TWU

Local 514

Whole Life

Whole life insurance is a permanent policy, which gives you guaranteed protection for your loved ones that lasts a lifetime. With whole life insurance, unlike term, you build guaranteed cash value, which you can use however you want. Participating whole life insurance is eligible to earn dividends, which can be used to increase the death benefit and the cash value of the policy. Or there are other options you could choose, such as using dividends to help pay premiums.

Term Life

  • Guaranteed Issue Offering
    • First time enrollees -$100,000 face amount
    • Spouse -$30,000 face amount
  • Offers a larger benefits amount during high needs years at an affordable rate.
    • Member may elect up to increase by $10,000 or $20,000 without evidence of insurability
    • Spouse may elect up to increase by $5,000 or $10,000 without evidence of insurability

 

TWU Local 514 is excited to announce our 2021 Open Enrollment. These union sponsored exclusive benefits are guaranteed issue for the membership and their families. A benefits counselor will be on site to educate on these valuable benefits and allow you easy access to enroll at your convenience.

TWU Local 514 will have its 2021 Open Enrollment October 18th to November 5th, 2021. During this time a specialized benefit counselor will be on site to help educate you and help you enroll in your benefits. Learn more about the available benefit offerings by reading or watching the videos below.

Short Term Disability

Short term disability insurance pays you a portion of your income in the event an accident or serious illness prevents you from working. Short Term Disability ensures that you can continue to receive partial income in the event that you end up too sick or injured to work, so you can focus on getting healthy and not on your finances. Hartford’s STD pays 50% salary plus up to 15 hours of OT or CS weekly

Long Term Disability

Long term disability insurance is a type of income protection that is designed to cover serious injuries and illnesses that keep you out of work for six months or longer. This includes permanent disabilities that leave you unable to return to work.  Long Term Disability is not offered at this enrollment period, but if you have questions about your existing benefits your counselor can help. Members who are currently enrolled in TWU LTD (Hartford), will be receiving premium payment setup information via email by late December.