GTL’s new Advantage Plus® Elite
Hospital Indemnity Insurance has a
potent one-two punch!
Couple GTL’s fast, transparent claim processing with over 16 years of developing innovative hospital indemnity benefits, and it’s clear that Advantage Plus Elite continues the champion legacy in the senior hospital indemnity industry!
See below for details on how GTL’s Advantage Plus Elite knocks out the competition:
Base Benefits
|
Advantage = GTL |
| FEATURES | GTL | SIMILAR COMPETITOR OFFERINGS |
| Daily Hospital Confinement | 1-Day Benefit Period $1,000 – $2,500 ($10 Increments) | 6 – 10, 21 or 31 Day Benefit Period $100 – $600 ($25 Increments) |
| 3 – 10, 15 and 31* Day Benefit Periods $100 – $750 ($10 Increments) | ||
| Short Duration Benefit | 1-Day Benefit Period 25% of Daily Benefit Chosen | N / A |
| 3 – 10, 15 Day Benefit Period 100% of Daily Benefit Chosen | ||
| Benefit paid for hospitalizations from initial 6 – 24 hrs (observation or confinement) | ||
| Observation Status | 10% of Daily Benefit, no limit | Maximum of 6 Days per year. |
| Emergency Room Benefit | $150 benefit, includes Urgent Care & no hospitalization required. | $150 per day – Admission to hospital required within 24 hours, 4 days maximum per year. |
| Urgent Care additional cost. | ||
| Restoration | 60 days for non-confinement (unlimited) | 60 days for non-confinement (unlimited) |
| Inpatient Mental Health | $175 maximum of 7 days per year | $175 maximum of 7 days per year |
Optional Riders
|
Advantage = GTL |
| FEATURES | GTL | SIMILAR COMPETITOR OFFERINGS |
| Ambulance Rider | $50 – $400 payable up to 4 times per year – 12 lifetime trips. Includes Air Ambulance. | $250 per day benefit up to 4 trips per year – $2,500 lifetime maximum. |
| No Hospitalization required. | ||
| Lump Sum Cancer Rider | $2,500 – $20,000 in Lump Sum Benefit | $1,000 – $10,000 in Lump Sum Benefit |
| Include 25% In-Situ Benefit and $500 Skin Cancer Benefit | 1 benefit per lifetime | |
| Recurrence Option Available | ||
| Skilled Nursing Rider | Option 1: Days 1-50: $100-$220 ($10 Increments) available | Option 1: Days 1-50: $100, $150 or $200 per day |
| Option 2: Days 21-100: $100-$220 ($10 Increments) available | Option 2: Days 21-100: $120 per day | |
| Restoration after 60 days of non-confinement (no limit) | One time restoration | |
| Outpatient Surgery Rider | $250 – $1,000 benefit payable 2 times per year | $250 – $1,000 benefit payable 2 times per year |
| Outpatient Therapy and Chiropractic Services | $50 per day benefit, 15 or 30 day benefit period | $50 per day benefit, 15 or 30 day benefit period |
| $50 per day benefit for Chiropractic services, 5 days per calendar year. | $50 per day benefit for Chiropractic services, 5 days per calendar year. | |
| Lump Sum Hospital Rider | Available with 3+ days of Daily Benefit | Available with 6+ days of Daily Benefit |
| Additional benefit payable above the daily benefit of $250, $500 and $750 | Additional benefit payable above the daily benefit of $250, $500 and $750 | |
| Restoration after 60 days of non-confinement | Option of up to 3 payments per year | |
| Urgent Care Rider | $150 included in Base Benefit, 60 day restoration, no separate rider | $50 benefit per day up to 4 days each calendar year under separate rider |
Other Product Information
|
Advantage = GTL |
| FEATURES | GTL | SIMILAR COMPETITOR OFFERINGS |
| Underwriting | 5 Yes/No Questions, NO additional underwriting | 9 Yes/No Questions, NO additional underwriting |
| Question look back 3 months and 12 months | Question look back 12 months | |
| Guarantee Issue between ages 64½ and 65½ | Separate Applications | |
| One application for 2 applicants | ||
| Rates | Unisex | Gender Specific |
| One rate for a state | Zip code based | |
| Issue age cost | Issue age cost | |
| Household discount |
Need resources to help explain Advantage Plus Elite to your clients? Go to GTLink to download our printable infographic, client presentation or watch our consumer-facing product video!
Contact GTL’s Sales Support with any questions at (800) 323-6907, or email agency@gtlic.com.
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