Quality Products

Life Products

Level Term Life

Provides funds to help an employee’s family pay debts in the event of a covered employee’s premature death

• Face amounts up to $250,000; $4/week minimum purchase
• Choice of term periods: 5 years, 10 years, 20 years and to age 65
• Waiver of premium after 6 months of disability
• Renewable to age 65
• Guaranteed insurability - exercisable on 1st and 2nd policy anniversary
• Accelerated payment benefit will pay partial or full benefits while the insured is still living in the event of a terminal illness
• Conversion privilege to Permanent Life Plan - exercisable at end of any term period
• Spouse and children’s rider available
• Benefits are portable - the insured can keep the coverage even if there is a job change

Universal Life

Provides growing cash reserves for covered employees as well as death benefits for the employee’s family

• Coverage can be selected based on either the amount of the premium contribution or the desired death benefit
• Accelerated payment benefit will pay partial or full benefits while the insured is still living in the event of a terminal illness
• The income earned on the cash value is tax deferred (under current law)
• The policy can be assigned as collateral for a loan
• Once sufficient cash reserves have accumulated, premium payments can be lowered, skipped, or even stopped as long as there are funds to cover the cost of protection
• Coverage for spouse and children is available
• Optional waver of premium rider if the insured becomes totally disabled prior to age 60
• Optional accidental death benefit rider doubles the death benefit paid if death is due to an accident prior to age 70
• Choice of benefit payment options
• Benefits are portable - the insured can keep the coverage even if there is a job change

Disability Income

Provides monthly income if a covered employee becomes ill or injured and unable to work

• Up to 60% of current gross wages - minimum $500/month; maximum $5,000/month
• Choose when benefit payments begin after a covered disability:
  0 (accident only), 7, 14, 30, 90 or 180 days
• Benefit periods: 6 months or 12 months
• Partial recovery monthly benefit – 50% benefit paid for up to 3 months
• Benefits are tax-free (since employee pays the entire premium)
• Guaranteed renewable until age 70 or upon receipt of Social Security retirement benefits
• Optional extended benefit periods - additional 1 year or 4 years
• Waiver of any premiums due after the first 14 days of total disability until the end of your benefit period
• Pregnancy covered the same as any other disability
• Benefits are portable - the insured can keep the coverage even if there is a job change

*The information provided is simply an overview of the products and services. The terms of the policy or certificate determine the actual coverage. Product availability and options may vary by state. For costs and further details of the coverage, including exclusions, any reductions or limitations, and the terms under which the policy may be continued in force - contact ChamberSolutions or see your account executive.