NTEU members enjoy special group rates for essential insurance programs.
Get the protection you need, at a rate you can afford on:
Short-Term
Disability, Accident, Cancer, Universal Life, Hospital Indemnity
from Colonial Life
While you probably have health insurance, that coverage might not pay for
the indirect cots of accidents, sicknesses and hospitalization – the
costs no one thinks about until they become a reality. Colonial Life offers
personal insurance products that can help fill the gaps left by health insurance,
with premiums paid through convenient payroll deductions.
- Short-term Disability Insurance helps offset the financial
losses that occur when an employee is unable to work.
- Cancer Insurance helps protect you against the out-of-pocket
medical and indirect, non-medical expenses related to cancer diagnosis
and treatment.*
- Critical Illness Insurance (with optional Cancer coverage)
complements your major medical coverage by providing a lump-sum benefit
you can use to help pay the direct and indirect costs related to covered
critical illness.*
- Hospital Confinement Indemnity Insurance provides a
lump-sum benefit for a covered hospital confinement and a covered outpatient
surgery to help offset the gaps caused by copayments and deductibles in
most major medical plans.
- Accident Insurance – helps offset the unexpected
medical expenses, such as emergency room fees, deductibles and copayments
that can result from a covered accident. Accidental death rider is also
available.
- Universal Life Insurance provides death benefits coverage
that you can increase or decrease as your needs change. The policy builds
cash value on a tax-deferred basis at current interest rates and has flexible
premium payments and coverage amounts.
* There are two pays to purchase Cancer coverage –
as a critical illness policy with cancer coverage, or as a stand-alone
cancer policy that does not cover other critical illnesses. Please review
fully with a Colonial Life benefits representative the specific benefits
of each when making your decision.
NEW YORK RESIDENTS—similar products are available through Paul Revere
Life Insurance Company. Visit the Paul
Revere web site to learn more about products in New York.
For more information, visit Colonial
Life’s NTEU member web site, or contact your local chapter office
to schedule a meeting with a Colonial Life or Paul Revere representative.
To ENROLL NOW, follow the instructions below:
Click on the easy Steps to Enroll
then visit the Colonial
Life Benefits Center web site to download the appropriate product outlines
and forms required for enrollment. You will also need to have available
the Federal Allotment
Distribution Authorization Form. (For New York members, please visit
Colonial
Life Benefits Center for NY.)
Call the Colonial Life Benefits Center toll-free at 1-877-370-6804 to enroll
once you have the necessary documentation.
©2008 Colonial Life & Accident Insurance Company
Colonial Life products are underwritten by Colonial Life & Accident
Insurance Company, for which Colonial Life is the marketing brand. Similar
policies, if approved, are underwritten in New York by The Paul Revere Life
Insurance Company.
Coverage has exclusions and limitations that may affect
benefits payable. Coverage may vary by state and may not be available in
all states. Contact the Colonial Life Benefits Center for complete details.
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Professional Liability Insurance
Professional Liability Insurance is available to NTEU members to help protect
them while performing their official duties. In partnership with The Insurance
Exchange, the program offers the following benefits:
DAMAGES
The policy will pay all sums up to one million dollars ($1,000,000), which
you are obligated to pay as damage in suits based on acts, errors, or omissions
committed in the performance of official duties.
ADMINISTRATIVE EXPENSE COVERAGE
The insurance company will provide counsel and pay cost of defense and monetary
penalties arising out of disciplinary proceedings (including investigations)
and judicial sanctions (monetary penalties imposed by any adjudicatory body
as a result of error act or omission). Up to $100,000 annually is available
for these expenses.
Coverages are provided by an AM Best “A” rated company and are summarized
and subject to the terms, conditions and exclusions printed in the policy.
Please refer to the policy form for specifics on coverages and limits. NTEU
is in no way responsible for any such matters.
ANNUAL PREMIUMS
Premiums are graduated based on member's grade. The premiums are significantly
less that the other professional liability insurance product that is available
to federal employees. The annual premium of this product ranges from $51
plus tax for a GS-4 to $252 plus tax for a GS-15.
To find out more information, see policy language on the The
Insurance Exchange’s web site. To download an application, click
here.
Accidental Death and Dismemberment
Insurance
All NTEU members are automatically covered by a $1,000 Accidental Death
& Dismemberment Policy. There is no premium to ever be paid, the only
requirement is you remain an NTEU member in good standing.
For basic policy information, please click
here. To designate a beneficiary (that is not in the beneficiary order
as listed on the policy), click
here. Return the Designation of Beneficiary Form to:
NTEU
Insurance Department
1750 H Street, NW
Washington, DC 20006
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Long-Term
Care
The NTEU Long-Term Care plan through Mutual of Omaha includes skilled,
intermediate, and custodial care in a nursing facility. The plan also covers
non-confinement services such as adult care, home health care, and respite
care. Members, spouses, parents, and parents-in-law under age 80 (when coverage
is approved and effective) are eligible to apply.
Highlights of the Plan Include:
• Return-of-premium feature, allowing a portion of the premium to
be returned equal to premiums paid if the plan participant dies without
using benefits or discontinues coverage.
• Benefits available for costs incurred up to $100 a day for confined
care and up to $50 a day for non-confined care.
• Automatic Inflation Protection Option and a Benefit Increase Provision,
under which confined care coverage can increase to $300 a day, and non-confined
care to $150 a day, over 20 years.
• Maximum benefit of 1,825 units of service – up to five years
of confined care service, 10 years of non-confined care service, or a combination.
• Premiums based on age at time of enrollment, with non increase as
age increases.
• Toll-free hotline available to answer questions (800) 877-1052.
Note: Long-term care premiums are tax deductible like health insurance premiums.
Also, long-term care benefits received, up to a specific amount annually,
are tax exempt.
To download a brochure and application, click
here.