the MGIS companies

Our Group Life and Accidental Death and Dismemberment (AD&D) products focus on the special requirements of physician groups and offer substantial competitive advantages.

• Enhanced Waiver of Premium. This feature waives the premium for Group Life coverage for disabled employees who remain totally disabled. This benefit lasts up to age 65 if the disability starts before age 60. We also provide up to five years of Premium Waiver if the disability starts at age 60 or older.
• No Waiting Period for Waiver of Premium. Our contract does not require a six-month or nine-month qualification period before waiving premium payments. Premiums are waived upon total disability.
• Coordinated Filing of Waiver for LTD/Life Customers. Our LTD claims area files the Waiver of Premium benefit automatically for MGIS customers. Programs that do not provide this service are often plagued with administrative complications when claimants and/or employers fail to submit the application for Waiver of Premium, causing a potential loss of their group life coverage when they need it the most.
• Extended Coverage for Partial Disability. Some carriers allow partially disabled claimants to remain on the Group Life plan, with premium payment, for only 12 months (“medical leave of absence”). After 12 months, claimants must convert to an individual policy in order to keep their life insurance. Our contract allows partially disabled claimants, who normally do not meet the definition of total disability for Waiver of Premium, and who also do not meet the “30 hour actively at work” standard definition of eligibility for coverage for Group Life insurance, to continue their Group Life insurance with premium payment as long as they are receiving LTD benefits.
• Accelerated Benefits. Allows covered employees to receive a “living benefit” equal to 75% of their life insurance benefit amount (maximum of $500,000) if they are diagnosed as terminally ill, with a life expectancy of 12 months or less.
• Emergency Travel Assistance. Emergency Travel Assistance is available to MGIS physician groups that choose Basic Group Life coverage. Whether traveling for business or pleasure (100 or more miles away from home), emergency help is a phone call away, anywhere in the world, 24 hours a day, 365 days a year.

AD&D Contract Advantages

• Plenty of Time to File Claims. Some carriers require an AD&D loss to occur within 90 days of the accident. Our AD&D contract allows a full 365 days for an AD&D claim to be filed.
• Generous Benefits. Some carriers only pay an Accidental Dismemberment claim if the claimant physically loses a limb. Our contract pays a claim if the claimant physically loses a limb, or if the claimant suffers permanent loss of use of a limb due to quadriplegia, paraplegia, or hemiplegia.
• Seat Belt Benefit. Provides coverage if the claimant dies in an automobile accident while using a seat belt (lesser of 25% of the AD&D benefit, or $25,000).
• Air Bag Benefit. Provides coverage if the claimant dies in an automobile accident where air bags have deployed (must have been using a seat belt – lesser of 10% of the AD&D benefit, or $5,000).
• Child Care Benefit. Provides coverage if Accidental Death occurs (children under age 13 years; lesser of 2% of the AD&D benefit or actual expense, or $2,000).
• Spouse Education Benefit. Provides coverage if Accidental Death occurs (lesser of $3,000 or actual cost of education).
• Child Education Benefit. Provides coverage if Accidental Death occurs (lesser of 3% of the AD&D benefit or $2,500 or the actual cost of education [maximum four years]).