- What is an Affinity product?
Affinity products were created to serve professional association members throughout Kentucky including the Louisville metropolitan area: Attorneys, CPAs, Dentists, Physicians, etc. Affinity products combine group rates with important individual coverage features such as "Own Occupation" disability coverage and guaranteed renewable, high limit term life insurance.
- What if I have coverage through my employer as part of my benefits package?
Employer-provided benefits are great, however most professionals should consider adding life and individual disability coverage to fill in any gaps and to help preserve coverage after a change in employment.
- Why do I need more disability coverage?
Your ability to practice is your greatest income earning asset. Many financial planners advise maximizing your individual disability protection as just over 1 in 4 of today's 20 year-olds will become disabled before they retire.1
- What is Franchise Disability coverage?
A hybrid of non-cancellable individual disability and group disability insurance, franchise coverage merges the best of both products. NIA's franchise disability income coverage provides an individual, "Own Occupation" contract on a group rate structure. This is how Affinity products can work in concert to deliver extensive coverage for Kentucky professionals, in the most cost-efficient manner.
- What can I get with NIA's franchise disability coverage that I don't get with my individual disability non-cancellable policy?
NIA disability coverage can often provide additional disability benefits when your non-cancellable coverage is limited due to participation or underwriting limits with ordinary carriers.
- Buying insurance is a hassle isn’t it?
Sometimes (!), but never at NIA; Kentucky Attorneys, Kentucky CPAs, Kentucky Dentists and Kentucky Physicians can all apply for $250,000 of life coverage and $3,000 per month of disability coverage on a 1-page application with no exam, blood test or tax return required.
- What differentiates NIA’s GroupTerm Life Insurance Policies?
You don’t have to give up your future security to get affordable rates today. NIA’s term life insurance plans with affordable out of pocket term life rates are guaranteed renewable to age 75. But when your level period ends in either the 11th or 21st year, you can continue your coverage in our affordable Ultimate Plan. Ordinary term products require full medically underwritten re-entry or prohibitively more costly renewal rates at the end of their term.
- I dropped my membership, what happens to my coverage?
Once you enroll, your coverage is yours to keep as long as premiums are paid when due. Unlike ordinary association or group products, NIA policies cannot be cancelled due to a change in any association membership status.
- Is this different from the typical insurance coverage I see available online?
Very. Typical online life insurance policies may cost the same as those you would buy from a local agent. Policies and rates are required by law to be the same regardless of the way they are purchased. You don’t “save a commission”. You may feel you give up service and control. NIA affinity plans are available online, in person, by mail, and fax through Affinity brokers like NIA. These plans are unique to the market and offer a truly different product and service experience.
- Where is National Insurance Agency located?
NIA is based in Louisville, Kentucky and was established in 1927. Our name came about when Mr. Long left the National Life of Vermont insurance company to become an independent agent. It was during the Depression and Shorty said, “Son, new signs cost money,” so… we replaced “Life of Vermont” with “Insurance Agency” and NIA was born. In 1957 we launched the KBA Life Plan and since that time have paid millions in benefits to Kentucky’s Attorneys, CPAs, Dentists, Physicians and their families.
- How much coverage can I get?
Up to $1 million dollars in life insurance and $10,000 per month of disability coverage. In many cases your association life and disability insurance plans make easy affordable supplements to your existing individual DI or employer provided coverage. In many cases, our disability plans offer supplemental coverage when your existing coverage is at its maximum available amount.
- Who will I call when I need to make a claim?
Our localized, Louisville-based office of expert agents and brokers are well-versed in all things related to our Kentucky clientele and we have extensive experience working with members of the Louisville Bar Association, the Kentucky Bar Association, Kentucky Society CPAs, the Kentucky Dental Association and the Greater Louisville Medical Society. They are more than capable and happy to assist you with individual claims and all necessary administration via telephone, as well as in person.
- We just had a baby, what type of life insurance do we need?
NIA insurance is a good choice when considering life insurance for major life events such as marriages, newborns and even new business partnerships; all key catalysts to create or add new protection.
- I'm single, about to finish my education and need to know when I should get disability coverage?
Whether you're in dental school, a medical student attending a Kentucky medical school, about to begin an internship or become a medical resident, it's never too early to plan ahead and now is the time for you to apply before you may run into insurability issues. As you gain experience and increase your income your insurability is often determined by the medical conditions that gradually affect almost everyone. Maximizing your coverage at an early age protects your insurability and does so at a reduced cost during your younger years.
1 Social Security Administration, Fact Sheet February 7, 2013
