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Group High-Limit Accident Insurance Plan Highlights
Underwritten by New York Life Insurance Company
With ASCE Group High-Limit Accident Insurance, you'll have access to the following benefits if you are injured in an accident:
If you're an ASCE member, under age 70, a resident of the United States (excluding FL, NC, VT, WA, and territories), Puerto Rico, or Canada* (except Quebec), you’re eligible to apply for a Principal Sum of $50,000 to $500,000 (in units of $50,000) in ASCE Group High-Limit Accident Insurance. Coverage of $50,000 to $250,000 is available for your spouse, but spouse coverage may not exceed your own member coverage. Each unmarried dependent child under age 25 may be covered for $10,000.
The ASCE Group High-Limit Accident Insurance Plan is Underwritten by:
New York Life Insurance Company
51 Madison Avenue
New York, NY 10010
under Group Policy No. G-15600-2
on Policy Form GMR-G-15600-2/FACE
With ASCE Group High-Limit Accident Insurance, you'll have access to the following benefits if you are injured in an accident:
- Your choice of $50,000 to $500,000 Principal Sum (in units of $50,000)
- Spouse and Dependent Children coverage available
- Common Carrier Benefit
- Repatriation Benefit
- Rehabilitation Benefit
- Seat Belt Benefit
- Education Benefit
- Spouse Critical Period Benefit
- Adaptive Home/Auto Benefit
If you're an ASCE member, under age 70, a resident of the United States (excluding FL, NC, VT, WA, and territories), Puerto Rico, or Canada* (except Quebec), you’re eligible to apply for a Principal Sum of $50,000 to $500,000 (in units of $50,000) in ASCE Group High-Limit Accident Insurance. Coverage of $50,000 to $250,000 is available for your spouse, but spouse coverage may not exceed your own member coverage. Each unmarried dependent child under age 25 may be covered for $10,000.
The ASCE Group High-Limit Accident Insurance Plan is Underwritten by:
New York Life Insurance Company
51 Madison Avenue
New York, NY 10010
under Group Policy No. G-15600-2
on Policy Form GMR-G-15600-2/FACE
Group High-Limit Accident Insurance Plan FAQ
Who is this plan underwritten by?
This plan is underwritten by New York Life Insurance Company, under Group Policy No. G-18701-0, on Policy Form G-18701-0/GMR-FACE.
About New York Life Insurance Company
Who is eligible for this insurance?
ASCE members under age 70 in good standing are eligible to apply for coverage for yourself, your spouse under age 70, and your unmarried dependent children under age 25. In order to become insured, satisfactory evidence of insurability must be provided and the required premium must be paid.
A dependent who is also an ASCE member is eligible for either member or dependent coverage, but not both. If both member and spouse are covered as members, neither may insure the other as spouse and only one may insure any eligible children.
How much insurance can I request?
Members—$50,000 to $500,000 in $50,000 increments.
Spouse—$50,000 to $250,000 in $50,000 increments, not to exceed 100% of member's coverage.
Child(ren)—$10,000 per child.
When you reach age 70, coverage converts to Common Carrier Travel Accident Insurance and any Principal Sum in excess of $100,000 reduces to $100,000. Common Carrier coverage protects against accidents that occur while riding on a public conveyance—airplane, bus, train, or taxi.
How long does the application process take? When will my coverage become effective?
For some plans, coverage becomes effective within a few days of receiving your application. For others, the process is longer because of required underwriting procedures. High-Limit Accident Insurance requires no underwriting and is often processed quickly.
How do I calculate the rate on an ASCE Group High-Limit Insurance plan?
Premium contributions for both the member and spouse are based on the member’s age (under age 70 or age 70 and over) at last birthday. Premiums may be periodically increased on plans to reflect plan utilization and ensure their financial stability.
When is the coverage effective?
Insurance will take effect on the date your application is approved by New York Life Insurance Company, provided the initial premium contribution is paid within 31 days after the date you are billed (send no money now) and any person to be insured is performing the normal activities of a person in good health of like age [NC Residents: a person of like age] on the date of approval.
Any person who is not performing his/her normal daily activities as required will not become insured until the day he/she is performing such activities, provided such date is within three months of the date insurance would have been effective and the person is still eligible.
Are there any exclusions?
Yes, High Limit Accident Insurance does have exclusions and limitations. Please read the brochure for this information.
Can coverage continue if I am out of the country?
Call the Administrator for more details as coverage varies depending on the plan.
What if I have second thoughts after I apply?
When you become insured, you will be sent a Certificate of Insurance summarizing you benefits under the Plan. If you are not completely satisfied with the terms of your Certificate of Insurance, you may return it, without claim, within 30 days. Your coverage will be invalidated and you will be sent a full refund—no questions asked!
Who Administers the Program?
The ASCE Group Insurance Program is administered by Pearl Insurance. Pearl Insurance strives to provide ASCE members with the most relevant, competitively priced member benefit insurance packages for individuals and their families. Pearl Insurance has been providing associations like the ASCE with quality group coverage for nearly 55 years.
Who recommends/approves benefit changes or premium changes?
The insurance companies reserve the right to change rates. They report "plan experience" (or the number and size of claims made) annually, if applicable, rate action recommendations. Using this information, the program Administrator works with ASCE to evaluate the recommendations and decide what, if any, action (i.e. a rate action, a change in benefits, or even a change in insurance companies) is appropriate to maintain each plan's financial stability and competitive status. ASCE ultimately approves the action, and insured members are advised of their decision prior to implementation.
