Valuable protection on or off the job.
"As long as you've got your health . . ."
If you're physically healthy, you can work, play, take care of your family, and enjoy life. The same holds true for your financial health. For long-term financial well-being, you need to understand where you are, be aware of where you want to go, and have a plan to get you there.
But, if something were to happen to you, all your hard work - and everything you have - could be lost unless you've taken steps to protect yourself and your family. NYL GBS's Accidental Death & Dismemberment (AD&D) insurance can help you protect your family’s financial health at a cost you can afford. Usually for a few dollars a month, you can receive thousands of dollars worth of protection that can help provide security and peace of mind for you and your family. This coverage also provides protection on or off the job.
Having adequate insurance coverage is not only the basis for a sound financial blueprint; it also provides the protection you need to help ensure that your family, your home and your finances will be protected.
Who needs Accidental Death & Dismemberment (AD&D) Insurance?
You do. Accidental Death & Dismemberment (AD&D) insurance can help you pay expenses if you are seriously injured or killed in a covered accident. This coverage can help ensure that tragedy doesn't take both an emotional and a financial toll on your family. By purchasing Accidental Death & Dismemberment (AD&D) insurance through your employer, you benefit from:
Please read the plan information for a full disclosure of plan provisions, benefits, exclusions, limitations, and effective dates of coverage prior to making your selections.
You can Enroll for AD&D Insurance Online by using the "Enroll Online" button. Or, you can Complete An Enrollment Application and submit to NYL GBS.
Download Your Enrollment Application
Complete, sign and date the enrollment application and return to NYL GBS at the address shown on the form.
If you have questions, please call 1.800.828.3485 to speak to a NYL GBS representative (Monday through Friday, 8 AM to 5 PM CST or 9 AM to 6 PM EST).
Who is Eligible for Coverage?
You - You are eligible for coverage if you are an active full-time employee of IDT, regularly working a minimum of 30 hours per week and have completed the new hire waiting period of 90 days from date of hire.
Your Family - You may elect to cover your lawful spouse under age 70 and your unmarried dependent children from live birth and younger than 19 years old; or younger than 25 years old and a full-time student; 19 years of age or older and primarily supported by the employee and incapable of self-sustaining employment because of a mental or physical handicap.
No one may be covered more than once under this plan. If covered as an employee, you cannot also be covered as a dependent.
How Much Coverage Can You Buy?
You - You may select up to $1,000,000 of coverage in units of $10,000.
Your Spouse - Your Spouse can select coverage in $10,000 units up to a maximum of $250,000.
Your Children - You can select $5,000 or $10,000 of coverage if you enroll your children. The cost is the same regardless of the number of children covered.
Your Monthly Cost
Your cost will depend on the benefit amount and coverage option you select.
Monthly Cost of Insurance |
|
Employee Only | $0.021 per $1,000 of coverage |
Spouse Coverage |
$0.021 per $1,000 of coverage |
Child Coverage |
$0.021 per $1,000 of coverage |
Rates are subject to change.
When You Reach Age 65
A Valuable Combination of Benefits
To help protect yourself and your family against losses due to accidents, Accidental Death & Dismemberment Insurance pays 100% of the benefit amount you select for accidental loss of life occurring within 365 days of a covered accident. A covered accident is a sudden unforeseeable event that results in injury or death and that occurs while coverage is in force. To help survivors of severe accidents adjust to new living circumstances, NYL GBS will pay benefits for dismemberment, loss of eyesight, speech and hearing, and paralysis.
If, within 365 days of a covered accident, bodily injuries result in: |
NYL GBS will pay this % of the benefit amount |
Loss of Life |
100% |
Paraplegia |
75% |
Hemiplegia |
50% |
Uniplegia |
25% |
Loss of all the Toes of the Same Foot |
20% |
Coma (after 12 months the benefit amount will increase to 100%) |
1% |
If the same accident causes more than one of these losses, we will pay only one amount, but it will be the largest amount that applies.
Loss of hand or foot means complete severance through or above the wrist or ankle joint. Loss of sight means the total, permanent loss of the sight of the eye. The loss of sight must be irrecoverable by natural, surgical, or artificial means. Loss of speech means total, permanent and irrecoverable loss of audible communication. Loss of hearing means total and permanent loss of hearing in both ears, which cannot be corrected by any means. Loss of a thumb and index finger means complete severance through or above the metacarpophalangeal joints (the joints between the fingers and the hand). Paralysis means loss of use, without severance, of a limb. This loss must be determined by a doctor to be complete and not reversible. Severance means complete separation and dismemberment of the limb from the body.
Other Benefit Features
For Child Care Expenses
Accidental Death & Dismemberment Insurance pays an additional benefit to help pay for your children's child care expenses.
If you have elected to cover your family members and you or your insured die as a result of a covered accident and you have a surviving child under 13 who is enrolled in a licensed child care center at the time of the accident or within 1 year afterward, we will pay a child care center benefit. This benefit will be an annual sum for each covered child of up to 12% of your benefit amount but not more than $5,000 per year for 5 years or until the child turns 13, whichever occurs first.
We will make the payment to the child's surviving custodial parent or legal guardian.
