Financial Services

 

Financial Services handles the business and financial related areas of the denomination including the fringe benefits of long-term disability and life insurance.

Following is information on these two important areas as well as information on investment in shared ministries and electronic fund transfers.

If you need enrollment materials or have questions, please contact Jennifer Woolever.

Information & Forms

Financial Focus - GuideStone

Life Insurance

 

 

 

Family Life Monthly Rate  | $14.00

If you are absent from work on the date your coverage would normally begin due to injury, sickness or temporary leave of absence, coverage for you and your eligible dependents will begin on the date you return to active employment.

 

Additional Benefits for you and your family:

  • Assist America®  |  24-hour network of emergency medical and legal resources offering worldwide emergency assistance to active employees and their families who are traveling more than 100 miles from home. For more information, call 1-800-872-1414within the U.S. or e-mail travel assistance services at medservices@assistamerica.com. If you’re traveling outside of the U.S., call (U.S. access code) +609-986-1234.
  • Accelerated death benefit  |  Allows terminally ill participant with a life expectancy of 12 months or less to receive up to 50% of the death benefit prior to death.
  • Portability or conversion of coverage  |  You and your dependents can continue coverage if employment is terminated or you otherwise lose eligibility.
  • Add children without underwriting  |  Notify your employer’s designated benefits administrator within 60 days of a child’s birth, adoption or placement for adoption to add Child Term Life coverage or to add a dependent child to your existing Child Term Life Plan without underwriting.
  • Waiver of Premium  |  If you are approved for Waiver of Premium due to total disability, the Plan (GuideStone) pays premium to continue coverage for your eligible dependents.

Long Term Disability

1The Age Discrimination Employment Act I and ADEA II schedules outline the length of time the benefit will continue if the insured becomes disabled after age 60. See next page for details.

If you are absent from work on the date your coverage would normally begin due to injury, sickness or temporary leave of absence, coverage for you and your eligible dependents will begin on the date you return to active employment.

Additional Benefits | Our goals are simple: protect your financial security during recovery, provide additional support if you become severely disabled and help get you back to work as quickly as possible. The following additional benefits are designed to meet these goals and enrich your benefits plan at no additional cost to you.

Disability Plus® | You will receive an additional 20% benefit if you have lost the ability to perform two activities of everyday living or have a deterioration or loss of intellectual capacity and need another person’s assistance or verbal cuing for protection.

Survivor benefit | If you die after receiving benefits for 180 or more consecutive days, your survivor receives a lump sum payment of six times your last month’s gross disability benefit.

Rehabilitation and Return to Work Assistance |  To encourage you to return to work as soon as you become physically able, individuals receive an additional 10% benefit up to $1,000 per month for participating in a rehabilitation program.

Important long-term disability terms

Benefit percentage. The percent used to determine the benefits payable. The benefit percentage is applied to reported covered salary to determine the benefit amount.

Two or three years own/any occupation (definition of a disability). For the first two or three years (as per plan benefits) of a disability, the employee is considered totally disabled if he or she is unable to perform the material duties of his or her regular occupation due to a covered injury or sickness. After two or three years (as per plan benefits), the employee is considered disabled if he or she is unable to perform the material duties of any gainful occupation for which he or she is reasonably fitted by education, training or experience.

Elimination period (waiting period). A period of consecutive days of disability for which no benefit is payable. The elimination period begins on the first day of disability.

Maximum benefit period (ADEA I). The length of time the benefit will continue if the insured becomes disabled after age 60. The maximum benefit period depends on employee’s age at the time disability begins. These schedules comply with Age Discrimination Employment Act (ADEA) guidelines.

   ADEA      


Pre-existing condition limitation. 
A condition for which an employee received medical treatment, consultation, care or services including diagnostic measures, or took prescribed drugs or medicines for his or her condition during the three months just prior to or the three months just after the effective date of coverage or if disability begins in the first 12 months after your effective date of coverage, unless you have been treatment free for three months after the effective date.

Self-reported mental/nervous limitation. This condition is defined by symptoms that an employee reports to his or her physician but are not verifiable using tests, procedures or standard clinical examinations accepted in the practice of medicine. Examples of self-reported symptoms include, but are not limited to, headaches, pain, fatigue, stiffness and loss of energy. This limitation also applies to disabilities due to mental illness.

