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Accidental Death & Dismemberment Insurance

Accidental Death and Dismemberment Insurance Plan

Underwritten by New York Life Insurance Company

What makes ABE-sponsored Accidental Death & Dismemberment (AD&D) Insurance for lawyers different?

  • Portable*: Coverage can move with you as your career changes.
  • Guaranteed acceptance: Every ABA member is eligible to apply for this plan on a guaranteed acceptance basis. (Not available in Vermont, Washington, Puerto Rico or to residents outside the U.S.)
  • Speech and Hearing Loss: This plan includes benefits for loss of speech and hearing for up to 100 percent of the principal sum in-force.
  • Unique Charitable Giving Feature: Dividends donated to the ABE help support over 200 legal research, public service and educational programs and make you eligible for a charitable contribution on your tax return. (Dividends are not guaranteed.)

*Subject to U.S. government regulation and Group Policy terms governing termination of coverage.

Supplemental Financial Protection For The Unexpected

Nobody can be protected from accidents all the time. What you can do is help safeguard yourself and your family from the financial results accidents can cause. In addition to any other life insurance you may have, when you enroll in the ABE-sponsored AD&D Insurance Plan, you will be insured for up to $500,000 for covered accidents and be better prepared for their related costs, like medical and legal expenses. And, as an ABA member, your acceptance in this plan is guaranteed. Don't wait until it's too late.

Notice: This Coverage is not available to residents of Vermont or Washington.

You Choose Whether To Cover Your Whole Family, Or Just Yourself.

As an ABA member under age 72 and a resident of the U.S. (except Vermont or Washington), Puerto Rico (see It's Easy to Apply, below), or the U.S. Virgin Islands, you are eligible to apply for this coverage. You also have the option of insuring your spouse/Domestic Partner and any unmarried dependent children up to age 25. A Domestic Partner (DP) is defined as an eligible dependent. The Group Policy provides the same benefits for parties to a Civil Union as are granted to a spouse in marriage for residents of any state that so mandates. Simply select the coverage limits that best meet your needs. Please refer to the Schedule of Benefits for exact coverage amounts and rates. The premium will vary with the amount of benefits.

You Choose How Much Coverage You Need For Your Family.

Your spouse/DP is eligible for an amount of coverage from $250,000 up to $500,000; spouse/DP amount cannot exceed member's coverage amount. You can also choose to cover your dependent children for either $25,000 or $50,000. The principal sum for member, spouse/DP, and child(ren) will reduce by 50% at member age 72. Premiums do not reduce.

NOTE: If both you and your spouse/DP are ABA members, you may both select the member plan. In that case, neither of you may insure the other as a spouse/DP, and you must carry all your dependent children under only one Certificate.

You Are Covered Around The Clock... Around The Year... Around The World.

You're covered at home. On the job. On vacation. Anywhere in the world. The ABE-sponsored AD&D Insurance Plan is there for you. (Subject to U.S. government regulations.)

You Enjoy A Common Carrier Travel Benefit.

To make this plan an even better value for members, the ABE-sponsored AD&D Plan pays an additional 10% of the benefit payable if the loss is the result of an accident while a passenger on a common carrier (as a passenger on a plane, train, taxi or other qualified common carrier), properly operated and licensed for the transportation of passengers for hire.

Your Benefits Are Paid In Addition To Any Other Insurance.

No matter what other coverage you may own, benefits are payable in full. (You may be insured under only one ABE-sponsored AD&D plan.)

Your Premiums Don't Increase Because Of Your Age.

Unlike many other types of insurance, the cost of the ABE-sponsored AD&D Plan does not go up as you get older. The only way for your rates to be raised is if the rate structure for the entire plan is changed.

You May Name Any Beneficiary You Wish.

You may name one or more beneficiaries on your coverage. Your beneficiary is the person last designated by you in writing and recorded as such by, or on behalf of, New York Life. You are the beneficiary for the Spouse Coverage. If you wish to designate a different beneficiary on the Spouse Coverage, contact the ABE. You are irrevocably the beneficiary on the Child Coverage. You may assign ownership of your certificate to anyone you wish. Forms are available from the ABE.

