Teamster Local 404: Life Insurance Benefits For Members?

Teamster members of Local 404 are offered a range of benefits, including health services and insurance. While it is not clear whether life insurance is included in the Health Services and Insurance Plan of Local Union 404, Teamsters members in general are eligible for life insurance benefits. Teamster members can enrol in life insurance with accidental death and dismemberment (AD&D) and are also offered whole life insurance with long-term care and accident protection. This includes a death benefit for the member's entire life, a cash value once accumulated, and nursing home or at-home care benefit.

What are the death benefits for Teamsters Local 404 members?

Teamsters Local 404 members are provided with death and life insurance benefits. These benefits are offered to 1,372 active and retired members and their dependents.

The TeamstersCare Life Insurance Benefit provides financial protection for your family or beneficiaries in the event of your death. If you die from any cause (on or off the job), TeamstersCare pays your beneficiaries a benefit of $50,000. You will also receive a life insurance benefit for your eligible spouse and dependents in the following amounts: $5,000 for your spouse and $2,000 for each eligible dependent child.

If you are diagnosed by a doctor as being totally or permanently disabled, and your disability will likely result in your death within the next 24 months, you are eligible to receive up to 75% of your total $50,000 life insurance benefit while you are living. The remaining benefit is payable to your beneficiary upon your death.

Additionally, the Five-Year Family Protection Benefit gives your family five years of free in-network health care coverage should you die during active employment. If you die while working full-time, your designated beneficiary is eligible for a life insurance benefit equal to 2080 times your hourly rate at the time of your death. For example, if your hourly rate is $30.00, your beneficiary would receive a lump-sum payment of $62,400.

Teamsters Local 404 members can also take advantage of the Teamsters Voluntary Income Protection (VIP+) Plan, which includes Short-Term Disability (STD), Long-Term Disability (LTD), and Life Insurance with Accidental Death & Dismemberment (AD&D).

What life insurance benefits do Teamsters Local 404 members get?

Teamsters Local 404 members get access to life insurance benefits through the Teamsters Health Services and Insurance Plan of Local Union 404. This plan provides insured and self-insured medical, death, and life insurance benefits to active and retired members and their dependents.

While the specific benefits may vary depending on the contract and location, here are some general life insurance benefits that Teamster members can expect:

Financial Protection for Family or Beneficiaries:

Teamsters life insurance plans often offer financial protection for your family or designated beneficiaries in the event of your death. This ensures that your loved ones receive a benefit amount, providing financial support during a difficult time.

Spouse and Dependent Coverage:

Teamsters life insurance may include coverage for your spouse and dependent children. This means that your spouse and children will also be eligible for life insurance benefits, providing an additional layer of protection for your family.

Accidental Death and Dismemberment (AD&D):

Teamsters members can enrol in Accidental Death and Dismemberment (AD&D) coverage. This provides additional benefits in the event of an accidental death or dismemberment, offering further financial security for your family.

Short-Term and Long-Term Disability:

Teamsters members have access to short-term and long-term disability coverage. This protects your income in the event of an illness or injury, ensuring that you and your family are financially supported during periods of disability.

Retirement Benefits:

Teamsters plans often include retirement benefits, such as pension plans and retiree health insurance. These benefits help protect your family's financial security after your retirement or death, providing ongoing support and peace of mind.

It is important to note that the specific life insurance benefits and coverage amounts may vary depending on your location, contract, and individual circumstances. Teamsters Local 404 members should refer to their specific plan documents or contact their local union representative for detailed information about their life insurance benefits and coverage.

How does Teamsters Local 404 life insurance work?

Teamsters Local 404 life insurance provides insured and self-insured death and life insurance benefits to 1,372 active and retired members and their dependents. While I cannot find specific information on Teamsters Local 404 life insurance, I have found information on life insurance for Teamsters in general.

Teamsters members can enroll in Whole Life Insurance with Long Term Care and Accident Protection. This insurance is provided through Allstate and offers a death benefit, cash value, and nursing home or at-home care benefit. Additionally, Teamsters members can enroll in Short-Term and Long-Term Disability insurance, as well as Life Insurance with Accidental Death & Dismemberment (AD&D).

