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The American Society of Mechanical Engineers (ASME)

Catastrophic Disability
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How would you make ends meet if a devastating accident or illness left you needing help with basic activities like getting dressed or eating?

In instances like this, the portion of your previous income that you’d receive from any other disability coverage (whether it’s an employer plan or disability insurance you bought on your own) just might not be enough. That’s because ongoing monthly bills — paired with disability–related costs like private nursing care and medical co–pays — could quickly eat through your savings.

ASME makes a Catastrophic Disability insurance policy available to members that pay a benefit for disabilities that result in the loss of two Activities of Daily Living or cognitive impairment. Catastrophic Disability insurance fills the gap where other disability policies leave off. The product’s payments are not offset by any in force disability plan, Social Security or Workers Comp benefits.

Features include rehabilitation services to assist you in returning to work; waiver of premium, survivor benefits and transplant benefit. ASME members or employees of members under age 55 are eligible.

Added Financial Security for Your Family

Whether you currently have some disability income protection and wish to increase your coverage, or you're purchasing coverage for the first time, Group Catastrophic Disability insurance offers a highly flexible, affordable plan.

Who Is Eligible?

Catastrophic Disability insurance is available to ASME members or employees of members in good standing under age 55 and residing in the United States (except NV, OR, TX and VT). Applicants must be actively at work at least 20 hours per week, and earning at least $12,000 a year. Spouses of insured members are eligible to apply for the Extended Disability Benefit only.

Protect Your Income

Catastrophic Disability Insurance provides an additional layer of disability coverage and provides protection from the financial hardships associated with severe disabilities. Catastrophic Disability Insurance coverage pays a monthly benefit for disabilities that result in the loss of two Activities of Daily Living or cognitive impairment - and fills the gap where other disability policies leave off. The benefit payments are not offset by any in–force disability plan, Social Security or Workers Comp benefits.

Benefits are provided regardless of Social Security or Workers’ Compensation. The policy also offers return–to–work incentives where appropriate, such as rehabilitation, worksite modification, and continuing benefits if you are still disabled, as defined by the plan.

Maximum Monthly Benefit

Choose a maximum monthly benefit from from $1,000 to $10,000 in $100 increments.

Elimination Period

Choose from four elimination period options: 60 days, 90 days, 180 days, 360 days.

Benefit Period Options

Choose between three benefit period options, with benefits payable as follows:

To Age 65 Benefit Period
If Disability Begins Benefits Are Paid
Prior to age 64 To age 65
On or after age 64 12 months
10-Year Benefit Period
If Disability Begins Benefits Are Paid
Prior to age 60 120 months
On or after age 60, but before age 64 To age 65
On or after age 64 12 months
5-Year Benefit Period
If Disability Begins Benefits Are Paid
Prior to age 60 60 months
On or after age 60, but before age 64 To age 65
On or after age 64 12 months

The Maximum Benefit Period may be reduced in accordance with the Mental Illness and Substance Abuse Limitation or Subjective Symptoms Limitation as specified in the General Limitations section of the Certificate.

Important Features of the Plan

Optional Extended Disability Benefit

The optional Extended Disability benefit rider offers an additional lump sum benefit of $10,000 to $100,000, payable for disabilities that result in the loss of two Activities of Daily Living or cognitive impairment. This optional benefit is available to eligible members or employees of members and member’s spouses under age 55.

Survivor Income Continuation Benefit

A lump sum benefit equaling three months of disability benefit is payable to your beneficiary (or your estate) if you die after receiving six continuous months of disability benefits under this plan.

Waiver of Premium While Disabled

If you remain catastrophically disabled and unable or incapable of performing the material and substantial duties of your occupation and have satisfied your elimination period, premiums will be waived for a period of up to 24 months.

Rehabilitation Assistance

Rehabilitation services are available to assist you in returning to work. Participation in this program is voluntary.

Transplant Benefit

This plan provides coverage for catastrophic disabilities which result from organ transplant procedures. This benefit is available only once in a lifetime and has a maximum benefit period of 12 months.

QUARTERLY PREMIUMS

Base Rates per $100 of Monthly Benefit

Age Band 60 Day
Waiting
Period
90 Day
Waiting
Period
180 Day
Waiting
Period
360 Day
Waiting
Period
TO AGE 65 BENEFIT PERIOD
Under 30 $.71 $.66 $.62 $.58
30-34 .75 .70 .66 .61
35-39 .88 .82 .77 .72
40-44 1.01 .93 .86 .79
45-49 1.26 1.16 1.08 .99
50-54 1.49 1.37 1.27 1.15
55-59* 1.84 1.68 1.53 1.37
60-64* 3.06 2.76 2.49 2.16
65-69* 8.05 7.21 6.46 5.52

Note: The premiums will increase on the renewal date coinciding with or next following the date you enter a new age bracket.

*Renewal premiums only.

Age Band 60 Day
Waiting
Period
90 Day
Waiting
Period
180 Day
Waiting
Period
360 Day
Waiting
Period
TEN YEAR BENEFIT PERIOD
Under 30 $.53 $.50 $.47 $.44
30-34 .56 .53 .50 .47
35-39 .66 .62 .58 .54
40-44 .77 .71 .66 .61
45-49 1.02 .94 .87 .80
50-54 1.35 1.24 1.14 1.03
55-59* 2.01 1.84 1.68 1.51
60-64* 3.06 2.76 2.49 2.16
65-69* 8.05 7.21 6.46 5.52

Note: The premiums will increase on the renewal date coinciding with or next following the date you enter a new age bracket.

