Your SlideShare is downloading. ×
MyPack
MyPack
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

MyPack

620

Published on

TAC$-Advantage<sup>®</sup> …

TAC$-Advantage<sup>®</sup>
Group Term Life Insurance
TransAccident<sup>®</sup>
Group Off-the-Job Accident Insurance with AD&amp;D Benefit
and Accident and Sickness Disability Income Benefit

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
620
On Slideshare
0
From Embeds
0
Number of Embeds
1
Actions
Shares
0
Downloads
0
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. TAC$-Advantage® — Group Term Life Insurance with Critical Illness Benefit myPack SM TransAccident®—Group Off-the-Job Accident Insurance with AD&D Benefit and Accident and Sickness Disability Income Benefit Transamerica Life Insurance Company’s new myPack was tailored specifically for the employees of small to medium size employee groups to help provide insurance coverage for the gaps that usually exist in the traditional health care plans that are in place in these sized markets. The myPack package is streamlined and simplified for producers to sell as an all-in-one product or they can help the group members build what they need. Why Transamerica’s myPack? Sure, you can buy a pocket knife, screwdrivers and corkscrew separately, but why would you when you could just get a multi-function pocket knife that would serve your needs and save you money? We believe the same is true for voluntary benefits. So we’ve put together myPack, a package of complementary voluntary insurance products. Employers looked to us to help accomplish their overall goal of providing insurance benefits their employees find valuable. We think they make for a good all-in-one product, like a multi-function pocket knife! myPack is comprised of 4 types of coverage: term life insurance, critical illness benefit, accident and disability income. It just takes three steps to put the package together: 1. TAC$-Advantage Voluntary Group Term Life Insurance with a Critical Illness Benefit is the base plan 2. Term Life Insurance/Critical Illness Benefit Buy-up Option as the second step 3. TransAccident Voluntary Group Off-the-Job Accident Only Insurance with AD&D Benefit and Accident and Sickness Disability Income Benefit as the third step. The TAC$-Advantage with Critical Illness Benefit Buy-up Option component and the TransAccident with Disability Income Rider components are available ONLY if the base TAC$-Advantage with Critical Illness Benefit coverage is in place. Underwriting Guidelines • TAC$-Advantage with Critical Illness Benefit coverage is Guaranteed Issue • Required participation for groups of 26 to 499 employees is the greater of 10% or 10 applications (per group); Groups of 25 or less, 5 applications is the minimum participation requirement. • TAC$-Advantage with Critical Illness Benefit Buy-Up Option is Conditional Guaranteed Issue. Acceptance will be based upon answers to questions on employee’s application. • TransAccident with Accident and Sickness Disability Income Rider coverage is Guaranteed Issue Transamerica Worksite Marketing offers through our underwriting companies: Universal Life • Critical Illness • Cancer • Dental • Vision • Legal Group Term Life • Short-Term Disability • Hospital Indemnity • Accident Out-of-Pocket Medical Expense Indemnity Here’s How to Get Started! Simply call Marketing Support at 800-400-3042, (800) 400-3042, option 3 transamericaworksite.com option 3, or visit www.transamericaworksite.com to get your standard or custom plan today! The TransAccident with Disability Income Option component of this product package is not available in Idaho, Maryland, Minnesota, Montana, New Mexico, Pennslyvania and Washington. myPacksm is underwritten by: Transamerica Life Insurance Company, Home Office: Cedar Rapids, Iowa, (TAC$-Advantage, Group Term Life Insurance with Accelerated Death Benefit Rider for Critical Care Condition - Policy form series CP100200, CC100400 and CR101700. TransAccident, Group Off-the-Job Accident Insur- ance with Off the Job Accident Disability Benefit Rider and Sickness Disability Benefit Rider - Policy form series CP200500, CC200500, CR201000 andCR201100. Limitations and Exclusions apply. Refer to your policy, CMP04-A-0608 certificate and riders for complete details.). Forms may vary and coverage may not be available in all jurisdictions. Benefits provided and premiums payable depend upon the coverage selected.
  • 2. As Easy As 1, 2, 3 STEP 1: Term Life Insurance...and then some For just $6 per week employees have access to our TAC$-Advantage® voluntary group term life insurance with benefits payable upon diagnosis of certain critical illnesses while they are still living- all without having to show evidence of good health. The Critical Illness Benefit amount is up to 25% of the total face amount of the term life insurance and will reduce the death benefit by that amount. For $6.00 a week: TAC$-Advantage Life Diagnosis of Heart Attack, Stroke, Cancer, End Stage Renal Issue Ages Insurance Benefit Failure or Undergoing a Major Organ Transplant* OR 18 - 39 $ 50,000 $ 12,500 40 - 49 $ 30,000 $ 7,500 50 - 64 $ 15,000 $ 3,750 STEP 2: If SOME is good, then MORE is better! For just $3 per week more, and by answering a few simple health questions, employees are eligible to apply for additional group term life insurance with critical illness benefit in the Term Life Buy-up Option. For $9.00 a week: TAC$-Advantage Life Diagnosis of Heart Attack, Stroke, Cancer, End Stage Renal Issue Ages Insurance Benefit Failure or Undergoing a Major Organ Transplant* OR 18 - 39 $ 75,000 $ 18,750 40 - 49 $ 45,000 $ 11,250 50 - 64 $ 22,500 $ 5,625 STEP 3: Accidents happen…It’s a fact of life For an additional $4, $6, or $8 per week (employee’s choice), employees will have access to a package that has TransAccident® Voluntary Group Off-the-Job Accident Only benefits along with Accident and Sickness Disability Income Rider coverage. The TransAccident / Disability Income Rider coverage will pay a specified amount to your beneficiary if you die due to an accident or to you if you survive an accident but are injured or dismembered as a result. The TransAccident/Disability Income Rider portion has 3 levels of premium amount/benefit amount options. $4.00 Weekly $6.00 Weekly $8.00 Weekly Accidental Death Common carrier $21,000 $35,000 $56,000 Motor vehicle $15,000 $25,000 $40,000 All other $9,000 $15,000 $24,000 Accidental Dismemberment - Only the largest benefit will be paid for any one covered accident One or more fingers and/or one or more toes 5% One eye, hand, foot, arm or leg 20% Two eyes, hands or feet 50% Two arms or two legs 50% Both arms and both legs 100% Additional Benefits Emergency Treatment per accident $100 $100 $150 Specific Sum for Injuries maximum $2,000 $2,000 $2,000 Follow-up Treatment per treatment $25 $25 $25 Ambulance per accident $45 $45 $45 Family Lodging per day $30 $30 $30 Transportation per trip $90 $90 $90 Appliances per accident $50 $50 $50 Physical Therapy per treatment $25 $25 $25 Prosthesis per accident $250 $250 $250 Hospital Confinement per day ---- $100 $100 Disability Income Monthly Benefit $400 $600 $800 Accident and sickness coverage with a 14 / 14 day Elimination Period and a 6 month Benefit Period. * Insured can only exercise the critical illness benefit once during the life of the policy.

×