BENEFITS & COSTS
IBEW Local 1579
Disability & Life Insurance — Income Protection Plan
Enrolling in these benefits helps ensure your paycheck is protected, but you must act to be insured on this plan. Coverages are guaranteed approved during open enrollment for all actively working/full dues paying Members of the Local.
QUESTIONS? READY TO ENROLL? (224) 770−5305
Short-Term Disability (STD) — Guaranteed approved coverage.
- Pays a flat weekly benefit of either $250 or $500.
– Benefit pays for up to 24 weeks.
– Pays after a 14 day waiting period. - Pre-existing conditions are covered after 12 months.
- Pays for off the job disabilities for covered injuries, surgeries or illnesses.
- Stackable with other benefits up to 100% of pre-disability earnings.
- Benefits paid are tax-free.
SHORT-TERM DISABILITY MONTHLY COSTS
| Weekly Benefit | Age < 30 | Age 30 – 39 | Age 40 – 49 | Age 50 – 59 | Age 60 – 69 | |||||||
| $250 | $9.75 | $11.73 | $16.08 | $23.35 | $33.75 | |||||||
| $500 | $18.50 | $20.00 | $27.50 | $45.00 | $63.50 | |||||||
Long-Term Disability (LTD) — Guaranteed approved, with 24/7 coverage.
LTD OPTION A – FLAT RATE
- Pays a flat $2,000 monthly benefit for up to 5 years.
– Pays after 180 day waiting period. - Pre-existing conditions are covered after 12 months
- Benefit cannot exceed 60% of pre-disability earnings.
- Offset by other benefits.
- Pays for on and off the job disabilities for covered injuries, surgeries or illnesses.
- Benefits paid are tax-free.
LONG-TERM DISABILITY – OPTION A (FLAT RATE) MONTHLY COSTS
| Monthly Benefit | Age < 30 | Age 30 – 39 | Age 40 – 49 | Age 50 – 59 | Age 60 – 69 | |||||||
| $2,000* | $6.12 | $6.72 | $9.00 | $13.56 | $30.12 | |||||||
*Benefit is flat $2,000 unless earnings are below $40k.
LTD OPTION B
- Pays a monthly benefit of 60% of your pre-disability earnings for up to 10 years
– Pays after 180 day waiting period. - Pre-existing conditions are covered after 12 months.
- Offset by other benefits.
- Pays for on and off the job disabilities for covered injuries, surgeries or illnesses.
- Benefits paid are tax-free.
LONG-TERM DISABILITY – OPTION B MONTHLY COSTS
| Annual Earnings** | Monthly Benefit | Age < 30 | Age 30 – 39 | Age 40 – 49 | Age 50 – 59 | Age 60 – 69 | ||||||
| $50,000 | $2,500 | $9.60 | $12.60 | $24.60 | $41.70 | $46.50 | ||||||
| $60,000 | $3,000 | $10.92 | $14.52 | $28.92 | $49.44 | $55.20 | ||||||
| $70,000 | $3,500 | $12.24 | $16.44 | $33.24 | $57.18 | $63.90 | ||||||
| $80,000 | $4,000 | $13.56 | $18.36 | $37.56 | $64.92 | $72.60 | ||||||
| $90,000 | $4,500 | $14.88 | $20.28 | $41.88 | $72.66 | $81.30 | ||||||
| $100,000 | $5,000 | $16.20 | $22.20 | $46.20 | $80.40 | $90.00 | ||||||
**Annual earnings include your total compensation for the year including overtime. For additional benefit amounts not shown, please call (224) 770-5305.
Life Coverage with Accidental Death & Dismemberment (AD&D)
- Member coverage available at either $10,000 or $20,000.
- No medical questions or tests.
- Coverage includes an equal amount of Accidental Death and Dismemberment.
– If death is caused by an accident, the benefit doubles. - Life coverage is convertible and portable.
- Spouse and Child Life/AD&D coverage available when Member Life/AD&D is elected.
– Spouse can be covered at either $5,000 or $10,000.
– Children are eligible for a flat $10,000 of coverage.
– Spouse and Child(ren) elections cannot exceed 100% of Member election. - Coverage is 24/7 on and off the job.
LIFE AND AD&D BENEFITS & MONTHLY COSTS
| Benefit | Age < 30 | Age 30 – 39 | Age 40 – 49 | Age 50 – 59 | Age 60 – 69 | |||||||
| $10,000 | $3.24 | $3.51 | $4.40 | $8.14 | $14.72 | |||||||
| $20,000 | $4.48 | $5.02 | $6.80 | $14.28 | $27.44 | |||||||
Spouse
| Benefit | Age < 30 | Age 30 – 39 | Age 40 – 49 | Age 50 – 59 | Age 60 – 69 | |||||||
| $5,000 | $2.62 | $2.76 | $3.20 | $5.07 | $8.36 | |||||||
| $10,000 | $3.24 | $3.51 | $4.40 | $8.14 | $14.72 | |||||||
* Spouse costs are based on Member’s age.
Child(ren)
| Benefit | Age < 30 | Age 30 – 39 | Age 40 – 49 | Age 50 – 59 | Age 60 – 69 | |
| $10,000 | All children/dependents are covered at one cost of $2.91 | |||||
For more detailed information, and to get costs for annual earnings amounts and rates not listed here, please contact the Enrollment Center at (224) 770-5305.
This program is voluntary and it is solely the Members’ decision to enroll. Members are responsible for paying their own costs. All non-banking administrative and transaction fees are included in the enclosed costs. This is a basic summary of benefits and makes no guarantee or warranty on the processing of claims. Other limitations may apply. It is recommended that each enrolled Member obtain a copy and read the entire policy booklet. A copy of the policy booklet will be available online or you may request a copy by email to admin@unionone.com. Coverages are underwritten by Sun Life. Cost is determined by your age on the coverage effective date, and will increase on the next policy anniversary date after you enter the next age band. Like most insurance polices, insurance polices offered by Sun Life and it’s affiliates contain certain exclusions, exceptions, waiting periods, reductions, limitations, and terms for keeping them in force. AD&D insurance does not include payment for certain losses as described in more detail in your certificate. Specific information pertaining to your insurance can be obtained by contacting your plan administrator. Please contact Sun Life or your plan administrator for complete details.
IMPORTANT: If you leave the union or retire, it is your responsibility to contact our office immediately at (847) 387-3555. Failure to do so within 90 days will forfeit your ability to keep coverage and receive any refunds.
Currently enrolled Members are eligible for changes at renewal.
Time Left to Enroll
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Enrollment Ends 5/22/2023
Coverage Begins 6/1/2023
(224) 770−5305