Life Insurance with Accidental Death & Dismemberment (AD&D)
Life Insurance provides essential financial protection for your loved ones in the event of your passing. It can help cover expenses such as mortgages, education, and daily living costs, ensuring that your family maintains its quality of life. Knowing that you have adequate coverage offers peace of mind, reducing the financial stress that can follow a tragic loss.
Get Started
Enrollment is simple and only takes a few minutes.
Information you will need
– Employment & Income Information
– Spouse & Dependent Dates of Birth & Contact Information
– Bank Account & Routing Numbers
Plan Details
Guaranteed Approved Coverage. You cannot be denied during open enrollment if you are actively working.
No medical questions or test.
Coverage is 24/7 on and off the job.
Pre-existing conditions covered Day 1.
Member coverage available up to $500,000 in $10,000 increments.
- Not to exceed 5 times earnings.
Coverage includes an equal amount of Accidental Death and Dismemberment.
- If death is caused by an accident, the benefit doubles.
Spouse and Dependent Life coverage available when Member Life is elected (cannot exceed 100% of Member election).
- Spouses can be covered up to $100,000 in $5,000 increments.
- Dependents eligible for a flat $20,000 of coverage.
Not meant to replace any existing Life Insurance coverage.
Member Life Insurance with Accidental Death & Dismemberment (AD&D)
Coverage supplements and pays in addition to the Life and AD&D benefits Members may receive through the National Elevator Industry Health Benefit Plan.
| MEMBER | MONTHLY COSTS BY AGE BRACKET | ||||||||||||||||||
| COVERAGE* | <30 | 30-39 | 40-49 | 50-59 | 60-69 | ||||||||||||||
| $100,000 | $9.60 | $11.60 | $22.30 | $57.30 | $126.00 | ||||||||||||||
| $200,000 | $18.20 | $22.20 | $43.60 | $113.60 | $251.00 | ||||||||||||||
| $300,000 | $26.80 | $32.80 | $64.90 | $169.90 | $376.00 | ||||||||||||||
| $400,000 | $35.40 | $43.40 | $86.20 | $226.20 | $501.00 | ||||||||||||||
| $500,000 | $44.00 | $54.00 | $107.50 | $282.50 | $626.00 | ||||||||||||||
*For additional benefit amounts not shown, please click here for the Cost Calculator or call (224) 487-5030.
Spouse Life Insurance with Accidental Death & Dismemberment (AD&D)
Spouses can be covered up to $100,000 in $5,000 increments.
Cannot exceed 100% of Member election.
| SPOUSE | MONTHLY COSTS BY AGE BRACKET | ||||||||||||||||||||||||||||||||||||
| COVERAGE* | <30 | 30-39 | 40-49 | 50-59 | 60-69 | ||||||||||||||||||||||||||||||||
| $50,000 | $5.30 | $6.30 | $11.65 | $29.15 | $63.50 | ||||||||||||||||||||||||||||||||
| $100,000 | $9.60 | $11.60 | $22.30 | $57.30 | $126.00 | ||||||||||||||||||||||||||||||||
*Spouse costs are based on Member’s age.
Dependent Life Insurance with Accidental Death & Dismemberment (AD&D)
Dependents eligible for a flat $20,000 of coverage.
Cannot exceed 100% of Member election.
| DEPENDENT | MONTHLY COSTS | ||||||||||||||||||||||||
| COVERAGE* | ALL DEPENDENTS UNDER 26 YEARS OLD | ||||||||||||||||||||||||
| $20,000 | $3.92 | ||||||||||||||||||||||||
*One cost covers all Dependents.
Important information about this plan
IMPORTANT: The monthly cost for coverage is based on your age at the start of the coverage and will increase on the policy anniversary date after you move into a new age bracket. This benefits guide is tailored for IUEC Members aged 18-70+.
Participation in this program is voluntary, and the decision to enroll rests solely with the Members. Members are responsible for bearing all associated costs. A $2 technology fee is included in all listed monthly costs for the following coverages: Short-Term Disability and Long-Term Disability. A $1 technology fee is included in all listed monthly costs for the following coverages: Member Life and Spouse Life.
IMPORTANT: If you depart from the IUEC, opt-out of paying dues, or retire, you must notify the IUEC Service Center at (224) 487-5030. Not doing so within 90 days could delay or negate your eligibility for a refund. Members have 30 days to notify us of their retirement if they wish to port or convert their Life Insurance.
We encourage enrolled Members to thoroughly review the complete policy booklet, which can be requested by email to info@IUECVIP.com.
This program is administered by Union One Benefits Administration.
This voluntary benefit plan is classified as a Safe Harbor plan and, as such, is not subject to the Employee Retirement Income Security Act of 1974 (ERISA). The IUEC does not contribute to the premiums for this plan on behalf of its Members, does not endorse the plan, and does not require Members to enroll in the plan. Furthermore, the Union receives no financial or other consideration in connection with the administration or promotion of this program.
For STD & LTD: These policies provide disability income insurance only and do NOT provide basic hospital, basic medical, or major medical insurance as defined by the New York State Department of Financial Services.
Group Insurance coverages are issued by New York Life Insurance Company, New York, NY. All Rights Reserved. NEW YORK LIFE, and the NEW YORK LIFE Box Logo are trademarks of New York Life Insurance Company.
