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Presented and Administered
by Selman & Company

Accidental Death & Dismemberment Insurance
:: Plan Description

An unexpected death or disabling injury can be an emotional and financial burden on you and your family. Protecting those you love is important, so we've arranged to make available to you an Accidental Death & Dismemberment Insurance Program designed to help protect your family's financial security in the event of a covered accident.

No Cost To You
As a Credit Union member, age 18 to 74, you are eligible to enroll for up to $2,000 of Basic Accidental Death & Dismemberment (AD&D) Insurance provided at no cost to you. This coverage is fully paid for by the Credit Union! This plan offers 24-hour insurance protection against a covered accident anywhere in the world, on or off the job, on business, on vacation or at home.

Additional Coverage Is Available For You and Your Family - Up To $300,000
We have also made arrangements to make up to $300,000 of Additional AD&D Insurance available to all Credit Union members in good standing, age 18 to 74, at economical group rates. Plus, when you enroll for Additional Coverage, you are automatically eligible to receive the following added benefits:

1. Family Coverage
If Family Coverage is selected, at the time of loss, your lawful spouse will automatically be insured for 50% of your full benefit amount (60% if there are no dependent children). Dependent children typically under age 19 (age 23 if the child is a full-time student at the time of loss) will be covered for 20% of your full benefit amount (25% if you do not have a spouse). (Subject to state variations.)

2. Fare Paying Passenger Benefit
The benefit for loss of life is payable under the group policy benefits will be doubled if the covered loss results from an accidental bodily injury which occurs while the covered person is a fare paying passenger in a public conveyance operated by a licensed common carrier.

3. Education Benefit
If the benefit for loss of life is payable with respect to you, an education benefit equal to the lesser of 2% of your Full Benefit Amount, or $6,000 will be paid to each covered dependent child who is enrolled, or becomes enrolled within 365 days following the date of your death, as a full time student in an Institution of Higher Learning such as a college, university, or trade school. If dependent coverage for children is in effect, but there is no covered dependent child who qualifies within 365 days of the date of your death, then a one time lump sum equal to 2% of your Full Benefit Amount will be paid to your beneficiary.

4. Escalator Benefit
Your Additional Coverage will increase 5% after 24 consecutive months of continuous coverage and further increases, equal to 5% of your Additional Coverage Amount, will occur at the end of each subsequent 24 month period, until the total of all such increases reaches 25% of your original Full Benefit Amount; with no increase in premium.

5. Accident In-Hospital Benefit
If a covered person is hospital confined as a result of an accidental bodily injury and the confinement begins within 365 days of the accident causing the injury, the plan will pay a monthly benefit equal to 1% of the covered person's Full Benefit Amount beginning with the first day of hospitalization so long as the covered person is hospitalized for at least 7 continuous days (maximum of up to $3,000 per month for a period of up to 12 months). Treatment in an emergency room, as the result of an accidental bodily injury, will be considered the same as one day of hospital confinement and the 7-day waiting period will not apply.

6. Return of Premium Under this benefit, all premiums paid for coverage will be returned to the beneficiary if you or your spouse, if Family Coverage is selected, should die due to sickness.

Note: Benefits 1-6 described above are not included with $2,000 Basic Insurance Coverage.

Monthly Premiums
The Rate Chart below illustrates monthly premium rates for Member Only Coverage and Family Coverage. Coverage is available up to a maximum of $300,000.

Additional Coverage Amount

Member Only Coverage

Family Coverage

$10,000

$1.00

$1.50

20,000

2.00

3.00

50,000

5.00

7.50

100,000

10.00

15.00

150,000

15.00

22.50

200,000

20.00

30.00

250,000

25.00

37.50

300,000

30.00

45.00

Once enrolled, benefits are available regardless of age. On the date you attain age 70, your Full Benefit Amount will be reduced to 50% of the amount in effect on the day before you attained age 70. On the date you attain age 75, your Full Benefit Amount will be further reduced to 25% of the amount in effect on the day before you attained age 70. AD&D benefit amounts that are based on your Full Benefit Amount will be computed based on the reduced amount.

Benefit Payment Summary
If a covered person suffers a loss solely as a result of an accidental bodily injury within 365 days after the date of the injury, when proof is received the plan will pay a benefit based upon your Full Benefit Amount as follows. For Loss Of:

% of coverage

Life

100%

Both Feet or Both Hands

100%

Sight in Both Eyes

100%

One Hand and One Foot

100%

One Hand and Sight in One Eye

100%

One Foot and Sight in One Eye

100%

Speech and Hearing in Both Ears

100%

One Hand or One Foot

50%

Entire Sight in One Eye

50%

Speech or Hearing in Both Ears

50%

Thumb and Index Finger
of Same Hand

25%

If a covered person suffers more than one loss due to any one accidental bodily injury, payment will be made only for the loss for which the largest amount is payable.

