STANDARD LIFE INSURANCE PLAN HIGHLIGHTS
Benefits During Disability.
Benefits may be payable after a participant's life benefits
are no longer in effect if the participant is totally disabled. Death benefits will be
payable if the participant is totally disabled before his life benefits are no longer in
effect and disability occurs before age 60. Also, the participant must continue to be
disabled and submit proof of disability annually. Premium payments are waived during total
disability. A more detailed explanation of this feature is available in the plan booklet.
Death Benefits
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Note: effective October 1, 2003 death benefits have been enhanced to the amounts listed below.
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Age
on January 1
Under 50
50-54
55-59
60-64
65-69
70-74
75-79
Over 80 |
Amount of
Life Insurance
$250,000
$150,000
$100,000
$60,000
$38,000
$30,000
$21,000
$15,000
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A more detailed explanation of the PCA Standard Life Plan is available from PCA Retirement & Benefits, Inc. (1-800-789-8765).
Living Benefits Provision
Life insurance amounts over $25,000 are eligible for a Living Benefits (LB) provision. LB allows participants who become terminally ill
to receive up to 50% of the combined total PCA life coverage's face amount, but with a
maximum Living Benefit of $100,000. Most often these funds are used to pay medical bills
or improve living standards for the remainder of their lives.
Conversion Privilege
If at some point a participant leaves PCA employment or is
no longer ordained in the PCA, current coverage may be converted into a personal policy
within 31 days of termination. Conversion requests must be in writing. No proof of
insurability is required. More details of this benefit are available in the plan booklet.
To download a PDF version of this product's brochure
please CLICK HERE.
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