Each payment will be made at the end of a 12-month period in which there were documented child care center expenses.
For Wearing a Seat belt and Protection by an Airbag
This benefit is payable if an insured person dies as a direct result of injuries sustained in a covered accident while driving or riding in an automobile*, while wearing a properly fastened seat belt (or if the insured is a child, a child restraint as defined by law). That person's death benefit will be increased by 10% but not more than $25,000. If the insured person was also positioned in a seat protected by a properly-functioning, original, factory-installed and properly deployed Supplemental Restraint System ** (Airbag), we will increase that person's death benefit by an additional 10% but not by more than $10,000.
Verification of the actual use of the seat belt and that the supplemental restraint system inflated properly on impact at the time of the accident, must be part of an official report of the accident, or be certified, in writing, by the investigating officer(s) and submitted with the claim.
If it is unclear whether the insured had been wearing a seat belt or that the person was positioned in a seat protected by a properly functioning and properly deployed airbag, the plan will pay a benefit of $1,000. No benefit will be paid if the official accident report indicates that no seat belt was worn and the air bag did not inflate at the time of the accident.
The Education Benefit
If you are the primary source of income for your family, the loss of that income could be devastating to your family, especially if a college education for your children is one of your long-term goals. What’s more, your spouse might need to go back to school in order to gain new skills for employment. Accidental Death & Dismemberment Insurance provides benefits for training or education, as follows:
Hospital Stay Benefit
This benefit pays if a covered person requires hospital confinement*** for treatment of injuries sustained in a covered accident after the 7-day waiting period or a daily maximum of $100, if less. This benefit is payable up to 365 days per covered accident, per covered person.
Exposure and Disappearance
This benefit pays for covered losses resulting from unavoidable exposure to the elements after the forced landing, stranding, sinking, or wrecking of a vehicle in which you are traveling. It also allows the presumption of death if your body is not found within a year of a covered accident.
Common-Carrier Benefit
A covered person must be a passenger at the time of the common-carrier accident, and a proper authority must have licensed the vehicle to transport passengers for a fee. Common-carrier vehicles are limited to airplanes, trains, buses, trolleys, and boats that operate on a regularly scheduled basis between predetermined points or cities. Taxis are not included. This benefit automatically increases your coverage by 50%, up to $500,000.
*Automobile means a self-propelled, private passenger motor vehicle with four or more wheels which is of a type both designed and required to be licensed for use on the highways of any state or country. Automobile includes but is not limited to a sedan, station wagon, sport utility vehicle or a motor vehicle of the pickup, van, motor home or camper type. Automobile does not include a mobile home or any motor vehicle which is used in mass or public transit.
**Supplemental Restraint System means an airbag that inflates upon impact for added protection to the head and chest areas.
***Hospital confinement is defined as a 24-hour overnight stay of a covered person confined to a hospital as an inpatient for which a charge is made. The confinement must be on the advice of a physician and medically necessary. Benefits are also payable for confinement in hospitals operated by or for the United States government. Confinement must start within 30 days of the accident.
What is not covered?
In addition to any benefit-specific exclusions, benefits will not be paid for any Covered Injury or Covered Loss which, directly or indirectly, in whole or in part, is caused by or results from any of the following unless coverage is specifically provided for by name in the Description of Benefits Section in the policy, should you be approved:
When Your Coverage Begins and Ends
Your coverage will start on the date we receive your completed and signed application, and your payroll authorization form. If you’re not actively at work on your start date, we’ll defer your start date until you’re actively at work.
Your coverage will end on whichever comes first:
Spouse or dependent children coverage will end on whichever comes first:
Changing from the Group Plan to Individual Coverage
Designating Your Beneficiary
You can designate your beneficiaries during the enrollment process and maintain your beneficiaries online once your coverage is issued by clicking on "My Account" at the top right corner of your screen.
If the listed beneficiary is a trustee or a trust, you will need to enter the trustee's name, the name of the trust and the date of the trust agreement. The trust document must be presented in order for the claim to be processed.
Apply Today
How Do I Pay My Premiums?
How Your Claims Are Paid
Enroll online by clicking on the “Enroll Online” link under Option 1 above; this will speed up your enrollment process.
These form(s) are in Adobe Acrobat Reader (PDF) format and are available for downloading and printing. Click here to download a free copy of Adobe Acrobat Reader.
If you submit your enrollment application via a paper form, we will enter it into the NYL GBS Benefits Guide website so you can view it online through My Account.
If you submit your beneficiary designation via a paper form, we will enter it into the NYL GBS Benefits Guide website so you can view it online through My Account.
Beneficiary Designation Form - Voluntary
Voluntary Accidental Death & Dismemberment (AD&D) Insurance Change Form
The information requested in the forms below is required for us to begin reviewing your claim. It's important that you provide us with complete and accurate information to avoid a delay in the processing of your claim.
Accidental Death & Dismemberment (AD&D) Insurance Claim Form
Do I have to complete proof of good health?
Who can enroll for Accidental Death & Dismemberment (AD&D) insurance?
Am I protected in remote areas of the world?
How do I designate a beneficiary?
Are there any other programs I should know about?