Top Benefits

To be eligible for coverage, the members of the Society must be a full time and/or permanent part-time Actively at Work W-2 employee working 20 or more hours per week (excluding temporary and seasonal employees) and who is a citizen of the United States.

The maximum age to be eligible for this benefit: You and your spouse can sign up for coverage between the ages of 18 and 70 (non-tobacco user).

This program is a Group Term to 100 Life Plan with Long-Term Care (LTC) benefit. It provides dual protection for the cost of LTC and financial support for your beneficiaries after you are gone.

When you elect a life insurance benefit amount, you will also receive an LTC benefit. The LTC coverage amount is 6 percent of the Life Insurance benefit amount per month.

Long-term care is the personal care and/or supervision (custodial, supervisory, or skilled care) needed by persons of all ages for an extended period.

Often this is because of conditions associated with the effects of aging, but LTC may be needed at any time due to an accident or illness. At some point in our lives, it is estimated that more than 60 percent of us will need assistance with things like getting dressed, driving to appointments, or making meals.

It is a common misconception that LTC is covered by health or disability insurance. LTC services are typically not covered by Medicare, Medicaid, private health or disability insurance.

• Medicare: Only pays for skilled services or rehabilitative care for a limited time.
• Medicaid: Pays for the largest share of LTC services but has strict income and eligibility requirements.
• Employer / Private Health Insurance: Typically covers the same limited services as Medicare.
• Disability Insurance: Covers lost income for protection during working years but does not cover the cost of LTC services.

If you already have LTC insurance, great! You may want to use this enrollment as an opportunity to review your coverage. It is often recommended to keep your original coverage because of the value it provides. However, if you would like to review your existing plan in more detail, you can meet with one of the LTC insurance specialists supporting this enrollment to review your coverage and options.

The premium is based on how much death benefit you select, the age that you are at the time of application and your smoking status.  

The best way to see your pricing is to click "Build Your Benefit" for an estimate and then "Enroll Today" to begin the enrollment process for pricing specific to you. You are under no obligation to purchase once you start the enrollment process and can exit anytime.

You will enter some personal information and choose a death benefit from $5,000 - $250,000.

Please be prepared to provide the following information:

• Name and contact information
• Social security number
• Are you actively at work at least 20 hours per week?
• Date of hire (can be an estimated date)
• Is this replacing another life insurance policy? If yes, what is the face amount of that policy? (can provide an estimated amount)

Yes, coverage under this plan is available for spouses.

Spouse under a Separate Certificate (ages 18 - 80)

Important: Guaranteed Issue and Accelerated Death Benefit for Long Term Care with Restoration of Benefits and Extension of Benefits available for ages 18-70.

Yes, if you select a death benefit within the program’s Guaranteed Issue amount and are between the ages of 18 and 70, actively-at-work, and during the special enrollment period, there are no medical questions and acceptance is guaranteed. Guaranteed issuance is unique to special enrollment periods and may not re-occur every year.

Once you have completed the enrollment, you will receive a confirmation email that your application has been submitted. Your policy will be mailed approximately 30 days after the effective date.

There is a pre-existing condition clause included in this plan, but fear not. It will not preclude you from receiving coverage for your pre-existing condition forever. Here's how it works:

If you have a pre-existing condition that existed within 6 months prior to your policy's effective date, benefits will not be paid for a period of 6 months following your policy's effective date.

Benefits will be paid for this pre-existing condition after the period of 6 months following your effective date have passed.

The policy pays a lump-sum death benefit to the designated beneficiary when the insured dies before age 100.

This policy is completely portable – meaning you take the coverage with you even if you leave the company as long as you continue to pay the premiums.

Premiums are affordable and remain level to age 100 unless coverage changes are made.

During the application process, you will enter your bank account information to authorize a bank draft from the insurance company. The insurance company will draft premiums after confirming your banking information.

Life and LTCi benefits paid are generally received tax-free. However, as with all tax matters, you should consult your personal tax advisor to assess the impact of this benefit. The insurance company has no responsibility for any tax consequences of any benefits paid under this policy. The LTC rider is filed to be a federally tax-qualified LTC insurance contract.

The insurance company requires SSN to set up the policy as it is used for tax purposes and claims. Height and weight are used in underwriting if you are ineligible for Guarantee Issue underwriting and are required to answer health questions.

BuddyIns collaborates with benefit brokers, insurance companies, and financial professionals to provide employees and association members with the long term care education and enrollment processes they need to make the best decision for their futures.