The UFCW Local 1442 is pleased to announce that we are providing all active members with a Life and Accidental Death and Dismemberment Insurance Policy, effective December 1, 2008, through United of Omaha Life Insurance Company, a Mutual of Omaha Insurance Company.
The unique benefit design is illustrated below. The benefit amount is tiered based on the length of time you have been an active member of UFCW Local 1442 without a break in membership.
LIFE BENEFITS AND FEATURES |
Life Insurance Benefit Amount | Length of Time you are available for work and active with UFCW Local 1442 | Less than 5 years of service | 5 - 10 years of service | 10 - 15 years of service | 15+ years of service | $5,000 | $10,000 | $15,000 | $20,000 |
To assist you in understanding how the length of time and benefit tiers work, we have provided a few examples below:
- New member of UFCW Local 1442 as of 12/10/08. Life insurance benefit will be $5,000 ($10,000 if accidental death)
- 13 year member of UFCW, however 7 year member of Local 770, 6 year member of Local 1442. Life insurance benefit will be $10,000 ($20,000 if accidental death)
- 18 year member of Local 324, transferred to Local 1442 effective May 2008. Life insurance benefit will be $5,000 ($10,000 if accidental death)
- 17 year member of UFCW Local 1442. Life insurance benefit will be $20,000 ($40,000 if accidental death)
- 8 year member of UFCW Local 1442, transferred to Local 770 for 5 years, returns to Local 1442 for 5 years. Because you can stack your time with Local 1442, you get credit for 13 years. Life insurance benefit will be $15,000 ($30,000 if accidental death)
- 10 year member of UFCW Local 1442, left industry, was a non-union member for 3 years. Returns to industry 8/1/08, as a member of Local 1442. Life insurance benefit will be $5,000 ($10,000 if accidental death)
As always, Local 1442 is working to protect its membership. |
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