Page 7 - MWFB Benefit Guide 1

Critical Illness/Cancer Short Term Disability

Agents and Staff Long Term Disability

Guarantee Issue for Newly Hired Agents and Staff or during open enrollment Staff Only

Guarantee Issue for Newly Hired Staff

61% of overall costs for cancer treatment and recovery is for non-medical expenses. 3 in 10 Americans will suffer a disability lasting 3 months or longer before the age of 65.

Pays a lump-sum benefit directly to the insured following the initial diagnosis of a covered critical illness, Top five causes of STD claims: Pregnancies, Injuries, Joint Disorders, Digestive Disorders, Cancer.
such as: 100% - Cancer Type 1(invasive), heart attack, stroke, heart failure, organ failure, kidney Top five causes of LTD claims: Muscle/bone disorders, Cancer, Accidents, Mental Disorders, Cardiovascular.
failure, 75% - Benign brain tumor 30% - Carcinoma in situ, arteriosclerosis, $250 - skin cancer.

Heart attack, heart disease and 1 of every 2.9 deaths The lifetime odds of 64% of Americans need to If you can’t work because of an 90% of disabilities are not work
stroke are the #1 cause of death in America was related to developing cancer is 1-in-2 for utilize a source other than illness or injury, disability related; therefore, they don’t
in America. Cancer is 2nd. cardiovascular disease. men and 1-in-3 for women. savings to satisfy a $1,000 income insurance helps replace qualify for workers
unplanned expense. a portion of your income. compensation benefits.

Short Term Disability Long Term Disability

Employee Benefit Options Guarantee Issue during initial enrollment-$5,000 to $25,000 Definition of Disability Own Occupation 2 Year Own Occupation
Conditional Approval-$30,000 to $50,000

Spouse and Dependent GI during initial enrollment - Eligible for 50% of agent or staff’s election
Child Benefit Option up to $12,500 with conditional approval up to $25,000 (increments of Earnings Loss Requirement 20% 20%
$2,500) Child - GI up to 50% of agent or staff’s election

First Occurrence Benefit Lump sum benefit paid upon initial diagnosis of a covered critical illness/ Benefit Amount 60% of Gross Monthly Income 60% of Gross monthly income
cancer

Additional Occurrence Maximum Benefit Amount $1,000 Weekly Max $7,500/monthly max
CRITICAL ILLNESS/CANCER
Benefit 100% - paid when dates of diagnosis are separated by at least 3 months

Re-Occurrence Benefit 50% - paid when dates of diagnosis are separated by at least 12 months Elimination Period 7 Days Accident/7 Days sickness 180 Days

Maximum Benefit Pre-Existing Condition Limitation 3 / 6 3 / 12
300% of the lump sum benefit for all critical illnesses/cancers combined

Wellness Benefit Maximum of $50 paid annually for health screening tests for employee Mental & Nervous, Drug & Alcohol No Limitations 12 months
and spouse - if spouse coverage is included Limitation SHORT TERM DISABILITY

Pre-Existing Condition 3 months prior/12 months after Maximum Benefit Duration 26 weeks If disabled before age 60, to your SSNRA.
Limitation If disabled at age 60 or older see the
maximum payment duration on backpage.

Benefit Reduction Reduced to 50% at age 70 Maternity 5 Weeks N/A

Short & Long Term
Critical Illness/Cancer 9 6 Disability Staff