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Economical Accident Coverage. A serious mishap can happen to anyone,
anywhere, at any time. According to the National Safety Council*, accidents
are the leading cause of death for people under the age of 37, the fifth
leading cause of death for persons of all ages. You can help prepare yourself
and your family for the financial hardships caused by serious accidents
with the economical ATLA High-Limit
Accident Plan.
* Accident Facts, 1994 edition.
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PURPOSE OF THE PLAN
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Provides up to a $500,000 one-time payment in the event of death
or specified injury resulting from a covered accident.
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Differs from disability insurance since it provides a large, one-time
payment for covered accidental loss, instead of smaller monthly benefits.
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Use to supplement life and disability plans because it pays extra
benefits in special situations.
PLAN HIGHLIGHTS
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Members Under Age 70 Are Eligible To Apply
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Easy Acceptance
Acceptance into this Plan is easy provided the persons
to be covered are performing the normal activities of a person of
like age and sex on the effective date, with like occupation or retired
status.
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Your Choice Of Options (From $50,000 To
$500,000)
You may select amounts of insurance (the "Principal
Sum") from $50,000 to $500,000 (in units of $50,000). You may
also apply for spouse coverage from $50,000 to $500,000, but the amount
may not exceed the member's coverage (50% of member's amount for residents
of Texas). Each unmarried dependent child under age 25 may be covered
for $10,000.
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$25,000 Common Carrier Benefit+
This benefit pays extra benefits for a covered loss that occurs as
the result of an accident while you are a fare-paying passenger on
a licensed common carrier.
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Up to $5,000 Accidental Death Benefit (Repatriation)+
The Plan pays additional benefits for a covered accidental death that
occurs outside of the United States to cover expenses incurred to
return the insured's body to the United States.
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Up to $5,000 Rehabilitation Benefit+
This benefit helps prepare a member to return to the work force.
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Education Benefit
This benefit helps pay an insured childrens' educational costs at
an institute of higher learning.
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Seat Belt Benefit
If an insured person dies as a result of an automobile injury while
wearing a seat belt, this benefit provides an additional payment to
the principal sum payable for Loss of Life.
+ These special benefits terminate at age
70.
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