PLAN DESCRIPTION:
The Surrogate Accidental Death Insurance® is only offered through New Life Agency and can be purchased in addition to the Surrogate Maternity Coverage. If you purchase our Cycle Medical Plan® that policy has SAD coverage included.
SAD Insurance® is specifically designed to insure both the surrogate's family and the intended parent(s) in the event of death. As any death benefit, it is designed to make the beneficiary's financially whole again.
SAD Insurance® summary of benefits
Coverage
Term: |
Upon approval or 6 week ultra sound through pregnancy until 30 days after delivery. |
Coverage term prior
to pregnancy: |
Your surrogate has SAD Insurance of $200,000 combine single limit if our Cycle Medical PlanSM is purchased. |
| Waiting Period: |
none |
| Application: |
Easy online application
24 hour approval |
| Exam/Testing: |
none |
SAD Insurance® premium and limits
| Premium: |
$595.00 single set premium. No fluctuating premiums. |
Beneficiary
Surrogate: |
$250,000 designated to surrogates beneficiary. |
Beneficiary
Intended
Parent: |
$100,000 designated to Intended Parents as beneficiary.
|
Life Insurance
|
|
 |
| Coverage
Term: |
Coverage is for 12 months from when the policy is issued. The effective date would be known once approved. |
| Coverage term prior
to pregnancy:
|
Your surrogate has SAD Insurance of $200,000 combine single limit if our Cycle Medical PlanSM is purchased. |
| Waiting Period: |
30-45 Days |
| Application: |
Application must be fully completed and return. |
| Exam/Testing: |
Exam is done in the privacy of your own home. An examiner will contact you to set up an appointment once your application is completed. |
Life Insurance® premium and limits
| Premium: |
Fluctuating premiums. Premiums are determined by underwriting department with the life insurance carrier. Health history, financial income and the amount of coverage are some factors they take into consideration. Annual premiums due upon policy being issued.
|
| Beneficiary Surrogate: |
Minimum $250,000 up to $1,000,000 designated to surrogates beneficiary. Additional beneficiaries such as the IP's are not allowed. |
Surrogate Accidental Death Insurance®
