The Nicholas A. Barlow
Life Insurance Trust
The Story of Nicholas A. Barlow
On January 8, 2013, Nick Barlow, in his final year of Pharmacy School at Lake Erie College of Osteopathic Medicine, passed away after an extended battle with cancer. Nick was universally recognized as a wonderful young man with extraordinary potential.
We would like to share a little of Nick’s story with you. After he graduated from Cathedral Preparatory School in Erie, PA, in 2008 Nick attended Gannon University and then went on to Pharmacy School at Lake Erie College of Osteopathic Medicine (LECOM), always in the top 1% of his class. He was also deeply involved in school, church, and community activities. The year before his death, Nick’s mother lost her life after an extended illness. His concern for her and his selfless support for his father and sister took a heavy toll on his own health. Ultimately, Nick lost his battle.
It was at this point Hubbard-Bert realized the importance of providing life insurance coverage for students and thus formed the Nicholas A. Barlow Life Insurance Trust in this young man’s honor. Students don’t typically think about things like life insurance. The insurance industry tends to overlook the needs of young adults who are still building the foundations for their futures. With the rising cost of higher education among young people, Hubbard-Bert, Inc. developed a unique life insurance product that would insure students while attending school. It is also designed in such a way that they can take it into their adult lives. The plan includes guaranteed issue term life insurance along with an assistance program so that students who need guidance have someone to talk to.
By joining The Nicholas A. Barlow Life Insurance Trust you obtain access to the following:
• Low group life rates and unique benefits designed for today’s students
• A high benefit maximum that protects families from lost income and the burden of repaying student debt
• Easy payment and participation – all students receive coverage as part of the tuition
• Options to continue coverage after graduation
• Value-added services that can assist students with financial, legal, and travel issues – and help them balance work, school and life
Set your school
Earning a college degree opens the door to many rewarding opportunities. But many students also incur significant debt along the way.
• If the borrower dies, family members and co-signers could still be responsible for paying back loans. The benefit available through The Nicholas A. Barlow Life Insurance Trust can cover much of the average student’s debt.
• After graduating, life insurance will be essential to help protect their family’s security. Coverage is available after graduation, with no physical exam or health questions.
Financial protection
student borrowers need
Benefits like group life insurance
can help you attract the high-quality
students your school desires.
apart
The Nicholas A. Barlow Life
Insurance Trust was developed to
pool school resources for better
group rates and benefits.
Hubbard-Bert, Inc.
Hubbard-Bert, Inc. is an independent consulting firm specializing in employee benefit planning and services, established in 1936. The firm is comprised of 40 professionals whose average tenure is over 20 years. We have two additional divisions – Benefit Administrators, Inc. (BAI) and Wealth Management and Pension Services – and are proud to provide our clients with commitment, experience, and consistent communication and service.
We are committed to placing our clients’ interests first by identifying and creating benefit plans that make the most sense for them today and in the future. We have developed an extensive network of valued professionals, and our services are strengthened through access to the country’s leading insurance carriers and guidance from specialized legal and investment counsel in national financial centers.
In the capacity of a full-service benefits firm Hubbard-Bert assists in claims, administrative services, labor negotiations, contract renewals, employee communications and market analysis.
Benefit advantages for your students
Available Benefit
Amounts $100,000; $150,000; $200,000 and $250,000
Low Group Rate With coverage spread among a number of educational institutions, students benefit from competitive rates.
Easy Payment Included in tuition bill.
Portable Student can elect portable coverage and continue at the group rate after graduation.
Convertible Student can convert to an individual policy when group coverage ends with
no evidence of insurability required.
Accelerated
Benefit If a student becomes terminally ill with a life expectancy of less than 12 months, he or she can access a living benefit of up to half of the face amount.
Security Account For life claims of $10,000 or more, the designated beneficiary will have immediate access to the funds through a retained asset account. Funds will earn interest in the account until they are accessed.
Value-added
Services Life Planning Financial and Legal Resources –counseling for survivors and terminally ill students, at no additional cost. Personalized financial Counseling can help students and families develop strategies to protect resources, maintain their lifestyles and build future security. Consultants will
not sell any products or services.
Work-life Balance Program – A range of resources to help students find solutions for the everyday challenges of school, work and home – as well as for more serious issues such as substance abuse, divorce, and other mental, emotional and physical hardships. Students can access master’s level consultants and online library among other resources.
Worldwide Travel Assistance – Help with travel emergencies is just a phone call away whenever students travel 100 miles or more from home.
