Eligibility for Disability and Unemployment

Eligibility Question

• Electing disability or involuntary unemployment option requires answering question 1
• Question 1: Actively working for wages or profit for 25 hours or more per week on contract signing date

Definitions

• Accidental Injury: Bodily harm unforeseen, unexpected, involuntary, externally caused
• Active Employment: Employed for wages or profit 25 hours or more per week
• Administrator: CUNA Mutual Insurance Agency, Inc.
• Advance: Loan extension
• Annual, Regularly Scheduled or Seasonal Layoff: Unemployment due to expected lack of work during certain times of the year
• Borrower: Natural person obligated to repay an advance
• Effective Date of Protection: Maximum of (a) date you purchased protection (b) reinstatement date of contract, or (c) date of advance
• LOAN: Closed-end or open-end credit plan
• Non-Protected Advance: Advance not protected by the contract terms
• Outstanding Balance: Total loan amount owed
• Program Fee: Monthly payment for protection, calculated in arrears (for prior month)
• Protected Balance: Principal, interest, program fee, and agreed-upon loan amounts; doesn't include other fees or non-protected advances
• Protected Payment: Minimum payment amount including principal, interest, and program fee due on the protected balance
• Sickness: Disease, illness, or condition affecting body, causing bodily malfunction or discomfort
• Temporary Employee: Limited-term employment or contingent assignments (different entity)
• Willful or Criminal Misconduct: Willful disregard of employer's interests, violation of rules, disregard of standards, negligent intent

Protected Events

• Life Plus Protection coverage:
  • Death (prior to the 70th birthday): Full balance cancellation up to $100,000 (if death within the month preceding the 70th birthday) or 25% cancellation up to $25,000 (if death after the month preceding the 70th birthday).
  • Two protected borrowers die: Lesser of Life Plus protection amounts for each or the Protected Balance is cancelled.
  • Accidental Dismemberment: Injury (within 90 days) resulting in specific loss.
  • Terminal Illness: Certified diagnosis with 12 months or less life expectancy.
  • Hospitalization: At least 48 hours in hospital
  • Family Medical Leave: Leave of absence (at least 14 days) for newborn, adoption, foster child, or care for sick family member.
  • Loss of Life of a Non-Protected Dependent: Death of a non-protected dependent within the past two years; up to $3,000 cancellation

Disability Protection

• First 12 consecutive months: Unable to perform job duties due to sickness or injury, and under a physician's care
• After 12 months: Unable to perform job duties due to a medically determined illness or injury (and under a physician's care), for any job for which you are reasonably qualified.
• Qualifying requirements (employment income): Minimum income level for 14 consecutive days.
• Continuous payments: Canceled monthly payments for up to 24 months or $24,000 (whichever is reached first).

Involuntary Unemployment Protection

• Unemployment: Unintentional loss of employment for at least 14 days or receipt of state unemployment benefits.
• Active employment search required
• Monthly payment cancellation for a maximum of six months or up to $6,000 (whichever is reached first)

Non-Protected Events

• Atomic explosion, elective cosmetic surgery, intentionally self-inflicted injury, assisted suicide, events occurring before the effective date of protection
• Pre-existing conditions or treatment within 6 months.
• Death within six months of a pre-existing condition, events occurring within 3 months of effective date, or events related to normal pregnancy or childbirth; these events aren't protected.

This quiz covers eligibility requirements for electing disability or involuntary unemployment options. It includes key definitions such as accidental injury, active employment, and loan types. Test your understanding of the terms and conditions necessary to qualify for benefits.