Life Insurance Riders
ACCIDENTAL DEATH BENEFIT
Accidental death benefit can be attached to the whole life plan and the 10, 15, and 20 payment life plans, including the 20 year endowment, where the age of the insured is age 0 to 55. Premiums are payable to age 70 or to the end of the premium-paying period, if earlier. Benefits are in-force until age 70. If the death of the member while the rider is in-force is by accident, then the face amount of the rider is paid in addition to the face amount of the life plan.
WAIVER OF PREMIUM
Waiver of premium can be attached to the whole life plan and the 10, 15, and 20 payment life plans, including the 20 year endowment, where the age of the insured is age 16 to 55. Premiums are payable to age 65 or to the end of the premium-paying period, if earlier. If the member is disabled while this rider is in-force prior to age 65, then the premium on the life plan is waived during the period of disability (even after age 65).
PAYOR DEATH OR DISABILITY WAIVER OF PREMIUM
Payor death or disability waiver of premium can be attached to the whole life plan and the 10, 15, and 20 payment life plans, including the 20 year endowment. The rider is attached to a juvenile member’s life plan, and covers the premium on that life plan if the payor (applicant) dies or becomes disabled. Premiums are payable until the earliest of:
✧ The payor reached age 65
✧ The juvenile reaches age 21
✧ The end of the premium period on the certificate to which the rider is attached
If the payor dies or is disabled while the rider is in-force, then the premium for the juvenile’s life plan is waived until the juvenile reaches age 21.
The Society reserves the right to require a medical examination on any applicant. Death benefit payable in full upon issuance of the certificate to the member while in good health, and upon full payment of first premium. Application must be completed, properly signed by the applicant and a licensed representative. The Ladies Pennsylvania Slovak Catholic Union is a Fraternal Benefit Society incorporated under the laws of the Commonwealth of Pennsylvania. It was organized in 1898 in Hazleton, PA. Home Office is located in Wilkes-Barre, PA. The Society is licensed in the following States: Pennsylvania, Ohio, Indiana, Illinois, Michigan, New Jersey, Connecticut and Massachusetts