This plan is underwritten by New York Life Insurance Company, under Group Policy No. G-18701-0, on Policy Form G-18701-0/GMR-FACE.
About New York Life Insurance Company
Who is eligible for this insurance?
ASCE members under age 70 in good standing are eligible to apply for coverage for yourself, your spouse under age 70, and your unmarried dependent children under age 25. In order to become insured, satisfactory evidence of insurability must be provided and the required premium must be paid.
A dependent who is also an ASCE member is eligible for either member or dependent coverage, but not both. If both member and spouse are covered as members, neither may insure the other as spouse and only one may insure any eligible children.
How much insurance can I request?
Members—$50,000 to $500,000 in $50,000 increments.
Spouse—$50,000 to $250,000 in $50,000 increments, not to exceed 100% of member's coverage.
Child(ren)—$10,000 per child.
When you reach age 70, coverage converts to Common Carrier Travel Accident Insurance and any Principal Sum in excess of $100,000 reduces to $100,000. Common Carrier coverage protects against accidents that occur while riding on a public conveyance—airplane, bus, train, or taxi.
How long does the application process take? When will my coverage become effective?
For some plans, coverage becomes effective within a few days of receiving your application. For others, the process is longer because of required underwriting procedures. High-Limit Accident Insurance requires no underwriting and is often processed quickly.
How do I calculate the rate on an ASCE Group High-Limit Insurance plan?
Premium contributions for both the member and spouse are based on the member’s age (under age 70 or age 70 and over) at last birthday. Premiums may be periodically increased on plans to reflect plan utilization and ensure their financial stability.
When is the coverage effective?
Insurance will take effect on the date your application is approved by New York Life Insurance Company, provided the initial premium contribution is paid within 31 days after the date you are billed (send no money now) and any person to be insured is performing the normal activities of a person in good health of like age [NC Residents: a person of like age] on the date of approval.
Any person who is not performing his/her normal daily activities as required will not become insured until the day he/she is performing such activities, provided such date is within three months of the date insurance would have been effective and the person is still eligible.
Are there any exclusions?
Yes, High Limit Accident Insurance does have exclusions and limitations. Please read the brochure for this information.
Can coverage continue if I am out of the country?
Call the Administrator for more details as coverage varies depending on the plan.
What if I have second thoughts after I apply?
When you become insured, you will be sent a Certificate of Insurance summarizing you benefits under the Plan. If you are not completely satisfied with the terms of your Certificate of Insurance, you may return it, without claim, within 30 days. Your coverage will be invalidated and you will be sent a full refund—no questions asked!
Who Administers the Program?
The ASCE Group Insurance Program is administered by Pearl Insurance. Pearl Insurance strives to provide ASCE members with the most relevant, competitively priced member benefit insurance packages for individuals and their families. Pearl Insurance has been providing associations like the ASCE with quality group coverage for nearly 55 years.
Who recommends/approves benefit changes or premium changes?
The insurance companies reserve the right to change rates. They report "plan experience" (or the number and size of claims made) annually, if applicable, rate action recommendations. Using this information, the program Administrator works with ASCE to evaluate the recommendations and decide what, if any, action (i.e. a rate action, a change in benefits, or even a change in insurance companies) is appropriate to maintain each plan's financial stability and competitive status. ASCE ultimately approves the action, and insured members are advised of their decision prior to implementation.
Group High-Limit Accident Insurance Plan Forms
Group High-Limit Accident Insurance Plan Brochure (includes rates)
Group High-Limit Accident Insurance Plan Application (download and mail)
Group High-Limit Accident Insurance Plan Change of Beneficiary Form
Group High-Limit Accident Insurance Plan Survivorship Affidavit
Group High-Limit Accident Insurance Plan Claim Form for Proceeds
Group High-Limit Accident Insurance Plan Claim Form
Group High-Limit Accident Insurance Plan Application (download and mail)
Group High-Limit Accident Insurance Plan Change of Beneficiary Form
Group High-Limit Accident Insurance Plan Survivorship Affidavit
Group High-Limit Accident Insurance Plan Claim Form for Proceeds
Group High-Limit Accident Insurance Plan Claim Form
Group High-Limit Accident Insurance Plan Contact
| Address: | ASCE Member Insurance Program 1200 East Glen Avenue Peoria Heights, IL 61616-5348 |
| Phone: | 800.650.ASCE (2723) |
| Email: | customerservice@asceinsurance.com |
| Website: | http://www.asceinsurance.com |
New York Life Insurance Company
New York Life Insurance Company (New York Life) is a leader in the association group insurance field, providing life and health insurance plans for membership associations. The company has an enduring commitment to its customers' financial security. Regardless of the state of the economy or the stock market, New York Life bases its financial decisions on the guiding principle of serving its clients. The company has consistently received among the highest ratings from the leading independent ratings services: A.M. Best, Fitch Ratings, Standard & Poor's, and Moody's Investors Service for financial strength.
New York Life is licensed/authorized to transact business in all of the 50 United States, the District of Columbia, Puerto Rico, and Canada. However, not all group plans it underwrites are available in all jurisdictions. Please check the Plan details sections for current availability.
New York Life is licensed/authorized to transact business in all of the 50 United States, the District of Columbia, Puerto Rico, and Canada. However, not all group plans it underwrites are available in all jurisdictions. Please check the Plan details sections for current availability.
| Address: | New York Life's state of domicile is New York and NAIC ID # is 66915. 51 Madison Avenue New York, NY 10010 |
