NASDF, underwriter Bountiful Assurance, PT Prudential
The master insurance liability policy provides for the continuation of Child Support and/or Alimony payments as required under a consent ordered: paternity suit, palimony, cohabitation, civil union or domestic partnership.
This policy provides coverage in the event of unintentional default by the Payor due to death, disability, involuntary unemployment or business bankruptcy. Plus, it provides reimbursement of legal expenses up to $1,000 to enforce payments in the event of intentional default by the payor.
You'll see, at the bottom, a button labeled "Informational PDF". If you click on that, you will see a layout of our pricing from ages 18-65 and to cover support payments of up to $5,000/month. For support payments over $5,000/month, just reach out to us directly at info@nasdf.org and we will provide you with the information. When checking the PDF table for your premium amount, please round the amount of the monthly support to the nearest hundred (i.e., if the monthly amount totals $1240, you would round down to $1200, if it totals $1275, you would round up to $1300).
At the bottom of this page, you will see a button labeled "Enroll Now". If you click on that, it will take you to our intake form. Simply fill out the information and we will email you within 24 hours with the estimate of your cost for insurance and one year's membership to NASDF (the association membership is mandatory due to regulations) and the link to process your payment and enrollment. Following your payment, you'll receive your Certificate of Coverage (as well as all member benefit information including your login for our portal and your child education voucher).
Yes, in order to purchase Support Insured you will have to become a member of our association that provides the insurance, as stated above.
Additional FAQ:
When can coverage be purchased and for how long?
Anytime after the legal obligation is in force. Polices are for one year but can be renewed up and until the legal obligation is completed.
When should I think about buying Support Insured?
At the time you are negotiating the support settlement. If you are the payor, you might be able to negotiate a better settlement by agreeing to take out the insurance.
If you are the recipient (payee), you should have the insurance included in the settlement agreement. In either case, the policy can be issued on the effective date of the court order settlement or anytime thereafter.
What if the payor refuses to purchase the insurance?
The legal receiver or the payee of the support payments may apply and pay for the insurance with or without consent or knowledge of the payor.
How much coverage am I allowed to purchase?
You can only purchase up to the amount of the court mandated amount for the child support and alimony payments. If there is no alimony coverage, it would be up to the court mandated child support amount.
What if I want to purchase more then I’m receiving from the payor?
The policy will only cover up to the court mandated limit and nothing more.
Until what age can insurance be purchased?
Age 65
How does the payor qualify for the insurance?
How does your legal expense reimbursement work?
Up to $1,000 for costs incurred to enforce the payor's maintenance obligations.
How does being self-employed work under the involuntary unemployment coverage?
If the payor is self-employed, the loss of employment must be caused by (not personal) must be caused by business bankruptcy, fire, natural disaster, or loss of a major customer resulting in a drastic loss of business income. The self-employed insured will not be required to qualify for state unemployment benefits.
How does one qualify to receive benefits under the disability coverage?
The payor must be diagnosed by a physician as continually unable to perform any duties for which he/she is qualified by virtue of education or experience and be under continuous care of a physician during the disability period. The disability must begin ninety (90) days after the policy effective date and must last for a minimum of (30) consecutive days, as verified by a licensed physician and will be secondary to any disability claims that are paid through an employer policy such as worker’s compensation or provided by another privately purchased disability policy that the certificate holder maintains.
What is the definition of Involuntary Unemployment?
Payments triggered by verified unemployment caused by layoff (other than employee misconduct) or business closure, lasting a minimum of thirty one (31) days. Unemployment begins ninety (90) days after the policy effective date. Payor must have maintained employment with the same employer for six (6) months prior to the policy effective date.
Are there any Active-Duty benefits that would protect me?
Coverage for maintenance obligations reduced by more than fifty percent (50%) due to active military duty or line-of-duty injuries.
Are there any specific exclusions I should be aware of?
