Insurance and financial products exclusively for MTNA members - National Association News - Music Teachers National Association - Brief Article

American Music Teacher, Dec, 2001

Professional Liability Insurance Included

MTNA is proud to offer its members new insurance and financial products in conjunction with Robert H. Clarkson Insurance Agency and Financial Services, Inc. (RHC) and Raymond James Financial Services.

"MTNA is committed to its members' personal well-being in addition to their professional careers," says Executive Director Dr. Gary L. Ingle. "For several years, we have been searching for an insurance package to offer our members that was comprehensive, without being cost-prohibitive; I believe we have found just that."

While dealing with such matters may not appeal to your musical self, your business side certainly understands the need for various types of protection in case of illness or accident, injury of a student or parent on your property, loss or damage to your instrument, and more.

Louisville, Kentucky-based RHC has been providing insurance products and financial services to large organizations and associations across the country for over thirty-five years.

"We are very pleased and excited to have the opportunity to work with the MTNA," says Russ Wardlaw of RHC. "Our agency has worked for the past six months with the MTNA office in Cincinnati to develop a program specific to the needs and wants of MTNA members and their families."

This exclusive offer available only to MTNA members contains both personal and professional insurance coverage, as well as personal and business financial planning services. For additional information, please contact RHC's MTNA hotline at (800) 338-7148 or check out the MTNA website at www.mtna.org.

Personal Coverages

What if you suddenly had a serious accident? Would you be able to survive financially? You cannot predict when a health problem will occur. Even short hospital stays and simple procedures can cost thousands of dollars out of your own pocket if you do not have adequate insurance protection. Basic medical insurance is crucial, but sometimes even that is not enough.

Below are a few details regarding the medical and life insurance products being offered:

Supplemental Health Insurance: Starting at $35.00 a month

* Hospital indemnity

* $10,000 Life/Accident Death & Dismemberment

* Weekly disability benefit

* Prescription drug benefit

Dental Insurance: Starting at $20.46 a month

* Use any dentist

Vision Program: Starting at $8.08 a month

* In- and Out-of-Network benefits available

Cancer Insurance:

* Age related

Term Life Insurance:

* Waver of premium provision

* Terminal illness provision

Prescription Drug Program: Starting at $8.05 a month

* Available in most states

* Options for generic drug co-pay

Professional Coverages

What are the chances that a student or parent will be injured on your property. As a business owner, you are exposed to greater risk. Additionally, what if something should happen to your instrument? Could you readily replace it?

Below is a brief listing of the professional coverages being offered:

* $1,000,000 General liability and Professional liability, $160.00 annually

* $5,000 Musical Instrument Coverage, $50.00 annually

* $100,000 Sexual Abuse Defense Coverage, $210.00 annually

The professional coverages may be purchased in several combinations:

* Liability, Instrument and Abuse coverages, $420.00 annually

* Liability and Instrument, $210.00 annually

* Liability and Abuse, $390.00 annually

* Liability, $160.00 annually

Personal and Business Financial Planning Services

When a music teacher begins working with a new student, a relationship is formed. Its basis is the student's desire to achieve a certain skill level and the teacher's ability to develop a strategy designed to help the student attain that desired skill. The teacher makes an initial determination of the student's skill, goals are set and the teaching process begins.

Developing a financial plan designed to help investors achieve their objectives follows a similar process as the one described above and is used every day by thousands of MTNA members. And few, if any, firms have been providing this service to clients as long as Raymond James Financial Services.

Below is a brief listing of the financial services being offered:

* Free consultation and development of financial, retirement, college savings, and estate plans

* Financial education seminars and workshops

* Development of a personal nonqualified group annuity

* Award sponsorship