TeamstersCare Life Insurance provides financial protection for your family or beneficiaries in the event of your death. If you die from any cause, on or off the job, TeamstersCare pays your beneficiaries a benefit of $50,000. You will also receive a life insurance benefit for your eligible spouse and dependents: $5,000 for your spouse and $2,000 for each eligible dependent child. If you are diagnosed as totally or permanently disabled and your disability will likely result in your death within 24 months, you can receive up to 75% of your total $50,000 life insurance benefit while you are living. The remaining benefit is payable to your beneficiary upon your death.

The Teamsters Western Region & Local 177 offers a Life Insurance and Disability Plan that includes income protection in the event of illness or injury, as well as benefits for your family in the event of your death. The Plan includes the Five-Year Family Protection Benefit, which provides your family with five years of free in-network health care coverage if you die during active employment. If you work full-time and die, your designated beneficiary is eligible for a Life Insurance benefit equal to 2080 times your hourly rate at the time of death. For example, if your hourly rate is $30.00, your beneficiary would receive a lump-sum payment of $62,400. If you work part-time, your beneficiary is eligible for a benefit equal to 1040 times your hourly rate or $40,000, whichever is greater.

The Western Conference of Teamsters Pension Trust also provides death and survivor benefits for married and non-married participants, both before and after retirement.

What is the Teamsters Local 404 life insurance enrolment process?

Teamsters Local 404 members can benefit from life insurance as part of their health services and insurance plan. This insurance plan provides insured and self-insured medical, death, and life insurance benefits to 1,372 active and retired members and their dependents.

Teamsters Local 404 Health Services has employees available to help assist members and answer any questions about their health insurance. The contact information for Teamsters Local 404 is as follows:

Phone Number: 413-781-6326

Address: 115 Progress Ave Springfield, MA 01104

Teamsters Local 404 Health Services Insurance Participants can also register for LiveHealth.

Teamsters Local 404 is a part of the International Brotherhood of Teamsters, which offers Teamsters Voluntary Income Protection (VIP+) Plans. These plans allow members to enrol in Short-Term Disability (STD), Long-Term Disability (LTD), and Life Insurance with Accidental Death & Dismemberment (AD&D).

The enrolment process for the Teamsters Local 404 life insurance is not explicitly stated. However, assuming that the life insurance is acquired through the Teamsters Voluntary Income Protection (VIP+) Plan, the following steps can be taken to enrol:

• Visit the official website of the International Brotherhood of Teamsters.
• Locate the section or page dedicated to member benefits, where you can find detailed information about the Teamsters Voluntary Income Protection (VIP+) Plan.
• Review the eligibility requirements to ensure you meet the criteria for enrolment.
• Complete any necessary enrolment forms or applications, providing the required personal and employment information.
• Submit the enrolment form or application by following the instructions provided, which may include submitting it online, by mail, or in person at the union office.
• Wait for confirmation of your enrolment, which may include receiving an enrolment package or a membership card.
• Familiarize yourself with the coverage details, including any limitations, exclusions, and the effective date of your life insurance coverage.
• Ensure that you understand the process for filing a claim, should the need arise, and know how to contact the insurance provider or union representative for assistance.

It is important to note that the specific steps may vary, and it is always recommended to refer to the official sources or contact Teamsters Local 404 directly for the most accurate and up-to-date information regarding the life insurance enrolment process.

What is the Teamsters Local 404 life insurance claims process?

Teamsters Local 404 members are offered health services insurance through Tri-Fund, which provides insured and self-insured medical, death, and life insurance benefits to active and retired members and their dependents.

Teamsters Local 404 Health Services has employees available to help assist members and answer any questions.

While I cannot find explicit information on the life insurance claims process for Teamsters Local 404, I have found the following information on the life insurance benefits provided by Teamsters:

Teamsters members may enroll in life insurance with accidental death and dismemberment (AD&D) through the Teamsters Voluntary Income Protection (VIP+) Plan. This plan includes short-term and long-term disability insurance.

Teamster Privilege also offers two new important supplemental insurance programs through Allstate:

• Whole Life Insurance with Long Term Care: This includes a death benefit for your entire life, a cash value once accumulated, and a nursing home or at-home care benefit.
• Accident Protection: This includes a cash benefit to help in the event of an accident.

TeamstersCare also provides life insurance benefits to full-time members. In the event of death, TeamstersCare pays beneficiaries a benefit of $50,000. Eligible spouses receive $5,000, and each eligible dependent child receives $2,000. An accelerated death benefit is also available for those diagnosed as totally or permanently disabled, with likely death in the next 24 months.

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