Thursday, April 29, 2010
Members often ask me if there are other ABE-sponsored insurance plans they should consider to help ensure they have adequate insurance protection. Many times members have not considered what we call supplemental plans. Supplemental group insurance plans such as the ABE-sponsored Accidental Death and Dismemberment (AD&D) and Hospital Indemnity Insurance (HIP) can be a perfect complement to ABE-sponsored Group Term Life and Disability plans. With ABE-sponsored HIP, you collect up to $500 a day for each covered hospitalization. This daily cash benefit can be used to help pay co-pays on your basic medical insurance or other expenses not covered under your basic medical plan. ABE-sponsored ADD provides benefits of up to $500,000 for covered accidental deaths. These benefits are paid in addition to the benefits your family may receive from an existing life insurance plan. What’s more, both of these plans are guaranteed acceptance! This makes it easy to supplement your existing life and disability insurance coverage. Call me at 800-621-8981, extension 6420 or visit www.abendowment.org to learn more.