Hagan Benefits Inc.

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Hagan Benefits, Inc. / Serving Associations / SBSD FAQs

Group Life FAQs

Q: What kind of life policy is this?
A: It is a term life policy.

Q: Are the premiums level?
A: The premiums are level for five years and will change at the 0 and 5 birthdays (example, 30, 35, 40, 45, 50, etc.)

Q: Can I purchase this on my family?
A: Yes, you can purchase coverage on your spouse for up to $300,000, and $10,000 on your dependent children

Q: Do I need to name my spouse as beneficiary?
A: No, you may select anyone as a beneficiary.

Q: Do I need to be a SBSD member to enroll?
A: Yes, you must be and remain a SBSD member to continue coverage.

Q: When applying for coverage, will I need to get a physical?
A: Blood and urine tests may be requested along with medical records and an attending physicians statement (APS).

Q: What premium modes can I select from?
A: We offer Direct monthly ACH, Monthly, Quarterly, Semi-Annual and Annual.

Q: How will my beneficiary make a claim on this policy?
A: Claims can be made by calling Hagan Benefits. At that point, we will mail all of the appropriate claim forms immediately.

Q: What forms must a beneficiary complete to receive the insurance benefit?
A: The forms include a general claim form for the beneficiary, an attending physician statement, and a request for a certified death certificate.

Disability FAQs

Q: Is this coverage own-occupation specific?
A: Yes, for up to 2 years

Q: Do I need to be a SBSD member to enroll?
A: Yes, you must be and remain a SBSD member to continue coverage.

Q: What premium modes can I select from?
A: We offer Direct monthly ACH, Monthly, Quarterly, Semi-Annual and Annual.

Q: Are the premiums level?
A: The premiums are level for five years and will change at the 0 and 5 birthdays (example, 35, 40, 45, 50, etc.)

Q: When applying for coverage will I need to get a physical?
A: Blood and urine tests may be requested along with an attending physician statement (APS), and medical records.

Q: If I go on disability, when does the waiver of premium begin?
A: Future premiums will be waived for as long as benefits are payable after you have been disabled for six months.

Q: What is involved in submitting a claim?
A: Please contact Hagan Benefits and a claim form will be mailed to you immediately. Once the form is completed, return to Hagan Benefits and a claim representative from Hartford Insurance will be assigned.

Q: What’s covered?
A: This plan covers most disabilities due to accidental injuries, sickness or disease. To qualify for benefits, a period of Total Disability must begin while you are covered under this policy and you are under the regular care of a physician for that condition. See your Certificate for a full description of these benefits.

Q: Who’s eligible:
A: As a member of the State Bar of South Dakota, you’re eligible to apply for coverage. Applicants must be under age 60, Actively-at-Work at the time of application, and reside within the United States. Actively-at-Work is defined as working full-time (at least 30 hours per week).

Q: When will my coverage become effective:
A: Your coverage will become effective on the first day of the month immediately following the date your application is approved by Hartford Insurance, provided you are actively at work and your premium payment has been received. If you are not actively at work on that date, your effective date will be postponed until you are actively at work for 90 consecutive days.

Q: Can my coverage be cancelled?
A: Your coverage can only be cancelled if the Master Policy is cancelled; you cease to be an active member; reach age 65; cease to be Actively-At-Work, except due to disability covered by the policy; fail to pay your premium when due; or with respect to an employee, the date he or she is no longer employed by the member of the Policyholder.

Q: What are the benefit and waiting periods?
A: You can receive benefits To Age 65. The choise is yours to apply for monthly benefits in $100 increments from $200 up to $10,000 a month. See the Benefit Worksheet to calculate the amount of disability income insurance you’re eligible to purchase.

Long Term Care Insurance FAQs

Q: Who needs long term care insurance?
A: Most people believe that they are covered for nursing care expenses. The fact is, Medicare, Medicare Supplement Insurance, and most medical insurance plans will not pay for most long-term care expenses. Participation in this program is obviously a matter of personal choice. Be assured, you are under no obligation.

Q: Who is eligible?
A: Members and employees of members of the State Bar of South Dakota are eligible to purchase Long Term Care Insurance through this program. Eligibility is extended to spouses, parents, grandparents, children and grandchildren. The program provides for a discount in premium. There may be an additional premium discount available for married individuals.

Q: Is coverage guaranteed?
A: No. It is important that you apply for long term care insurance when you are in good health in order to get the policy issued and to have the best premium rates. However, we do have one carrier who is more willing to insure individuals with certain medical conditions than others. So please apply now.

Q: What about the coverage effective date?
A: You may request a specific effective date. Typically it is the first day of the month following your application approval.

Q: May policies be paid up?
A: In many states it is permissible to purchase a plan which can be paid up in ten years or even a one-time premium payment. Not all insurance companies offer such plans.

Q: How much does it cost?
A: Premiums for Long Term Care Insurance depend on age, health and medical history, marital status, your state of residence and the amount of Long Term Care Insurance you wish to have. The best time to buy long term care insurance is when you are in the best health and at the youngest age. Although there seems little difference in premium at younger ages, it is important to consider the effects of inflation and that more insurance is likely to be needed if you wait to purchase long term care insurance. Policy inflation protection starts to inflate benefits after the policy is issued, not after a claim begins.

Q: What kind of plan is best?
A: Many different combinations of benefits are available within Long Term Care Insurance policies. The flexibility of the policies will allow you to personally tailor your plan to your objectives and budget. Premiums are based upon benefit choices such as: Daily Benefit amounts $20 to $250 per day, Waiting periods for coverage to start range from the first day to 30, 90 and 180 days. Length of benefit periods you may select a range from Lifetime, five to three years.


	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