Securing Your Loved Ones’ Future
Life Insurance isn’t just about planning for the unforeseen; it’s about ensuring the well-being of those you care about most. Here’s why Life Insurance is an irreplaceable part of your family’s financial security:
Financial Security for Loved Ones
IUEC VIP Life Insurance provides your beneficiaries with a sum of money that can help cover living expenses, debts, and education costs, ensuring their financial well-being if you pass.
Peace of Mind
Knowing that your loved ones will be financially taken care of in your absence can provide you with immense peace of mind.
Estate Planning
Life Insurance can be a cornerstone of your estate planning, helping to cover estate taxes and providing a financial legacy to your heirs or chosen charities.
Affordable Options
Through the IUEC VIP Plan, there are a variety of Life Insurance options available to fit every budget and need.
Spouse and Dependent Coverage
The IUEC VIP Plan also allows you to elect Life Insurance on your Spouse and/or Dependent Children to further protect your family’s financial future.
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.
