Barnett and Associates
Workers Compensation may cover you if you get hurt on the job. However, it will not cover you if you get hurt off the job, have a long term illness, or require a non-work related surgery. Workers Compensation does not replace 100% of your lost income, also what happens if the claim is denied or runs out. Our plan’s pay in addition to workers compensation and can provide coverage for up to 24 months.
A Longshoremen’s job is among the most hazardous in the world. The question is not if you are careful, but whether everybody else is? There are a lot of things that can go wrong on the worksite and cause an accident.
It depends on your current situation. It provides for income replacement for long term illness, such as pneumonia, flu,cancer, heart problems or diabetes. However, it can also be used while you are out recovering from a non-accident related surgeries. Surgeries that are the result of “wear & tear,” such as, rotator cuff, hernia, elbow, knee or hip replacement.
The weekly deductions will continue to occur. If you miss a week of work, back deductions can be taken from the following week. However, some ports do not make back deductions and it may be necessary to ether, increase your deductions or pay directly to make your policies current.
Yes, the weekly payments must still be made. We can take the payments out of the disability payments, or you can pay them directly. Some policies have a waiver of premium which after a certain amount of time has passed, the premium payments will be waived.
Contact us and we will send you the claim forms, and the information we need (physician statement & itemized bills) to start the process. We ask that you return your claim forms to our office. We will review your claim to ensure that it is filled out correctly. Many times the Physician’s statement is filled out incorrectly, which will cause a delay in getting your disability claim paid.
Accidental Death Benefit:
Provides a specified death benefit amount if the insured dies as a result of an accident. This is often provided as a supplementary life insurance benefit, payable in addition to the policy’s basic death benefit.
Accident Insurance (benefits):
Accident Insurance provides benefits for on and off the job accidents and pays a lump sum benefit to the insured that can be used to help cover the costs not paid by the primary insurer.
Beneficiary:
The person or party the owner of a life insurance policy names to receive the policy benefit.
Benefit Period:
The specified time during which disability income benefits will be paid under a disability income policy.
Cash Value:
The element of a permanent life insurance policy, which represents the policy owner’s ownership interest in the policy.
Disability Income Insurance:
Insurance coverage that provides income replacement benefits to an insured who is unable to work because of sickness or injury.
Elimination Period:
Period of time set by the insurer that must be met before benefits become available. Insured must be continuously disabled during this period of time.
Face Amount:
The amount of the death benefit payable under a life insurance policy.
Guaranteed Issue:
Guaranteed issue through underwriting, requiring no health questions or medical exams. Applicant need only disclose standard personal information and be actively at work. Insurance is issued up to the GI amount, regardless of medical condition.
Insured:
The person whose life or health is insured under an insurance policy.
Long Term Disability Coverage:
Disability coverage providing long term source of income if the insured cannot work due to covered sickness or injury.
Payroll Deductions:
Charge to cover the cost of insurance, taken directly from insureds weekly paycheck. Deductions occur every week, regardless of the amount of work/pay during that time.
Pre-Existing Condition:
(A) for most individual insurance, an injury that occurred or a sickness that first mani-fested itself before the policy was is-sued and that was not disclosed on the application. (B) condition for which an individual received medical care during the three months immediately prior to the effective date of coverage.
Portability:
If an insured employee leaves the group for any reason, the insured may be able to continue this life insurance coverage by making direct payments.
Premium:
A specified amount of money an insurer charges in exchange for its promise to pay a policy benefit when a specific loss occurs.
Sickness Disability:
An insured is unable to engage in or perform all of the material and substantial occupational duties is under the regular care of a physician for the necessary treatment of an sickness or a non-accident related surgery, and is not actually engaged in any occupation.
Total Disability:
An insured is unable to engage in or perform all of the material and substantial occupational duties is under the regular care of a physician for the necessary treatment of an accidental bodily injury, and is not actually engaged in any occupation.
Universal Life Insurance:
A permanent Life insurance that offers fund value accumulation and a competitive interest rate. It can help ease the financial burden brought upon by the death of one of the family’s providers.
Waiver of Premium:
If you become totally disabled due to covered accident or sickness, coverage will be continued without payment of premium. Typically an elimination period must be met, prior to the Waiver of Premium takes effect. Premium must be paid until the waiver of premium elimination period is met.