*Renewal premiums only.

Age Band 60 Day
Waiting
Period
90 Day
Waiting
Period
180 Day
Waiting
Period
360 Day
Waiting
Period
FIVE YEAR BENEFIT PERIOD
Under 30 $.34 $.32 $.30 $.28
30-34 .37 .34 .32 .30
35-39 .42 .39 .37 .34
40-44 .51 .47 .44 .40
45-49 .69 .64 .60 .53
50-54 .94 .89 .81 .72
55-59* 1.47 1.33 1.21 1.07
60-64* 3.06 2.76 2.49 2.16
65-69* 8.05 7.21 6.46 5.52

Note: The premiums will increase on the renewal date coinciding with or next following the date you enter a new age bracket.

*Renewal premiums only.


Quarterly Rates Per $1,000 Benefit
Attained Age of Applicant
180 Day Waiting Period
Under 30
$.10
30-34
.10
35-39
.12
40-44
.17
45-49
.22
50-54
.32
55-59*
.50
60-64*
1.27
65-69*
1.27

Note: The premiums for you and your spouse will increase on the renewal date coinciding with or next following the date you or your spouse enters a new age bracket.

*Renewal premiums only.

Catastrophic Disability Rates

Use the following example to calculate your quarterly premium. Divide the monthly benefit by 100 and multiply by the base rate (listed in the tables).

Example: Male, Age 42, 5 Year Plan with 90 Day Waiting Period and $5,000 Monthly Benefit.

$5,000 divided by 100 = 50 X .47 = $23.50 quarterly

About This Plan Information

This Plan Information contains a partial description of some of the principal provisions and definitions of the proposed insurance coverage. The complete terms, conditions, and limitations are set forth in the group policy issued by the insurance company. In the event of a conflict between the coverage terms included in this Plan Information and the group policy, the group policy will govern. Coverage described in this Plan Information is underwritten on Form Number ADI-4001-A (UIC.)

This Plan is subject to rate changes on any policy anniversary or premium renewal date and on any date on which benefits are changed. Changes in coverage or other plan provisions can only be made upon agreement between Unimerica Insurance Company and the Plan Trustee.

Underwritten by Unimerica Life Insurance Company, PO Box 17828, Portland, ME 04112-8828.

Answers about the plan, including eligibility, options, enrollment, customer service and more.

This depends on a number of factors including: the disability benefits that you may receive from your employer, the amount of private disability income insurance you may have in force, plus the household income that will continue during your disability.

You can choose from three options:

  • To Age 65
  • 5 Year Benefit Period
  • 10 Year Benefit Period

You have a choice of Monthly Benefit Options, from $1,000 to $10,000 in $100 increments. The option you choose, together with any other disability income insurance you may have, cannot exceed 100% of your monthly gross earned income.

You will have 30 days from the date of receipt to review the insurance certificate. If you are not satisfied with the terms of the certificate, simply return it to the Insurance Administrator and any premiums paid will be refunded in full.

Catastrophic Disability Insurance is available to ASME members or employees of members in good standing, under age 55 and residing in the United States (except NV,TX, OR and VT). Applicants must be actively at work at least 20 hours per week and earn at least $12,000 a year. Spouses of members are eligible to apply under the member’s coverage for the Extended Disability Benefit only.

A catastrophic disability from injury or sickness that results in your inability to safely and completely perform two or more Activities of Daily Living or leaves you Cognitively Impaired.

An elimination period is the number of consecutive days at the onset of a continuous period of Disability: during which You must be Totally Disabled; and for which no benefits are payable; and which must elapse before benefits start. To satisfy the Elimination Period, You must be continuously Totally Disabled by the same Disability.

Issuance of this coverage is handled over the Internet and the mail. You can review the materials in the privacy of your home and purchase your policy directly through the mail without meeting with an agent. You can, of course, talk to a licensed representative if you'd like. Please click the Contacts tab for the toll-free number.

These form(s) are in Adobe Acrobat Reader (PDF) format and are available for downloading and printing.

 Insurance Application and Brochure



Download Adobe Acrobat Reader

We're here to help! Please contact us in whatever manner is most convenient for you.

Program Administrator

ASME Insurance Program Administrator
Mercer Consumer
12421 Meredith Drive
Urbandale , IA 50398
1-800-289-2763
asme.service@mercer.com
7:30 a.m. to 6:00 p.m. M-F (Central)
8:00 a.m. to 5:00 p.m. Central, Saturday and Sunday
http://www.mercer-web.com/products/mercerhealthbenefits.html

Application Mailing Address

Administrator, ASME Insurance Program
P.O. Box 10374
Des Moines , IA 50306-8812

Payment Billing Address

Administrator, ASME Insurance Program
P.O. Box 10425
Des Moines , IA 50306-0425

Insurance Company

Unimerica Insurance Company
PO Box 17828
Portland , ME 04112-8828

Insurance Application and Brochure Download

Our Role & Compensation

Details of Mercer disclosure of the compensation.

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