Group Term Life Insurance

Group Term Life Insurance policies provides affordable coverage for  members and employees with the peace of mind that their families will be taken care of in the event of an untimely death by helping to meet financial obligations and maintain financial security.  Some of our standard plan design benefits and features include:

  • Strike Waiver of Premium for one year during a lawful strike authorized by the union or lockout as a result of a labor dispute exceeding 30 days.*
  • Choice of 100% employer paid or contributory plans 
  • Variety of benefit amounts available to members
  • Additional voluntary life insurance for members on a guaranteed issue basis
  • Conversion Privilege to individual policies  for insureds upon termination or reduction of Group Life Insurance benefits

For more information on our Group Term Life insurance (PDF), please contact our Vice President of group sales, Larry Paradise at 630.743.4252.

* Not available in all states.

Ratings

A.M. Best rates the financial strength of insurance companies and gives an indication of how that company may be expected to perform in the future.

The Union Labor Life Insurance Company’s solid financial position was reaffirmed by A.M. Best Company with a B++ (Good) “Stable” Outlook rating as of 7/22/2016.


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