Life and Disability

Life and Accidental Death & Dismemberment (AD&D) Insurance

Basic Life and AD&D

If you have loved ones who depend on your income for financial support, you are probably aware of the importance of Life and AD&D protection. Life insurance pays your beneficiary a benefit if you pass away, and AD&D insurance pays a benefit if your death results from an accident or if you are severely injured in an accident.

NFM Lending offers Basic Life/AD&D insurance through The Hartford. Enrollment is automatic and NFM Lending pays the full cost for your coverage. You only need to designate a beneficiary.

Life/AD&D Benefit: $30,000
Benefits reduced at the following ages:

Age	Reduction %	Amount
<65	N/A	$30,000
65	35%	$19,500
70	60%	$12,000
75	75%	$7,500
80	85%	$4,500

Voluntary Life and AD&D Insurance

If you need additional life insurance to meet your financial needs, you have the opportunity to purchase Voluntary Life and AD&D insurance with The Hartford through after-tax payroll deductions. Should you leave NFM Lending, you can elect to convert coverage to an individual policy.

Voluntary Life Options:

	Employee	Spouse	Dependent Child(ren) to age 26
Coverage Options	Increments of $10,000 up to 5x annual salary	Increments of $5,000 up to 100% of employee's benefit amount	6 months to 26 years: Increments of $1,000
Maximum	$500,000	$250,000	Birth to 14 days: $500 15 days to 6 months: $10,000
Guaranteed Issue Amount	$150,000	$25,000	$10,000

Click here for Life and AD&D rates

Will You Ever Need Life Insurance?

Enrollment Guaranteed Issue (GI)

Employees may elect to increase their coverage by one (1) unit of $10,000, and the Spouse may elect to increase their coverage by one (1) unit of $5,000 during the Open Enrollment period without medical underwriting.

Any benefit amounts above the case level Guaranteed Issue are subject to Evidence of Insurability (EOI).

It is the EMPLOYEE’s responsibility to complete and submit an Evidence of Insurability (EOI) form.

An EOI form is required for coverage elections above the GI or if coverage was previously waived or not elected during the initial eligibility period.

Note: Benefit coverage and payroll deductions for newly elected amount will not take effect until EOI is approved by the carrier.

Disability Benefits

Short-Term Disability

If you become disabled and can’t work, no benefit becomes more important to your financial security than disability income protection. To ensure your income will continue if you are unable to work due to a disability, NFM Lending offers short-term disability (STD) through The Hartford. Benefits are payable for a non-occupational injury or illness that keeps you from performing the normal duties of your job. If a medical condition is job-related, it is considered Workers’ Compensation rather than STD.

Coverage	STD
Employer Paid Weekly Benefit	50% of covered weekly earnings up to $1,000
Buy-Up Weekly Benefit	60% of covered weekly earnings up to $2,000
Benefits Start After	14 Days for Accident and 14 Days for Sickness
Maximum Benefit Duration	26 weeks
Pre-Existing Condition Limitation (Click here to learn more)	3 months Prior/12 months Insured

Click here for STD rates

Long-Term Disability

Long-Term Disability (LTD) insurance, offered through The Hartford, helps replace a portion of your income if you are disabled for an extended period of time.

	LTD
Benefit Amount	60% of monthly earnings up to $5,000 per month
Pre-Existing Condition Limitation (Click here to learn more)	12 months Prior/12 months Insured
Benefits Start After	180 days
Maximum Benefit Duration	The later of your SSNRA*, age 65 or recovery

Click here for LTD rates

What are Income Protection Benefits?

Will You Ever Need Short-Term Protection Benefits?

Will You Ever Need Long-Term Protection Benefits?

* SSNRA means the Social Security Normal Retirement Age in effect under the Social Security Act on the Policy Effective Date.

NOTE: This is not intended to be a complete description of the insurance coverage offered. Controlling provisions are provided in the policy, and this summary does not modify those provisions or the insurance in any way. This is not a binding contract. A certificate of coverage will be made available to you that describes the benefits in greater details. Should there be a difference between this summary and the contract, the contract will govern