Long-Term Protection for Your Long-Term Well-Being
Your ability to earn an income is one of your most valuable assets. IUEC VIP Long-Term Disability (LTD) Insurance protects this asset by providing you with a steady income if an illness or injury prevents you from working for an extended period. Here’s why securing LTD Insurance is a wise decision:
Lasting Security
IUEC VIP LTD Insurance offers financial support for up to 5 years, protecting your lifestyle and your family’s financial future.
Comprehensive Coverage
While IUEC VIP STD covers the immediate aftermath of a disability, IUEC VIP LTD ensures you are protected for the long haul, covering a wide range of disabling conditions and situations.
Peace of Mind
Knowing you have a financial safety net allows you to focus on your health and rehabilitation without the burden of financial worries.
Fill the Gaps
The IUEC VIP LTD is uniquely constructed to pay in addition to any employer-provided LTD benefits and Social Security Disability benefits to ensure your income is adequately protected. Stackable with other eligible benefits, up to 70% of pre-disability earnings.
Customizable Plans
The IUEC VIP LTD benefit levels and duration can be customized to fit your specific needs.
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.
We encourage Members to thoroughly review the complete policy booklet. Email info@unionone.com to request a copy.
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.
For Life: You have 30 days to notify Union One of your retirement if you wish to port or convert your Life Insurance.
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.
