Union Labor Life offers a variety of life insurance coverage to fit the needs of working families.
Term Life Insurance: Term insurance is generally the most affordable form of life insurance. Premiums do not change during the coverage term due to changing health conditions or other personal circumstances. Applicants under age 55 may not be required to take a medical exam. Union Labor Life’s Term Life insurance is available for 5, 10, 15, 20 and 25 year durations. Our Term Life Insurance coverages have accelerated benefits for terminal illness and organ transplant and are tailored to fit the needs of actively working union members with a unique Strike Waiver of Premium benefit.*
Senior Term Life Insurance: Designed for union members, retirees and their spouses ages 50 to 80. Issuance is based on answers to a few questions on a brief application. Once coverage is issued, rates are guaranteed to remain level, and coverage continues up to age 100 as long as the group policy remains in force. Rates may be changed only if changed for everyone under the group policy. When the insured reaches age 100, the coverage endows, and the full face amount is paid to the insured.
Whole Life Insurance: Designed for individuals and their spouses who are between the ages of 50 to 80 years old. Unlike term life insurance policies which end after a specified time period, this plan offers coverage up to age 100 and builds cash value along the way.
Graded Benefit Life: Our flexible underwriting helps members get the coverage they apply for; however, if health conditions preclude members from obtaining that coverage, they can purchase Graded Benefit Life Insurance, guaranteed to be issued regardless of health conditions. Life insurance benefits under this coverage build over a 10-year period. This product also includes a Strike Waiver of Premium benefit.*
Visit www.UnionCare.com [1] for more information or to apply for coverage.
* Benefits not available in all states. Please see your policy or certificate for full details.
