As a complimentary benefit of your credit union membership, your no-cost AD&D coverage is ready and waiting. In three minutes or less, your application will be complete. Through FastApply AD&D it's quick, easy and entirely online.
- What is AD&D insurance?
Accidental Death & Dismemberment Insurance, also called "AD&D," is insurance coverage that pays a cash benefit in the event of a covered injury or death due to an accident.
- Why should I consider AD&D coverage?
If a serious accident occurs, AD&D could help your family in its time of need. It can be an affordable supplement to any life insurance you may have and features unique built-in benefits:
- Acceptance is guaranteed. No one will ask you health questions or expect you to submit to a medical exam. If you’re a credit union member over the age of 18, you can’t be turned down.
- Your coverage cannot be cancelled as long as your premiums are paid, the group policy is not terminated, and you remain a member of a participating credit union.
- There's a realistic inflation protection benefit. Every two years, on the anniversary of your coverage, additional coverage will be increased 5% at no added cost to you. Over the years, you can get up to a 25% increase maximum.
- What types of coverage are available?
You can choose Single coverage or Family Coverage. Single coverage applies only to you. Family Coverage protects you, your spouse and your dependent (or handicapped) children. Your spouse will be insured at 50% of the coverage level you choose. Dependent and handicapped children will be covered for 20%. Family coverage also includes additional benefits for child care and college education, as well as a child savings fund benefit.
- What do I need to know about beneficiaries?
- A beneficiary is a person who receives insurance benefits at the time of the insured person’s death. You can have more than one beneficiary.
- You can choose anyone to be your beneficiary and it can be more than one person.
- In general, benefits paid to your beneficiary, are not subject to federal income tax.