Your Certificate Comes With Survivor Benefits.

If you should die, your spouse/DP can continue this insurance as long as premiums are paid when due and the Group Policy is not terminated by New York Life or the ABE. The surviving spouse/DP is not eligible to increase the Principal Sum.

You Have The Right To A 30-Day No-Obligation Review.

Say "YES" to the ABE-sponsored AD&D Plan at no risk. We'll send you a Certificate that you can review for 30 days. If there's anything you're not pleased with, just return it within that time, without claim. We'll cancel your insurance and refund any premium paid. No questions asked.

When Coverage Begins.

You will be fully covered on the first of the month after we receive your Enrollment Form, provided you have paid your first premium. (Premium payment is due no later than 31 days after being billed.) If you are hos­pi­tal­ized on that date, your in­sur­ance will begin on the first day of the month following your release.
Your family’s insurance starts when yours does, unless your dependent is in the hospital. If this is the case, your de­pen­dent will be covered on the first day of the month fol­low­ing release.

When Coverage Ends.

You cannot be singled out for can­cel­la­tion of your coverage, as long as you pay your pre­mi­ums on time, remain an ABA member, and the Group Policy is not ter­mi­nat­ed by the ABE or New York Life In­sur­ance Company. Though you must be under age 72 to enroll, you can re­new your cov­er­age as long as you live. Dependent coverage will end when yours does, or for your spouse/DP, when he/she becomes an insured member or ceases to be your lawful spouse/DP. Child cov­er­age can continue as long as the child is eligible until termination age 25.

Exclusions.

The exclusions are:

  1. A loss that occurs during or results from travel in, on, or descent from an in-flight aircraft, unless traveling solely as a passenger on a licensed, commercial, nonmilitary aircraft;
  2. A loss that occurs during or is due or related to participation in or incarceration resulting from - in a role other than as victim - the commission of a crime or illegal occupation or activity;
  3. A loss due or related to sickness or disease or medical or surgical treatment thereof, except bacterial infection which occurs as a result of accidental cut, wound, or ingestion of contaminated materials;
  4. A loss that occurs during or is due or related to military service or war or any act of war, whether declared or undeclared;
  5. A loss due or related to suicide, attempted suicide, or intentionally self-inflicted injury while sane or insane;
  6. A loss that occurs during or is due or related to any medical, dental or surgical treatment unrelated to the accident.

Your Covered Losses Are Paid As Follows.

Benefits will be payable for covered losses...up to 365 days after the date of the accident. The total benefit payable for all losses due to a single accident will not be more than the Principal Sum unless covered loss is the result of an accident on a com­mon carrier. See “You Enjoy a Common Carrier Travel Benefit” for details.

Schedule of Benefits

Accidental Death Full Amount
*Loss of two hands or two feet Full Amount
*Loss of sight of both eyes Full Amount
*Loss of one foot and one hand Full Amount
*Loss of one hand and one eye or loss of one foot and one eye Full Amount
*Loss of speech and hearing Full Amount
Loss of one foot or one hand or one eye One-half Amount
Loss of speech or hearing One-half Amount
Loss of thumb and index finger of the same hand One-fourth Amount

*Benefits for these losses will be payable only when such double loss occurs as a result of a single accident.

Loss of hand or hands, or foot or feet, means severance at or above the wrist joint or ankle joint respectively. Loss of one eye or eyes means the total and irrecoverable loss of the entire sight thereof. Loss of speech or hearing means the total and irrecoverable loss thereof. Loss of hearing which can be corrected by the use of any hearing aid or device shall not be considered an irrecoverable loss. Loss of thumb and index finger of the same hand means severance of two or more entire phalanges of both the thumb and index finger. To receive benefits, loss must be independent of sickness and all causes other than the accident.

It’s Easy to Apply

As long as you are an ABA member, apply online today or download, print and complete the entire application and send it to: ABE, 321 N. Clark Street, Chicago, IL 60654-7648.

