In conjunction with SMA Services, Inc., Standard Insurance Company is pleased to provide eligible physician members and associate members of the SMA the opportunity to apply for Life and Accidental Death and Dismemberment (AD&D) insurance.
As the foundation of an employee benefits program, Life and AD&D insurance from The Standard offers you the opportunity to help protect your family, your employees and their families from financial hardship in the event of death. Many competitive features and family-friendly provisions are included.
Accelerated Benefit - Eligible members suffering from terminal illnesses may receive an early lump sum payout (up to 75 percent of their life insurance benefits) in a one-time lump sum payment.
Repatriation Benefit - Provides an additional benefit (up to $5,000 or 10 percent of the life insurance benefit, whichever is less) to help pay for expenses associated with transportation of an eligible deceased member if the place of death is more than 200 miles away from the member's primary residence.
Seat Belt Benefit - If an eligible member dies as a result of an automobile accident while properly wearing and using a seat belt system, an additional benefit equal to the amount of the AD&D insurance benefit payable for the loss of life (up to a maximum of $10,000) will be paid.
Higher Education Benefit - Provides an eligible surviving child an additional benefit (not to exceed $5,000 per year, or the cumulative total of $20,000 or 25 percent of the AD&D insurance benefit). See the Family Benefits Package brochure for more detailed information.
Career Adjustment Benefit - Provides an eligible surviving spouse an additional benefit (not to exceed $5,000 per year, or the cumulative total of $10,000 or 25 percent of the AD&D insurance benefit, whichever is less) should they need to make a career adjustment as a result of the insured member's death. See the Family Benefits Package brochure for more detailed information.
Child Care Benefit - Provides an eligible surviving spouse an additional benefit (not to exceed $5,000 per year or the cumulative total of $10,000 or 25 percent of the AD&D insurance benefit, whichever is less) should they require the assistance of a caregiver to watch over young children. See the Family Benefits Package brochure for more detailed information.
SMA Services, Inc., recognizes that individuals have different needs and has provided you the opportunity to apply for the right amount of protection for you and your family. You decide how much coverage you need and you can choose to insure yourself only, or yourself and your spouse, and/or your dependent children. Use the Needs Estimator to calculate the amount of life insurance you may need, then calculate the amount of premium using the Premium Calculator and select the Enroll button for instructions on how to apply for coverage. See the Life/ Accidental Death and Dismemberment Insurance Booklet for more detailed information. For information on the exclusions and limitations for this coverage, please view the Life and AD&D Certificate.
The Standard is a leading provider of employee benefits products and services and insures more than 23,000 groups covering more than 6 million employees nationwide.1 The Standard delivers real value through well-designed products, competitive prices and exceptional service.
Just as others count on you, you can count on Life and AD&D insurance from The Standard to help protect your family in their time of need.