Dealer Life Insurance (Prudential)

Who qualifies for this insurance?

You must be:

• A member of NADA with a factory-approved, new car or truck franchise
• An owner of at least 10% of the dealership’s corporate stock, or named in a successor or nominee addendum for 10% ownership
• Actively working at least 20 hours per week, or 1,000 hours per year in the business of the dealership
• Under age 70 and able to submit satisfactory evidence of good health

Can my policy be canceled?

Your coverage cannot be canceled due to age as long as:

• You and the dealership meet the qualifications listed; and
• The program remains in force and the premiums are paid on time.

Are there any plan exclusions*?

The insurance does not cover loss of life due to:

• Suicide
• Racing automobiles
• Stunt exhibition flying

*A full explanation of exclusions can be found in the written policy.

Employee Life Insurance (Prudential)

Do I need to see a doctor to enroll?

No. With five or more employees enrolled, coverage is provided without taking a medical exam, providing medical history, or answering any health questions whatsoever!

What is the maximum amount of coverage?

Depending on the number and classification of employees participating in the insurance plan, coverage ranges from $10,000 to $200,000.

What about accidental death?

If death is due to a covered accident, the benefits paid to the beneficiary will be DOUBLED.

What is Dependent Coverage?

Dependent coverage pays a lump sum benefit to the employee in the event of the death of a covered eligible dependent.

Which dependents are eligible?

Eligible dependents include spouses (unless legally separated) and unmarried children between the ages of 14 days and 19 years, including legally adopted, foster, and step-children, who are dependent on the employee for support and maintenance. Coverage will be extended to age 23 for unmarried children who are enrolled as full-time students in an accredited college or university and who remain dependent on the employee.

Personal Accident Insurance Program (AIG)

Who is eligible for this coverage?

Owners, partners, officers and full-time employees of factory-approved, new or car or truck franchises who are NADA members are eligible. Covered participants may also obtain dependent coverage for spouses and unmarried children between the ages of 14 days and 20 years. Coverage may be extended to age 25 for unmarried dependent children who are enrolled as full-time students in an accredited college or university (military service excluded).

What benefits are paid under this plan?

• 100 percent of benefit is paid to the beneficiary for loss of life.
• 100 percent of benefit is paid to the employee for loss of both hands, both feet, sight in both eyes, one hand and one foot, one hand and the sight of one eye, one foot and the sight of one eye, and speech and hearing.
• 50 percent of benefit is paid to the employee for loss of one hand, one foot, the sight in one eye, and speech or hearing.
• 25 percent of the benefit is paid to the employee for loss of thumb and forefinger of either hand.

Long Term Care (John Hancock)

What kinds of services are covered with LTC insurance?

A long term care insurance policy covers all levels of care, including skilled, custodial or personal care at home and in a variety of settings:

• Adult day care: Centers that provide personal and skilled care as well as recreational services
• Assisted living facilities: Living facilities that provide individualized personal care and health services for people who are in transition and have long term care needs
• Nursing facilities: Residential facilities for people who need daily medical care and extensive assistance with their long term care needs

What other benefits are available with LTC insurance?

Financial assistance is not the only kind of support you’ll need when faced with a long-term illness or injury. You’ll want a resource you can talk to about care in general. Our plan also provides these services at no additional cost:

• Advice regarding care-giving resources in your community
• Quality information and reports on thousands of nursing homes, assisted living facilities and home health care providers across the country.
• A care advocate who will work on your behalf to identify providers that are appropriate to your needs.

The Dealer Advantage Program (Wells Fargo Insurance Services-Health)

What are the features of this plan?

The Dealer Advantage Program is designed specifically for dealerships, both large and small. Wells Fargo Insurance Services is one of the largest brokers in the United States and is committed to the automobile dealer market. It has been serving American International Automobile Dealers Association (AIADA) members since 2004 and has a thorough understanding of dealerships’ needs for Group Healthcare plans. NADA Member Benefits Include:

• Reduced Health Care Costs: Special discounts and underwriting can help reduce administrative costs associated with health care for NADA members
• Increased Cash Flow: Dealers can retain and invest the reserve dollars paid to a traditional health care provider as well as take advantage of a reduction in state premium taxes
• Customized Plans: Dealers can tailor plans to their member needs by using one of six preferred provider organization (PPO) options
• Long Term Solutions: Management tools allow dealers to control health care costs over multiple years to help avoid the high annual increases
• Unique Medical Outreach: Proactive Disease, Care and Health Management programs, engaging members before, during and after medical events. These programs offer measurable cost savings and improved care

What about access to care?

The Dealer Advantage Program has a large network of physicians and hospitals, so switching health insurance plans won’t cause your employees to go hunting for new doctors or hospitals.

Prescription Discount Card (Agelity)

Is the card easy to use?

Yes. When purchasing prescriptions, members simply present their card at a participating pharmacy (more than 56,000 locations nationwide) to instantly receive substantial discounts. There are NO claim forms to file, NO medical exams, NO exclusions for pre-existing conditions, and NO requirements or restrictions.

What about mail order prescriptions?

For those on maintenance drugs, our Mail Order Service delivers even richer discounts.

Can I use this card if I already have health insurance with a prescription benefit?

Yes. Those who already have insurance coverage may still find the card useful, as it can discount medications that are not covered by their health plan.

Hole-In-One Insurance (ACECO)

Who decides what hole on the course is covered?

ACECO will insure any hole longer than 130 yards for men and 110 yards for women. The longer the hole, the lower the premium.

What happens if two players get a hole-in-one?

With this coverage, each target hole-in-one golfer receives the prize – no limit!