IMPORTANT NOTICE REGARDING ADDITIONAL LIFE INSURANCE PROGRAM
Dear Brothers and Sisters:
Effective January 1, 2020 Standard Life Insurance Company is adjusting the Additional Life Insurance premium rate to $7.50 per month or $22.50 per quarter. The benefit remains the same at $20,000.00 for working members.
REMINDER: The benefit is reduced for Retired, Honorary and Disabled Members. The Age Benefit Chart can be viewed below.
50 & Less $20,000
50 - 54 years $14,000
55 - 59 years $9,000
60 - 64 years $5,000
65 - 69 years $3,000
70 - 74 years $1,500
75 + years $1,000
IF YOU DO NOT WANT TO PARTICIPATE IN THE ADDITIONAL LIFE INSURANCE
As announced at June's Union Meeting, we will no longer be using union books, the International discontinued the production of these books. Members are encouraged to use there QR card, for dues paid through information and training history.
We will no longer be mailing quarterly buttons with your payments due to the rising costs of postage. Buttons are always available at the Local office or at the monthly union meetings.