Humania Disability Income Insurance
Without Medical Exam (IWME) is for
people who, for medical or other
reasons, have had difficulty in
obtaining
disability insurance.
To purchase: no medical exam required. You
have to answer six simple eligibility questions
to determine your eligibility.
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Amount of Coverage
Minimum $400; Maximum $2,500 per month
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Waiting period -
90 days
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Benefit period - 24 months
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Age at the time of purchase
Available to persons 18 to 55 years
old (inclusive)
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Type of Contract
Term 10 or 20
years depending on the option chosen
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Renewal
Guaranteed renewable to age 65
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Premium
This policy has premiums that change
every 10 or 20 years, depending on
the option selected by the
policyowner. The premium is not
guaranteed, and the Insurer may
revise the premium at any time,
based on the morbidity experience
for insureds who have contracts with
similar characteristics
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Covered Disabilities
Any total disability
resulting from an accident or sickness.
If you are
working: you must be unable to
perform each and every important
duty of your occupation. You must
not hold other employment and you
must be under the continuous and
appropriate treatment and care of a
physician. If you are unemployed:
you must be unable to perform at
least one of these activities of
daily living by yourself: eating,
dressing, transferring, bathing,
toileting or be continent. You must
also be under the continuous and
appropriate treatment and care of a
physician.
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Retroactive Benefit
- 6 months
If the person
insured receives total
disability benefits for six (6)
consecutive months, the insurer
will pay a lump sum benefit
equal to the total disability
benefits that would have been
paid during the waiting period
as though the waiting period did
not apply.
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Waiver of Premium
- 3 months
After
three (3) months of continuous
disability, the insurer will waive
the subsequent premiums for as long
as the person insured is eligible to
receive total disability benefits.
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Coordination
-
100%
Disability benefits can be
coordinated when you have
multiple disability insurance
contracts with either the
insurer or other insurers. When
disability benefits payable
under the policy become
coordinate, the monthly benefit
payable is reduced so that the
amount of disability benefits
payable under this policy and
any other insurance does not
exceed 100% the average monthly
income earned by the person
insured.
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Integration
- $1,200 non-integrated
The first one thousand two
hundred dollars ($1,200) of
monthly benefit payable under
all coverages of Humania
Assurance - Insurance Without
Medical Exam accident and
sickness disability insurance
taken together is neither
integrated with government
plans nor coordinated with other
disability insurance protection
the person insured may have.
All monthly disability benefit
over one thousand two hundred
dollars ($1,200) becomes fully
integrated and coordinated.
Disability benefits are then
determined base on the person
insured's average monthly earned
income, up to the insured
maximum indicated in the
schedule of benefits. |
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Beneficiary -
The person insured
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Pre-existing
medical conditions
No benefit for total disability
is payable if the total
disability results from a
pre-existing condition and the
person insured becomes totally
disabled during the 12 or 24
months
(varies depending on the policy
purchased) following the
effective date of this coverage.
In such instances, the insurer's
liability shall be limited to a
refund of the premiums paid and
the policy will terminate with
no further value.
A pre-existing condition is an
injury, sickness or condition
that manifests during the 12 or
24 months
(varies depending on the policy
purchased) prior to the effective
date of the policy. For a
complete definition, please
refer to the sample policy.
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Refund of Premium Rider (Optional)
After 20 years without claim,
receive a premium refund of up to
75% of total premiums paid.
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Exclusions and
Restrictions
This policy has a row of exclusions
and limitations. Please refer to the
policy document for full details.
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If
you have questions about this coverage or want to purchase
a
policy, please call at
1-877-443-0101,
416-493-0101
or,
click here to ask
your question online.
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