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Health & Welfare - Life Insurance Life insurance and accidental death and dismemberment insurance (AD&D) are other benefits provided by your health & welfare coverage. If you are not eligible for health benefits you are not eligible for the life and the AD&D insurance benefits. In addition, the life insurance and the AD& D insurance apply only to active participants, it does not cover dependents, retirees, or COBRA self-pays.
Should you pass away during a month in which you were an active participant and eligible for health benefits, your beneficiary will receive a life insurance benefit. The benefits may be paid out as a lump sum or in monthly installments.
Life insurance benefits are as follows:
If you are unsure which plan you are enrolled in, please call the Administrative Office. For complete details on the life insurance benefit, see the Insurance Benefits section of the Summary Plan Description.
If your coverage terminates, you may convert your life insurance to an individual policy. Your life insurance may also continue if you become totally disabled prior to the age sixty while an active participant. Please contact the Pension Department at the Administrative Office for details.
Accidental Death & Dismemberment
Should you die as a result of an accident during a month in which you were an active participant and eligible for health benefits, your beneficiary will receive an accidental death insurance benefit. Accidental death benefits range from $5,000 to $50,000 depending upon the plan in which you are enrolled.
You will receive dismemberment insurance benefits if, as the result of an accident, you suffer the loss of one or both eyes, a hand, or a foot. Accidental dismemberment benefits range from $2,500 to $50,000 depending upon the plan in which you are enrolled and the extent of your injuries. For complete details on the accidental death and dismemberment insurance benefit, see the Insurance Benefits section of the Summary Plan Description.
Designating Beneficiary(ies)
Beneficiary(ies) may be designated on your plan enrollment form. Your beneficiary designation should be kept up to date to be certain that benefits will be paid in accordance with your wishes. If you do not name a beneficiary on your Health & Welfare enrollment form, or if your named beneficiary does not survive you, the benefits will be paid in the following order: to your surviving spouse, children, mother, father, the beneficiaries named in your last will and testament if the will is admitted into probate within 90 days of the date of death.
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