ORNG Benefits Inc makes it a priority to research and offer the best programs that our Board has been able to identify. To qualify, the programs must be available for members of the Oregon National Guard, the Officer and Enlisted Associations, and in some cases ORNG Retirees and families of Guard members. The premiums must be competitive and the Insurance Companies must agree to return an administrative fee back to the Associations for each policy program written. Contact our Benefits Coordinator for specific information and or a quote.
TERM INSURANCE is typically designed to provide the greatest amount of life insurance coverage during the period of life when the loss of income would be most devastating. It is designed for a limited period and usually offered in limits between $5,000 to $500,000. Our Term Life Program is called SSLI (State Sponsored Life Insurance: see coverage overview and rates at: www.ssli.org). PROGRAM BENEFITS: Up to $10,000 death benefit is paid within 24 hours, spouse and dependent coverage available, guaranteed issue minimum basic coverage, no war, suicide or aviation exclusions, accelerated death benefit (50% of coverage) in event of terminal illness, program can be taken with you upon departure from the National Guard. We also offer a SELECT TERM program which was also created for specific limited periods, but typically for those over 40 years of age. This program may fit better for full time technicians and AGRs.
PERMANENT INSURANCE or sometimes called "Whole Life", this coverage typically provides life insurance coverage to age 100. Often it is based upon a flat monthly premium paid either for life or specified periods. This coverage, once offered, is guaranteed renewable and as long as the premium is paid. Often, this coverage is combined with the Term Life Insurance program to provide coverage to age 100, with the greatest coverage (term insurance) during the most critical time of need. Remember this coverage typically lasts to age 100, and the Term Insurance is for a limited period only.
LONG TERM CARE:Coverage offered to protect against the costs associated with long term illnesses. These costs are typically associated with the costs of nursing home care or assisted living care facilities. Annual costs for nursing homes have been estimated at around $44,100, and $25,300 for assisted living facilities. Coverage is offered for Oregon National Guard Members, Family Members (spouse, brother, sister, parent or grandparent), or Retirees. With many programs available, one can be designed around your specific needs/budget. The potential high cost of this type of care could put savings, 401k and retirement assets seriously at risk. Typically, the younger you are when applying for this coverage, the lower the monthly premium. Also, the less chance a medical issue would disqualify you for coverage.
PLANNING FOR SPECIAL NEEDS
Oregon National Guard members having trouble grappling with lifetime planning for special needs children, may now have an option. Our program contact understands government benefits, social security programs, advanced estate planning and emotional support. Typically, this program relates to children with Downs Syndrome, cerebral palsy, autism and traumatic brain injuries, to name a few. This program will help parents and guardians gain a greater understanding of benefits and programs available. Program components could include: Learning techniques to preserve governmental benefit eligibility for Social Security Income and Medicaid, Understanding legal and financial issues included with special needs planning and trusts, The Letter of Intent, Reviewing legal options when the special needs child turns 18 to include guardianship and conservatorship, and determining how much money is needed to provide lifetime quality care.
MILITARY MORTGAGE PROGRAM: Only Chase offers National Guard Servicemembers a program designed to reduce the burdens associated with mortgage payments during periods of deployment. Approved servicemembers are eligible for an 18 month deferment of payments during deployment, with no additional interest. This Extended Repayment Agreement goes beyond the SCRA (Servicemember?s Civil Relief Act) of 2003, providing more flexibility. Chase offers: Special mortgage assistance during the entire mobilization period, $300.00 off of closing costs on new purchase or refinance, flexible repayment options and a wide array of mortgages from fixed, adjustable rate, interest-only and low or no-closing costs options, accelerated eligibility for VA Loans and a dedicated 1-800 number and special department to work directly with the military person.
To the right, below the Chase Soldier Picture, are two links to special files for your review and use. The first is a flier announcing the mortgage program and the lower one a coupon for $300 off the closing cost. Just click on the link and download the files.
NEW: Chase expands benefits to Military Servicemembers and Veterans with Cash Back for Home Sellers, Buyers. Through the new Home Connect real estate assistance program, servicemembers and veterans can now receive up to $2,500 cash back on a home sale and purchase. Contact a Home Connect Preferred Agent in your area 1-800-463-3992.
CANCER INSURANCE PLAN: Two plans are available underwritten through Monumental Life Insurance Company. USBA recommends the "Preferred Plan" which offers benefits like: - First Occurrences of internal cancer: $1,500 - Hospital confinement: Days 1 thru 69...$250/day, Days 70+ 100% (maximum monthly benefit $5,000), Radiation and chemotherapy...$1,000 (maximum benefit per illness period), Ambulance...$50 per one way trip, Transportation...$300 (maximum benefit per round trip), Extended Care facility...$100/day.
These are only some of the benefits of the plan. This USBA Cancer Expense Insurance Plan offers comprehensive Individual benefits for $22.00/month and $33.00/month for the Family Plan. Click on the USBA Logo link below to connect to the USBA Cancer Program site, to review the details, obtain free information, or to contact someone.
DENTAL COVERAGE: No enrollment fee, $1,500 Annual Benefit Option, 100% Preventive Coverage Plan, multiple plan designs available, initial 12 month rate guarantee, includes coverage for seniors, no waiting periods for most services, freedom to use dentist of your choice.
"PRIMESTAR"
Click on the "DENTIST" picture link to the right to learn more about the PrimeStar Dental program, benefits, costs and online sign-up option.
REVERSE MORTAGES can provide homeowners 62 years of age and older financial freedom by using the equity in their homes to generate cash for whatever their income needs are: Paying off existing debt, no more monthly mortgage payments, providing monthly income, additional cash for investing, creating a cash reserve for emergencies or just simply to provide extra cash to do something special. Under this program, you retain ownership of your home, and live in your home as long as you please. Features: Government insured program, counseling by approved Fannie Mae or HUD counselor is required, Social Security or Medicare eligibility may not be affected, and generally neither are SSI/Medicaid/MediCal, no income qualifications, use of loan proceeds not restricted, loan proceeds are tax free, available balance on line of credit grows annually.
SUPPLEMENTAL HEALTH COVERAGE: USBA, together with NGAUS/EANGUS, developed a TRICARE Reserve Select Supplement Insurance plan offered to all members of the National Guard. This TRICARE Supplement plan is designed to provide secondary coverage that will provide reimbursement for covered civilian medical bills after TRICARE pays the government's share of the cost. This is a guaranteed acceptance plan*. Out-of-pocket expenses can mount up quickly when receiving medical care outside the military system. This plan helps to pay TRICARE cost share for in-hospital and outpatient care, doctor visits, emergency room care, prescription medications, and much more. Income generated from the program will be paid directly to NGAUS who will in turn compensate the appropriate state for those NG Members enrolled. You must be a member (active or retired) of the National Guard to qualify. Applications can be printed online. Click on the link below to determine eligibility, costs and benefits. * A pre-existing condition may initially limit the extent of your coverage.
