AD&D Insurance

AD&D Insurance

As a member of the Credit Union age 18 or older, you are eligible for $2,000 Accidental Death & Dismemberment Insurance. Premiums for this basic coverage will be paid by your credit union. Coverage is provided to all members at no cost.

In order to put your coverage in force, you must complete a form provided by the credit union, which can be obtained at a credit union location or by calling 1-800-346-8664 and ask for the Insurance Desk. At the age of 70 coverage is reduced to $1,000.

There is a new enrollment opportunity if members want additional benefits for an extra charge, and premiums are deducted from their share accounts quarterly.

This summary explains in general terms the insurance described, but in no way changes or affects the insurance afforded under such Policy as actually issued. All coverages are subject to actual Policy conditions and exclusions. Each member participating in the plan will receive a Certificate of Insurance describing the exact coverage and benefits provided. The insurance is underwritten by ACE American Insurance Company.

Coverage Provided

When covered injury results in any of the following losses within one year from the date of the accident, the Company will provide, in one sum, the following amounts (reduced 50% at age 70):

  • Loss of life...................................................... $2,000
  • Loss of entire sight in one eye.......................... $1,000
  • Loss of two members(hand, foot or eye)............ $2,000
  • Loss of one hand or foot................................... $1,000
  • Loss of speech and hearing.............................. $2,000
  • Loss of speech or hearing................................ $1,000
  • Loss of entire sight in both eyes....................... $2,000
  • Loss of thumb and index finger on same hand.... $500

The loss of a hand or foot means complete severance through or above the wrist or ankle joint; for thumb or index finger, it means complete severance through or above the metacarpophalangeal joints. The loss of sight of eye means irrecoverable loss of entire sight. The loss of speech means complete and irrecoverable loss thereof; for hearing it means complete and irrecoverable loss of hearing in both ears.

Who Is Eligible

All members of the Credit Union age 18 or over when applying are eligible for coverage. Every member of the Credit Union age 18 or over who completes and returns an enrollment form will be accepted.

Individual Terminations

As long as you remain a member of the Credit Union and the Master Policy remains in force, your coverage will be renewed. The Group Master Policy is renewable annually.

General Exclusions

The Master Policy does not cover any loss caused by or resulting from; suicide or self-destruction or any attempt thereat; declared war or any act of war; alcohol intoxication (does not apply in Minnesota) or being under the influence of any narcotic, drug or sedative, unless administered on the advice of a Physician (does not apply in Michigan); committing or attempting a felony or illegal act; riding in any aircraft or device for aerial navigation except as a passenger for transportation only (not as a pilot or crew member) in an aircraft certified as airworthy by the appropriate authority of the country of its registry.

To enroll or EOB call 1-800-346-8664.

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