Insurance Benefits

Coverdell has been marketing insurance products for over 30 years and was one of the first companies to market insurance to financial institutions. Our insurance products are underwritten by highly-rated companies and our programs are designed to provide your customers with the financial security and protection they and their families deserve. While providing peace and comfort to your customers, you can enhance your revenue, strengthen existing relationships and enhance brand loyalty. To maximize the results of your program, Coverdell offers comprehensive marketing, administration and customer service support to maximize the results of your program.

Our insurance affinity product portfolio includes:

Accidental Death. A guaranteed-issue accidental death protection plan that insures the customer in the event of his or her death by accident. Additional benefits can include education assistance, common carrier, paralysis, dependent day care and special training for the surviving spouse. The product has a gift feature that provides the customer with insurance at no cost for a set period, regardless of whether or not additional coverage is purchased, or provides the customer with the first 30 days of coverage at no cost. This program is a great way to say thank you to your customers while generating incremental revenue for your organization.

Mature Accidental Death A guaranteed-issue accidental death protection plan targeting individuals age 65 – 84 that insures the customer in the event of his or her death by accident. Additional benefits can include an accumulation benefit as well as a paralysis benefit. The product has a gift feature that provides the customer with insurance at no cost for a set period, regardless of whether additional coverage is purchased, or provides the customer with the first 30 days of coverage at no cost. Benefits will not decrease due to age.

$1 Million Accident Plan Plus. An accidental death insurance plan. Members are covered in the event of an accidental death resulting from an occurrence of Common Carrier Motor Vehicle or 24-hour Accidental Death. Coverage amount decreases to 50% at age 70. Acceptance is guaranteed. This plan also includes additional non-insurance benefits that are applicable to daily life.

Hospital Accident Plan. An insurance plan providing supplemental benefits for hospital or emergency room treatment in the event of an accidental injury. The plan pays a daily hospital stay benefit; a lump sum benefit; and a cash benefit for emergency room treatment. In addition, an accidental death benefit is included. Acceptance is guaranteed. This plan also includes additional non-insurance benefits that are applicable to daily life.

Accident Disability Plus. A guaranteed-issue disability plan that insures the customer in the event of an accidental injury. The base coverage includes a long-term benefit and a monthly benefit in the case of accidental permanent and total disability. This plan also includes additional non-insurance benefits that are applicable to daily life.

Customer Years Reward Program. A unique accident insurance plan with a built-in reward feature that automatically increases a customer's insurance benefits based on the number of years they have been with the sponsoring institution. The program is designed to reward loyalty by increasing benefits with tenure at no additional cost to the customer. The plan benefits provide low cost supplemental protection for the more common type of motor vehicle and pedestrian-related accidents and common carrier-related accidents while traveling by commercial taxi, bus, train or plane. Acceptance is guaranteed. Monthly rates vary based on the plan selected.

Customer Years Accident Recovery Plan. An all-risk accident recovery insurance plan providing needed funds to help with recovery after a covered injury. A built-in loyalty reward feature provides increasing benefits for each year the insured remains a customer with no increase in premium. The At-Home Recovery Benefit provides coverage per day the customer is hospitalized. Monthly benefits for permanent and total disability are also included with a related home health care benefit per month. Acceptance is guaranteed.

Mini-Med Plan. Combines scheduled indemnity insurance benefits with health discounts and tiered pharmacy benefits to provide solutions for the working uninsured. Insurance benefits include daily hospitalization, intensive care unit and emergency room coverage as well as doctor visits, ambulance and accident medical coverage.

Term Life. Term life insurance. Simplified-issue term life insurance is available with both five and 10 year age bands. No medical exam is required, with only four simple health questions. Rates may vary by age, gender and smoking status. All customers and their spouses age 20 – 64 are eligible to apply.

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Insurance Benefits

Our insurance affinity product portfolio includes:

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