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 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 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:

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 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

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

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

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

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.

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, 145 Commercial Street, Portland, ME 04101.