Residents of Puerto Rico: You must download, print and complete the entire application and send it to: Global Insurance Agency, Inc., P.O. Box 9023918, San Juan, Puerto Rico 00902-3918.

Underwritten By:

Underwritten by New York Life Insurance Company, 51 Madison Avenue, New York, NY 10010, under Group Policy G-11461-0 on Policy Form GMR-FACE/G-11461-0.

New York Life's State of domicile is New York and its NAIC ID# is 66915.

The Accidental Death & Dismemberment Insurance Plan is a group insurance plan, meaning coverage is issued to an ABA member under a Certificate of Insurance; it is not provided under an individual policy, nor is it employer/employee insurance.

 

Schedule Of Benefits And Quarterly Premiums

How Your Assignment of Dividends to ABE Works — Your Plan's Unique Charitable Giving Feature

Founded by the ABA in 1942, the American Bar Endowment (ABE) is a §501(c)(3) not-for-profit organization composed of members of the American Bar Association. ABE makes annual grants to the American Bar Foundation and the ABA Fund for Justice and Education to fulfill ABE’s charitable purpose of improving the administration of justice, one of our profession’s highest obligations, by funding research, public service and educational projects in the field of law. ABE also maintains the Legal Legacy Fund for the permanent support of its grantees. By participating in ABE’s group insurance programs, designed for and available only to ABA members, members can contribute to these efforts. ABA members who enroll in ABE-sponsored insurance programs agree that their share of any dividends payable on the group policies may be retained by ABE for its charitable purposes unless reclaimed as outlined below. The Internal Revenue Service has ruled that members who donate their dividends to ABE are eligible for a charitable contribution deduction on their individual income tax returns. Contributions to ABE are tax deductible under Section 170(c) of the U.S. Internal Revenue Code, in accordance with IRS regulations and the March 1987 ruling provided to ABE by the IRS.

Members who donate dividends to ABE make a difference. These funds, after administrative expenses, are the primary source of ABE’s charitable grants and additions to the Legal Legacy Fund. Insured members who donate their dividends help meet their professional and public responsibilities, as well as obtaining valuable coverage for their families. About 85% of members donate their dividends; these members are notified each year by late January of the amount, if any, of their dividend donation for the prior year. (Dividends are not guaranteed, and in any given year, a given plan may not pay a dividend; dividends will vary from year to year.)

Members who wish to request a refund of their dividends may do so. The approximate percentage of premium available for refund (if any) on each plan will be published in each November issue of the ABA Journal. You do not need to wait for this information as refund requests are accepted beginning January 1. To request that dividends be paid to you rather than donated to ABE: After the first policy year of your participation, a written request for refund (by mail, fax, or email to dividends@abendowment.org) must be made each year and must reach ABE by December 15. When ABE receives your refund request, it will send a confirmation. Retain this for your records as proof your request was timely received. If you do not receive a confirmation within 3 weeks, contact the ABE promptly to obtain another copy. (Special instructions for new applicants are contained in the application and apply to dividends, if any, during the first policy year only.)

Dividend checks and/or contribution notices for your tax return are mailed by late January. If you receive a contribution notice and you did not intend to make a contribution, you may request a one-time waiver of the December 15 deadline by asking for a refund, if you have not previously requested such a waiver.

Please note: Members who do not want to contribute dividends to ABE must make a written request for refund each year, using the procedures above. When members sign the application, they are agreeing to make an annual decision whether to contribute. Do not sign the application if you do not agree with these procedures.


THIS IS A SUMMARY of some of the principal provisions of this group insurance plan offered through the American Bar Endowment. IT IS NOT TO BE CONSIDERED A CONTRACT OF INSURANCE. The complete terms of the program are set forth under Group Policy G-11461-0 on policy form GMR-FACE/G-11461-0 issued by New York Life Insurance Company to the American Bar Endowment.

Bonnie Czarny (ABE), is licensed in AR, Ins. Lic. #404091 and in CA., Ins. Lic. #0H99426.

We will be happy to answer your questions. Just call 800-621-8981 or email us atinformation@abendowment.org

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