Spouse Critical Period: If either you (the NAR member) or your spouse dies as a result of a covered accident, the survivor will receive additional monthly payments equal to 1% of the deceased’s Principal Sum. These payments will be made until the earlier of six months or the survivor’s death.
Education Benefit: If the benefit for loss of life is payable for you, and your dependents are covered by this Plan on the date of the accident, this Plan will pay an education benefit equal to the lesser of 2% of your Principal Sum payable or $2,500 or the actual amount of the tuition charge for 1 year, payable up to four consecutive years, for each insured dependent who is enrolled (or enrolls within 365 days of the accident) as a full-time student at an institution of higher learning (college, university or trade school). In addition, if no insured spouse or child qualifies for this benefit following the covered loss of the member’s life, a lump sum benefit of $500 will be payable.
Day Care Benefit: If your children, under age 13, are enrolled in a Day Care program at the time of death as a result of a covered accident, a benefit equal to the lesser of 5% of your Principal Sum, or $2,500, or the actual Day Care costs for one year, is payable. The benefit is paid each year for each child who qualifies, up to four Day Care Benefits will be paid for each child. If you have no child eligible for this benefit at the time of the covered loss, a benefit of $500 will be paid. Proof of enrollment is required and outlined in the Certificate of Insurance.
Common Carrier Benefit: If the insured incurs a covered loss as a result of an accident while a passenger on a licensed common carrier (train, bus, etc.), an additional $25,000 benefit will be payable.
Seat Belt Benefit: If an insured person is involved in an automobile accident in which he/she was properly wearing a seatbelt, and dies within 180 days as a direct result of that covered accident, the beneficiary can receive an additional amount which is the lesser of $25,000 or 10% of the Principal Sum payable.
Rehabilitation Benefit: Rehabilitation training can help regain former productivity following an accident. This benefit may be paid for a covered loss other than loss of life. The amount paid will equal the actual expenses incurred for rehabilitation training. This benefit will not exceed the lesser of $10,000 or 10% of the principal sum. The expense must be incurred within two years after the date of the accident.
Adaptive Home/Auto Benefit: If a covered loss results in a physical disability that incurs expenses necessary to modify the person’s home and/or car, a benefit amount equal to the lesser of 5% of the Principal Sum or $5,000 of actual expenses is payable.
Repatriation Benefit: If a covered accidental death occurs outside of the insured person’s state or country of permanent residence, an additional benefit equaling the actual expenses incurred will be paid for the preparation and transportation of the body to the place of burial or cremation. The benefit will not exceed the lesser of $25,000 or 10% of the principal sum.
Burn Disfigurement: If a covered loss causes an insured to suffer a disfigurement due to burns, covering at least 10% of the body, an additional benefit equal to the lesser of 10% of the Principal Sum or $25,000 will be payable.
Elder Care: If an insured’s death is the result of a covered accident and that insured’s elderly relative (other than a spouse) was dependent on the insured for support and maintenance, a benefit equal to the lesser of 5% of the Principal Sum or $5,000 will be payable.
Common Disaster: If both you and your spouse die within one year of same or separate accidents that occurred within the same 24-hour period, in addition to the benefit payable for loss of life for each, the insured spouse benefit amount for loss of life will be increased to 100% of the member’s Principal Sum if the member and spouse are survived by one or more eligible children and the combined member and spouse Principal Sums do not exceed $500,000.
Please refer to the Certificate of Insurance for certain limitations and conditions on these benefits.