IMPORTANT UPDATE:

With Liberty Mutual discontinuing its supplement insurance products at the end of the November, Liferaft will be replacing our Accident Supplemental Insurance product with a similar product offered by NFC. This product will be available for future sales the second week of November 2022.

As you know, health insurance doesn’t fully cover the cost of a hospital or ER visit. With Liferaft’s Accident Supplement Insurance your clients will be reimbursed for medical expenses they have to pay out of pocket for unexpected stays. 

This guaranteed-issue plan is in partnership with NFC and is available in all 50 states plus the District of Columbia. The pricing for the policy plans is very affordable, and individuals who are 18 and older can purchase this plan with no termination age. 

Liferaft’s Accident Supplement Insurance, backed by National Family Care, starts for as low as $6 a month. This policy has no issue age and is available in all 50 states, including D.C. There are four different levels of benefits: Basic, Preferred, Premium, and Elite plans. The policy offers individual and family coverage, with dependent children covered until age 26.

For agents who had previously sold Liferaft's Accident Supplement Insurance backed by Liberty Mutual, we are happy to announce that our new product backed by National Family Care is identical to the LM product in terms of policy structure, cost, and benefits.

This chart below reviews some of the main policy details about Liferaft's Accident Supplemental Insurance product. You will notice there is no difference between the Liberty Mutual and National Family Care products.

• Insurance can be issued to individuals 18 years and older and there is no termination age for benefits.
• Pricing for premiums shown is the same for any person no matter their age or state of residence.
• Services offered: inpatient, outpatient, complete and partial loss.
• Automatically includes accidental death and dismemberment coverage (AD&D), covering the loss of life, limbs, speech, sight, or hearing.
• A $250 deductible applies to each covered injury.

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Liferaft's Accident Supplemental Insurance offers coverage for inpatient costs, outpatient costs, and loss due to an accident. See the charts below for details about the specific coverage percentages. There are no differences in payout amounts between Liferaft's Accident product previously backed by Liberty Mutual and our new product now backed by National Family Care.

In addition to in-patient coverage, if your client receives outpatient care related to an accident that is also covered at the following levels.

For accidents that result in death or dismemberment, Liferaft's Accident Supplemental product also provides valuable coverage.

Coverage types: individual or family plans are available.

• Basic maximum benefit amount - $2,500
• Preferred maximum benefit amount - $5,000
• Premium maximum benefit amount - $7,500
• Elite maximum benefit amount - $10,000

What is the issue age for the Accident Supplement?

To purchase the Accident Supplement policy you must be 18 years of age or older. There is also no termination age for this policy.

What is the payout structure for the Accident Supplement?

The Accident Supplement policy is a reimbursement indemnity. Expenses clients have to pay out of pocket for a hospital or ER visit will be reimbursed, as long as the cost doesn't exceed the benefit amount chosen.

Do clients have to pay a deductible?

Yes, if your client has an accident and needs to seek medical attention, there is a $250 deductible per visit. Clients will receive their benefit payout once their deductible has been paid.