Life Insurance

University of Kentucky Federal Credit Union

	Colonial Portfolio Overview
	Accident
	Life
		Universal Life Insurance
	Medical Bridge(SM)
	Cancer

Why Life Insurance?

Does your family have enough financial resources to comfortably go on without you? Everyday and immediate final expenses may add up quickly. The Colonial portfolio of life insurance offers a plan to supplement your existing life coverage.

This coverage may not be available in all states; product benefits vary by state. Policies have exclusions and limitations that may affect benefits payable. For cost and complete details, please see your Colonial representative.

	Universal Life Insurance

Colonial’s Universal Life Insurance is an individual plan that offers:

Protection that accumulates cash value that can grow at current interest rates.
Flexible premiums and an adjustable death benefit.

Universal Life Insurance is a nice complement to term or group life insurance protection. This plan offers you the flexibility to change face amounts and premiums as your needs change. Your premium payment can build cash value at current interest rates with this plan.

Coverage is also available for your family.

You can purchase a universal life policy for your spouse, your children or your grandchildren with the same flexible benefits that are available to you, even if you don’t purchase a policy for yourself.



	© 2005 Colonial Life and Accident Insurance Company
	This website is intended for use by University of Kentucky Federal Credit Union members only.
	This site was created to accommodate Netscape navigator 4.7 or higher or Microsoft Internet Explorer 5.0 or higher. This site is best viewed at a screen resolution of 800x600. Adobe Acrobat Reader required for selected content.	Important Legal Notice Privacy Policy

	"Colonial Supplemental Insurance" and the logo, separately and in combination, and "for what happens next" are service marks of Colonial Life & Accident Insurance Company. Colonial Supplemental Insurance products are underwritten by Colonial Life & Accident Insurance Company. Coverage has exclusions and limitations that may affect benefits payable. Coverage may vary by state and may not be available in all states. See your representative for complete details. Colonial Supplemental Insurance is the marketing brand of Colonial Life & Accident Insurance Company.

following benefits that are automatically included in your plan.

Accelerated Death Benefit. Gives you the option to receive a percentage of the face value if you are diagnosed with a terminal illness.

Immediate Cash Payment. An immediate cash payment to your beneficiary to help pay expenses until the claim on your policy is processed.

Your level term life insurance plan is portable. This means that if you change jobs or retire, you can take this coverage with you. This plan is guaranteed renewable to age 95 as long as premiums are paid when due, or within the grace period. Your premium can be changed only if we change it on all policies of this kind in the state where the policy was issued. Premiums can be paid with the convenience of payroll deduction.

Several coverage options are available for you and your family. You can also supplement your level term life coverage with a Waiver of Premium rider and an Accidental Death Benefit rider.

Optional riders are available at an additional cost.

Applicable to policy forms 10/10/YRT, 10/10/YRTU, 10/YRT and rider forms STR-20, STR-10, CTR-10/10/YRT, ADB-10/10/YRT and R-Waiver.
(*Acrobat Reader required. Download Here)

Applying for coverage is simple. In most cases, you only have to answer a few questions. In some cases, a medical exam may be required. You also have a guaranteed option to purchase more coverage in two years and again in five years if you're age 55 or younger at date of issue. This extra coverage can be purchased without answering any health questions if your original policy is purchased before age 55.

This policy is portable. This means that if you change jobs or retire, you can take this coverage with you. Coverage is also available for your spouse and your children through term life riders.

Optional riders are available at an additional cost.

Applicable to policy form LBCDGP(96), LBCDNO(96), LBGP(96), LBNO(96) and rider forms SR85 and CR85, including state abbreviations where used.
(*Acrobat Reader required. Download Here)

You can add a level term insurance rider for your spouse or your children to your universal life policy.

You can supplement your universal life coverage with the following additional riders.

Accidental Death Benefit Rider
Pays an additional benefit if you die as a result of an accident before age 70. Benefit doubles if death occurs while you are a fare-paying passenger on a public transport system such as a bus or subway.

Additional Coverage Term Rider
Additional 20-year level term coverage for you and/or your spouse. This coverage can convert to increased coverage under your existing universal life plan or a new cash value life plan without evidence of insurability. Premiums remain level for the duration of the rider.

Guaranteed Purchase Option Rider
Increase your coverage at the second, fifth and eighth policy years or when specified life events occur without evidence of insurability. Premium is determined by your current age and the amount of insurance you choose.

Waiver of Monthly Deduction Rider

Waives all monthly deductions if you become totally and permanently disabled before age 65. Your policy’s cash value remains intact and continues earning interest.

Accelerated Death Benefit Rider
Gives you the option to receive a percentage of your death benefit if you are diagnosed with a terminal illness. Automatically available if your policy has a death benefit of $10,000 or more. No additional premium cost to you - a fee is charged only if you use the benefit.

The Universal Life Insurance plan is portable. This means that you can take this coverage with you, even if you change jobs or retire.

Optional riders are available at an additional cost.

Policies have exclusions and limitations that may affect benefits payable. For cost and complete details, please see your sales representative. Applicable to policy forms UL97, UL97NL, UL97-GPO, UL97NL-GPO and rider forms ULSTR, ULCTR, WMD88, R-ACR,
R-GPO(97), Accel(97), ADB88, including state abbreviations where used.
(*Acrobat Reader required. Download Here)

those for your covered spouse and dependent children, to be waived during the period of disability. Available as an employer option on some plans.

The optional Accidental Death and Dismemberment coverage provides additional protection from the financial hardships brought on by an accidental death, and the high costs of recovery and rehabilitation if you suffer an accidental dismemberment.

Your VGTL coverage may be portable. If you retire, reduce your hours or leave your employer, you can still keep your VGTL coverage at the same affordable group rates if you qualify.

Optional riders are available at an additional cost.

Applicable to policy form VGTL-C, including state abbreviations where used. If you are in Virginia, please read this important information
(*Acrobat Reader required. Download Here)