Term-to-70 Life Insurance helps protect your family from the financial burden of an unexpected death. The costs of funeral arrangements and outstanding bills are high enough, not to mention the day-to-day bills (mortgage, car payment, college tuition, etc.) your family will face when you’re gone. And with today's rising costs and debt, many employer-sponsored life insurance plans may not provide enough coverage alone.
The plan’s rates are based on 5-year age bands. And with its "living benefit" feature, you can collect a portion of your benefits from the plan when you might need the money the most — during a terminal illness.
Union Plus Term-to-70 Life Insurance exclusively serves union members and their families. We’re able to provide specially arranged rates typically reserved only for large groups.
- Coverage without re-application, underwriting, or changes to your benefits until age 70 when you can convert to the Senior Life insurance plan without any medical questions.
- Provides a waiver of premium—which means, you don't have to make any payment—for up to 3 months during an involuntary layoff or lockout lasting 30 days or more and is subject to a 30-day waiting period. This is a member-only benefit.
- Unlike some other insurance administrators, Union Plus does not ask you to take a medical exam, depending on your answer to the health questions on the application, for coverage up to and including $150,000 in order to receive coverage. Amounts over $150,000 require a medical exam.
- Provides you a 60-day review period with a satisfaction guarantee if you decide that this coverage is not right for you.
- Gives you a toll-free customer service support phone number.
What Happens If I am Out of Work?
Union Plus Life Insurance includes a valuable feature that waives premiums for three months if a union member is out of work due to a union-sanctioned strike, layoff or lockout lasting 30 days or more.
The AFL-CIO Mutual Benefit Plan provides a hospital grant for eligible members to assist in paying for large, out-of-pocket hospital expenses. This benefit is not provided or endorsed by The Hartford.
Union Plus Life Insurance is underwritten by Hartford Life and Accident Insurance Company, Hartford, CT 06155