Effective Date of Coverage
The $2,000 of Basic Coverage is effective upon acceptance of the Enrollment Form. If at this time you choose to only activate the $2,000 of Basic Coverage, your Basic Certificate of Insurance is available and may be printed from this website after you enroll. Any Additional Coverage you may have purchased is effective upon acceptance of the Enrollment Form and the first premium payment. A Certificate of Insurance for Additional Coverage will be provided to you.

Once enrolled, benefits are available regardless of age. On the date you attain age 70, your $2,000 Basic Coverage Amount and optional Additional Coverage Amount, if selected, will be reduced to 50% of the amount in effect on the day before you attained age 70. On the date you attain age 75, your Basic Coverage Amount and optional Additional Coverage Amount, if selected, will be further reduced to 25% of the amount in effect on the day before you attained age 70. AD&D benefit amounts that are based on your Full Benefit Amount will be computed based on the reduced amount.

Termination
Your coverage will end on the first of the following dates: (1) the premium due date you fail to pay the required premium except as provided in the Grace Period (not applicable to basic-only coverage); (2) the date the Policy ends in its entirety or with respect to your class; (3) the premium due date after you are no longer a member of the Credit Union; or (4) the premium due date next following the date the Credit Union ceases to participate in this plan of insurance. Coverage for dependents (if Family Coverage is selected) will end at the earliest of: (1) the date your insurance ends; (2) the date dependents' insurance ends under the group policy; (3) the date the dependent child ceases to be a dependent; (4) for a spouse, the date your marriage ends by annulment or divorce; or (5) the required premium is not paid for the dependent when due.

Exclusions
No benefits will be paid for any loss that results from or is caused directly, indirectly, wholly or partly by any of the following: 1. suicide; or intentionally self-inflicted injury; 2. insurrection; war or an act of war; 3. a physical or mental sickness, or treatment of that sickness; 4. voluntary intake of poison, drugs, gas or fumes, unless taken as prescribed by a doctor; 5. committing a crime, or an attempt to do so; 6. being intoxicated or under the influence of any drug, unless taken as prescribed by a doctor; 7. being in active military duty in the service of any country; 8. flight in any type of aircraft, unless the insured is traveling as a fare paying passenger, or on a pass, and if: the aircraft is licensed to carry passengers; the carrier is licensed to fly such aircraft; the aircraft is flown by a licensed pilot; the flight is regularly scheduled between established airports; 9. participation in a riot; committing an assault or felony; 10. bacterial infection except through a wound accidentally sustained; 11. taking of any drug, medication, narcotic or hallucinogenic, unless taken as prescribed by a doctor; 12. taking of alcohol in combination with any drug, medication or sedative; 13. riding or driving as a professional in any kind of race for prize, money or profit. See your Certificate of Insurance for details.

30 Day Free Look
Once your enrollment form and first premium payment has been accepted for your Additional Coverage, you will be mailed a Certificate of Insurance. You have the right to examine your Certificate without obligation. If, within 30 days of receiving your Certificate, you are not completely satisfied, simply write "cancel" on the Certificate and return it without claim by mail. Any premiums you may have paid will be fully and promptly refunded.

About the Underwriter
This plan is underwritten by American General Life Insurance Company, NAIC No. 60488, domiciled in the state of Texas with a principal place of business of 2727-A Allen Parkway, Houston, TX 77251. It is currently authorized to transact business in all states plus DC, except NY and PR. This summary is a brief description of benefits only and is subject to the terms, conditions, exclusions and limitations of Group Policy No. G-500,070, Form No. AG-21000. Coverage may vary or may not be available in all states.

The underwriting risks, financial and contractual obligations and support functions associated with products issued by American General Life Insurance Company (AGL) are its responsibility.

Administered by Selman & Company, 6110 Parkland Boulevard, Cleveland, OH 44124.

Accidental Death & Dismemberment Insurance
Underwritten by American General Life Insurance Company (AGL)
Sponsored by OE Federal Credit Union
Presented and Administered by Selman & Company
6110 Parkland Boulevard
Cleveland, OH 44124
877-665-7563 - Phone
440-646-9339 - Facsimile
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