Health & Welfare

GROUP LIFE INSURANCE

WHAT ARE THE LIFE INSURANCE BENEFITS?
You will be covered for $100, 000 Group Life Insurance up to age 65. If you are still active and covered by the Plan on your 65th birthday your life insurance will be reduced to $35,000. There is also $5,000 spousal Life Insurance payable to the member upon the death of their covered spouse. This benefit increases to $10,000 for members with dependent children on the Plan.

Retired members age 65 and over on plan “C”, are covered for $10,000 in the first year reducing by $1,000 per year until this amount reaches $5,000.

ARE THERE ANY CIRCUMSTANCES UNDER WHICH THERE IS NO LIFE INSURANCE COVERAGE?
There is only one exclusion: You are not covered if death results from service in any of the Armed Services.

HOW DO I APPOINT A BENEFICIARY?                                                  You designate your beneficiary on your enrollment card – otherwise the money is paid to your estate. You can change your beneficiary by completing a new card. To do so, ask the Plan Administrator for a “change of beneficiary card.”

IF I LEAVE THE PLAN CAN I CONTINUE MY LIFE INSURANCE?                        You can transfer to an individual policy, provided you do so within 31 days of termination of coverage under the plan. You will have to pay the required premium for the type of policy you choose for your attained age at the time of transfer. You may continue your coverage in this way, provided you have not previously transferred to an individual policy and it is still in force.

HOW IS A CLAIM MADE FOR LIFE INSURANCE?
The beneficiary or administrator of your estate should ask the Plan Administrator for the required forms to make a claim. They will be advised as to what is required in addition to completing a claim form.