C o n n e c t i c u t C a r p e n t e r s H e a l t h F u n d P
l a n
Life Insurance
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If you die while covered under the Health Fund, the Health Fund will pay your
beneficiary the amount of death benefits shown on the table below. You
can name anyone you want as your beneficiary and you can change your
beneficiary at any time. All you have to do is complete, sign and return the
appropriate form to the Health Fund Office. Your election must be on file
with and approved by the Health Fund Office before you die. If
you’re covered as an Active Member and you become totally and permanently
disabled before age 62, you may apply to the insurance company to maintain
your life insurance — without cost — on a year-to-year basis until you’re no
longer disabled or you reach age 65 ― whichever comes first. (This is
called “waiver of premium.”) Continuation
of coverage in the event of disability is not automatic — you have to provide
evidence of your disability to the insurance company each year and get its
approval. Contact the Health Fund Office as soon as possible after you become
disabled so that you don’t miss the deadline for continuation of your coverage.
At
age 65, you will no longer be eligible for waiver of premium life insurance
coverage and will be offered retiree coverage. Your
life insurance benefit may be provided through the Health Fund or from an
insurance company. If an insurance company provides it the terms of the
insurance company policy also apply. As of July 1, 2001 ULLICO is the
provider of life insurance benefits to Health Fund members. You
may be able to convert your coverage to a personal life insurance policy if
you become ineligible for benefits under the Health Fund. To do so, you must
contact the insurance company. It will require you to file an application and
pay the first premium within 31 days after your Health Fund coverage ends.
*
If you were first disabled after January 1, 1999. If you were first disabled before 1999,
the amount is $5,000. |
Life Insurance
Full Spectrum
Disabled Member
Retiree Full
Retiree Reduced |