Social Security integration: Self. The gross disability payment will be reduced by the amount that an employee receives or is entitled to receive as Social Security disability payments.

Enrollment Form

Enrollment Form - Life Insurance and Long Term Disability

Employer Change Report

Shared Assessment

Why is the Investment in Shared Ministries fund important?

The cost of being a denomination and of coordinating, organizing and motivating the effort of local churches in national outreach is funded through the this area of the budget.

In addition to administrative concerns of the Fort Wayne, Indiana office, funds in this account impact church planting, ethnic ministries, men’s and women’s programs, compassion and benevolent ministries, Bethel College, insurance and many other areas. Local church support materials, Growing a Healthy Church workshops, Missionary Church Today and Priority all depend on the Investment in Shared Ministries fund. In fact, excluding world missions, this account supports every aspect of denominational ministry and administration!

Why is a 2% investment necessary to fund this account?

When the Missionary Church, Inc. was formed in 1969, it had a unified budget that cared for the total denominational administrative and overseas costs. But when the missionary share support system was developed, funds generated through shares were designated only for overseas ministry. The budget was no longer unified. As more and more money was committed to “shares,” the Investment in Shared Ministries area of the budget received less and less.

In 1987, churches were encouraged to set aside 2% of their income to what had always been part of the unified budget. By 1991, only 13% of denominational churches were supporting the fund at this level and over 50% were not supporting it at all. To insure funding, it was necessary to adopt the 2% investment and participation has increased dramatically.

How is the 2% investment calculated?

The 2% is figured on total contribution income on the annual report form submitted to district and denominational offices. Each year the denominational office provides this calculation to assist each church in planning their following year’s budget.

What about inflated income?

When a church experiences inflated income due to a building program, bequests, etc. it can only utilize the 20% maximum increase (over the preceding year’s assessment) for three continuous calendar years. After the third year, the church must revert to the full 2% funding.

What if a church can’t give 2%?

Not only is the 2% giving an investment, it’s also a realistic goal for which churches should strive. Some give 2% while others are able to give as much as 10%. In isolated situations, a church may find it is impossible to invest the full 2%. If your church finds itself in this dilemma, please contact the denominational office to negotiate a lesser assessment goal.

Check, Money Order, or Electronic Fund Transfer

Missionary Church, Inc. is a 501.c3 organization and contributions are tax deductible.

Checks and money orders should be made payable to “Missionary Church, Inc.”  Please designate the purpose and/or ministry-objective of the check.  If there is no designation, it will be assigned to general ministries.

Mail to:

Missionary Church, Inc.
P.O. Box  9127
Fort Wayne, IN 46899

Electronic Fund Transfer is becoming a more routine part of our culture every day.  It is regularly used for the payment of utility bills, insurance premiums or loan payments.  Now the church is able to benefit from this procedure, and Gift Direct allows the Missionary Church to receive electronic transfers of financial gifts from the bank accounts of interested donors.

The Gift Direct program sets up an arrangement between the Missionary Church and your bank so that each month on the same date, a predefined gift will be transferred from your checking or savings account to the Missionary Church.  This program provides several advantages for both you as a donor and for the Missionary Church.

Convenience | You no longer have to write checks, find the address, fill out the envelope, pay for stamps, etc.  The transfer is automatic from your checking or savings account.

Timeliness | Your gift is transferred at the same time every month and does not require you to remember to make the gift.

Security | Electronic fund transfer through Gift Direct is very reliable and accurate.  There are no checks or receipts to be lost, stolen or delayed in the mail.

Stewardship | Since your bank statement will show the transfer, it saves the Missionary Church the time and expense of printing, stuffing and mailing receipts each month.  An annual receipt will be sent for tax purposes.

Signing Up | You may join Gift Direct by filling out the form below and mailing it to the Missionary Church.  Please include a voided check or savings deposit slip.

Download Authorization Form here

Please direct any questions concerning the completion of this form to:

Director of Financial Services
Missionary Church
PO Box 9127
Fort Wayne, IN 46899-9127
Phone: (260) 747-2027
FAX: (260) 747-5331
E-mail: mcdenomusa@aol.com