extremely expensive and may occur at any age. New tax laws and tax-qualified plans help make long term care insurance more attractive and affordable. Benefits The high cost of long-term care is a serious threat to the financial security of millions of Americans. Long-term care is the type of care you would require if you needed help with basic activities of daily living such as bathing, dressing or eating. The average annual cost of a nursing home stay today can be between $40,000 in some regions to $80,000 and more in other regions. As one step in addressing these concerns, we have arranged for the availability of individual long-term care insurance at a special premium discount through several insurance carriers. The benefits to you include:
Long Term Care Insurance policies are guaranteed renewable, meaning that the companies cannot increase premiums for a plan unless they are increased for all and policies cannot be cancelled. Apply now for long term coverage Participation in this program and choice of benefits is obviously a matter of personal choice. If you wish to consider purchasing long term care insurance, please take a few moments and contact the long term care insurance specialist at Hagan Benefits to develop a plan specifically for you: 1-800-456-0737. Group Life Make Sure Your Life Insurance Fits Your Growing Needs Nothing can replace the loss of a loved one, but carefully chosen life insurance coverage can ease the financial stress that death brings to a family. As your financial responsibilities increase, you should ensure that your life insurance will be able to meet the added expenses. Benefits Planning ahead often spells the difference between success and failure. When it comes to your family's security, that means adequate life insurance protection. Now is a good time to review your life protection and make sure it has kept pace with inflation and your changing needs. This excellent program offers coverage to you and your family. Employees of members are also eligible to apply for coverage. Benefits include:
Acceptance into this plan is subject to medical evidence of insurability as determined by Hartford Life. Depending on your age, the amount of coverage you request and your answers on the application, a medical examination, medical test(s) or other evidence of good health may be required. Any exams/tests requested by the company will be conducted at your convenience and at no expense to you. The life benefit will be paid for death occurring at any time, any place, from any cause, except suicide during the first two years (we will refund the entire premium paid to date if suicide is committed during the first two years). Life benefits are paid to the beneficiary you designate. Living Benefits Option ("Accelerated Benefit") Facing a terminal illness is a critical time for anyone, both emotionally and financially. Most people have friends or family for emotional support, but where do they turn for financial assistance? Hartford Life's Living Benefits Option may relieve some of the financial burdens associated with a terminal illness. This benefit allows you (and your spouse if covered) a one time option to receive up to 50% of the term life insurance proceeds, from $12,500 to a maximum of $500,000, upon being diagnosed by a physician as having twelve months or less to live as long as you are under age 70. Life proceeds can be distributed after a request and due proof have been received following a waiting period of 180 days. For example, if you're covered for $100,000 under the Term Life Plan and you become terminally ill, you may request an amount between $10,000 and $50,000. However, if you select $20,000 now, you may not request the remaining $30,000 in the future. The funds are received in a lump sum payment without restriction on how you can use them. The face amount of your term life policy is then reduced by the accelerated benefit amount paid out. Individuals should consult their personal tax advisor since the proceeds under this benefit may be taxable. Eligibility All active members of the American College of Emergency Physicians in good standing under age 60 who can provide acceptable evidence of insurability are eligible to apply for coverage. All spouses of members under age 60 who can provide acceptable evidence of insurability are also eligible to apply. Unmarried, dependent children of members who rely on those members for support, from age 15 days to 19 years (25 if a full-time student), are eligible for coverage as well. All full-time employees of members (working at least 30 hours per week) under age 60 are also eligible to apply for coverage. When both spouses are eligible members, each may apply for coverage as "members"; however, coverage may not be duplicated by applying as dependents of each other. Coverage for eligible children may only be requested by one member. Coverage Effective Date Your insurance will become effective on the first day of the month following the date that the Company approved your application and your premium is paid. Dependents' coverage begins the date you become covered or the first day of the month following approval to add such dependent, whichever date is later, and provided the required premium is paid. A member or spouse must be able to perform the normal activities of a person of like age and sex in good health on the date his or her insurance is to take effect. If such is not the case, their insurance will take effect on the day the person resumes such activities. Employees of members must be actively at work* on the day their coverage becomes effective. If not, their effective date will be postponed until the first day the employee resumes full time work. *Actively-at-work means a person who is performing all the regular duties of his or her occupation on a full-time basis (at least 30 hours per week) at his or her customary place of employment. Termination Your coverage will remain in force as long as you pay your premiums when due, remain an active member of the American College of Emergency Physicians, you are under age 70, and the program remains in force. Dependents' coverage terminates if your coverage terminates, premiums are not paid when due or such person ceases to be an eligible dependent. Premium Non-smoker and smoker rates are available. A smoker is defined as a person who has smoked cigarettes, cigars or used a pipe or chewing tobacco, nicotine chewing gum or snuff during the 12 months prior to the date he or she applied for coverage. A discount is also available if you purchase a benefit of $100,000 or more.
Rates are based on the attained age of the Insured Person and increase as you enter each new age category. Premiums are based on each person's age at date of issue and change on the renewal dates occurring on, or the next following the date a person covered under the program attains ages 30, 35, 40, 45, 50, 55, 60 and 65. The Company reserves the right to change premiums and rates may be changed on a class basis. Disability Insurance Protect Your Most Valuable Asset: Your Ability to Earn a Living An injury or illness that results in disability could keep you from working for months. Your major medical insurance would cover much of your hospital and physician expenses, but how would you replace your income? Disability income insurance can help protect your home, your children's education and the assets for which you've worked so hard. Benefits Thanks to your membership in the American College of Emergency Physicians, you now have the opportunity to apply for a comprehensive disability income protection plan from Hartford Life at reasonable group rates. Disability Income Protection will partially replace your income if you're sick or injured and can't work - up to $10,000 per month! Your plan will provide you with these valuable benefits:
How would you continue to pay your bills if you suddenly became too sick or too hurt to work? Without an income, years of hard-earned savings could evaporate in a matter of months, even weeks. That unpleasant thought is a reality that every breadwinner should consider. The odds of becoming disabled are probably much greater than you think: In 1995, 120,000,000 workdays were lost because of work injuries.* In 1994, there were 8.4 injuries and illnesses for every 100 workers in the private sector. This represents 6.8 million men and women.** *National Safety Council, Accident Facts 1996 Edition **National Safety Council, Accident Facts 1996 Edition Apply now for disability coverage Most people wouldn't dream of leaving their home, cars, boats or other valuables uninsured, but few think to insure their loss of income. It's too late to do anything about it once you've become disabled. That's why it's so important to safeguard your income now - while you're healthy and active. Privacy Policy Legal Notice Emergency Medical Services Medical Directors Professional Liability Insurance
Click here to print out an application  Medical Directors Professional Liability Insurance Application Acrobat PDFFor more information and to discuss all the benefits of this program please call: Thomas James 1-866-577-7833 or 505-899-2068 Hagan Benefits, Inc. 1-800-456-0737 |
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Hagan Benefits, Inc. 1741 S. Cleveland Ave, Suite 200 P.O. Box 5090 Sioux Falls, SD 57117-5090 Email: info@hagangroup.com | Home | Company | Services | FAQs | Resources | Contact |