Supplemental Insurance

 

Cancer, Dreaded Disease and Intensive Care
Accidental Death and Dismemberment
Long Term Disability

 

CANCER, DREADED DISEASE AND INTENSIVE CARE

The University of Mississippi offers two Cancer, Dreaded Disease and Intensive Care Policies. One policy is through American Heritage and the other is through Life Insurance Company of Alabama . Further information is provided below regarding both policies.

Features:
Pays directly to you, unless you assign benefits
Pays in addition to any other insurance you may have including employer provided insurance
Guaranteed renewable for Life, subject to change in premium by class
You may continue coverage when you are no longer employed without loss of benefits by paying the premium directly to the insurance company
Coverage does not replace your employer's group benefits, it supplements any present coverage you may have
Unmarried children are covered until age 21 while they are living with you, or until age 25 if a full-time student at an educational institution of higher learning beyond high school

American Heritage:

American Heritage Brochure
American Heritage Enrollment Application

This plan offers a Basic Option or an Enhanced Option for cancer and dreaded disease benefits. The type of option chosen determines the amount of benefit paid. Optional Intensive Care Riders are also available through this plan.

Waiver of Premium - Premiums that become due after the insured is disabled for 90 days are waived as long as the insured remains disabled. Disability must be a direct result of cancer first diagnosed after the 30-day waiting period.

Cancer and Dreaded Disease Benefits -

Hospital confinement
Surgery
Radiation therapy, Radio-active isotopes therapy, Chemotherapy, and Immunotherapy
Skin Cancer
New or Experimental treatment.

 

Monthly Rates	Basic Option	Enhanced Option	Basic Option $300/day ICU	Enhanced Option $300/day ICU	Basic Option $600/day ICU	Enhanced Option $600/day ICU
Individual	$9.40	$14.98	$12.40	$17.98	$15.39	$20.97
Family	$15.50	$25.82	$21.49	$31.81	$27.49	$37.81

 

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Life Insurance Company of Alabama:

Life Insurance Company of Alabama Brochure
Life Insurance Company of Alabama Enrollment Form

This plan offers a Low Option and a High Option for cancer and dreaded disease benefits.

Waiver of Premium - available if the primary insured is totally disabled prior to age 60 due to internal cancer and remains disabled for 60 days.

Cancer and Dreaded Disease Benefits -

Wellness benefit
Radiation and Chemotherapy
Surgery
Experimental treatment
Blood and plasma

Monthly Rates (Cancer and Dreaded Disease)

	Low Option	High Option
Individual	$14.20	$22.50
Single parent family	$16.90	$26.90
Family	$26.20	$41.45

 

Monthly Rates (Hospital Intensive Care)

	$300/day Benefit	$450/day Benefit	$600/day Benefit
Individual	$4.50	$6.75	$9.00
Single parent	$5.50	$8.25	$11.00
Family	$8.00	$12.00	$16.00

 

 

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AIGLife Accidental Death and Dismemberment

AIGLife Accidental Death and Dismemberment

Personal Accident Insurance covers you 24 hours a day, 365 days a year, worldwide, on or off the job if injury results in death or in any one of the losses specified under the Dismemberment Schedule, within 365 days of a covered accident. You select the amount of coverage you need. Amount of coverage available: $10,000 to $250,000 (must be purchased in increments of $10,000) The amount of coverage above $150,000 cannot exceed ten times your annual salary.

Plan Type	Rate
Employee Only	$0.38 per $10,000 per month
Family Plan	$0.54 per $10,000 per month

 

Family Coverage - If you enroll in Family Coverage, you and your eligible dependents (children age 19 years and under, or up to 23 years of age if child is a full-time student) are insured if injury results in death or dismemberment. Coverage is as follows:

Spouse Only	60% of Principle Sum
Spouse & Eligible Children Spouse	50% of Principal Sum Child - 10% of Principal Sum
Children	20% of Principal Sum

 

 

Life - 100%
Both hands or both feet - 100%
Sight of both eyes - 100%
One hand and one foot - 100%
One hand and sight of one eye - 100%
One foot and sight of one eye - 100%
Speech and hearing in both ears - 100%
One hand or one foot - 50%
Sight of one eye - 50%
Speech or hearing in both ears - 50%
Thumb and index finger of the same hand - 50%

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GROUP LONG-TERM DISABILITY (Post-Tax Deduction)

Standard Life Insurance Company Enrollment Form

Insurance underwritten by Standard Insurance Company to help safeguard your family's lifestyle and provide some peace of mind against the inability to work due to a sudden disability.

Definition of Disability - For two years, you are considered disabled if you are unable to perform with reasonable continuity the material duties of your own occupation due to an injury, physical disease, pregnancy, or mental disorder. For each successive year, you are considered disabled if you are unable to perform with reasonable continuity the material duties of any occupation for which you are reasonably qualified by education, training, and experience, or you are unable to earn 80% or more of your pre-disability earnings while working in your own or any other occupation (subject to pre-existing).

Rates for Age	Plan I-90-day waiting period	Plan II-180-day waiting period
Under 30	.0022	.0011
30-34	.0037	.0019
35-39	.0044	.0022
40-44	.0058	.0030
45-49	.0085	.0046
50-54	.0118	.0066
55-59	.0165	.0094
60-64	.0193	.0107
Over 64	.0229	.0134

 

 

Benefit - Monthly benefit equals 60% of the first $6,667 of your regular earnings from the University or pre-disability earnings not to include bonuses, overtime pay, commissions, shift differential pay, your employer's contributions on your behalf to any deferred compensation arrangement or pension plan, or any other compensation.

Pre-existing Condition - A mental or physical condition for which you have done any of the following at any time during the 180 days just before your insurance becomes effective: consulted a physician; received medical treatment or services; or taken prescribed drugs or medications.

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