(224) 770−5305

BENEFITS & COSTS

IBEW Local 193

Summary of Benefits & Costs

Take advantage of this enrollment opportunity to supplement the standard benefits provided by your union. Coverages are guaranteed approved for all actively working/dues paying Members of the IBEW.

For quick and easy enrollment, call (224) 770−5305 (M-F 8am-5pm CT)

Short-Term Disability (STD)

Guaranteed approved coverage.

  • Benefit pays for up to 24 weeks.
  • Pays after a 14 day waiting period for injury or illness.
  • Pre-existing conditions are covered after 12 months.
  • Covers off the job disabilities resulting from injury or illness.
  • Stackable with other benefits up to 100% of pre-disability earnings.
  • Benefits paid are tax-free.

STD OPTION A – Pays a flat weekly benefit of either $250 or $500.

COVERAGES MONTHLY PREMIUMS
WEEKLY  BENEFIT AGE
<30
AGE 30-39 AGE 40-49 AGE 50-59 AGE 60-69
$250 $18.45 $19.15 $21.95 $31.18 $43.20
$500 $35.40 $36.90 $42.75 $62.10 $86.90

STD OPTION B – 50% of weekly earnings

COVERAGES MONTHLY PREMIUMS
ANNUAL EARNINGS  WEEKLY BENEFIT  AGE
<30
AGE 30-39 AGE 40-49 AGE 50-59 AGE 60-69
$40,000 $384.62 $15.96 $16.85 $19.77 $28.27 $39.15
$50,000 $480.77 $19.20 $20.31 $23.96 $34.59 $48.19
$60,000 $576.92 $22.44 $23.77 $28.15 $40.90 $57.23
$70,000 $673.08 $25.68 $27.23 $32.35 $47.22 $66.27
$80,000 $769.23 $28.92 $30.69 $36.54 $53.54 $75.31
$90,000 $865.38 $32.16 $34.15 $40.73 $59.86 $84.35
$100,000 $961.54 $35.40 $37.62 $44.92 $66.17 $93.38

Long-Term Disability (LTD)

Guaranteed approved, with 24/7 coverage.

LTD OPTION A – FLAT RATE

  • Pays a flat $2,500 monthly benefit for up to 2 years.*
    – Pays after 180 day waiting period.
  • Pre-existing conditions are covered after 12 months
  • Benefit cannot exceed 60%of pre-disability earnings.
  • Covers on and off the job disabilities resulting from injury or illness.
  • Benefits paid are tax-free.
COVERAGES MONTHLY PREMIUMS
MAX  MONTHLY  BENEFIT AGE
<30
AGE 30-39 AGE 40-49 AGE 50-59 AGE 60-69
$2,500 $5.15 $7.65 $15.28 $31.35 $46.10

*Benefit is flat $2,500 unless salary is below $50k.

LTD OPTION B

  • Pays a monthly benefit of 60% of your pre-disability earnings for up to 5 years
    – Pays after 180 day waiting period.
  • Pre-existing conditions are covered after 12 months.
  • Offset by other benefits.
  • Covers on and off the job disabilities resulting from injury or illness.
  • Benefits paid are tax-free.
COVERAGES MONTHLY PREMIUMS
ANNUAL
EARNINGS**
MAX  MONTHLY BENEFIT  AGE
<30
AGE 30-39 AGE 40-49 AGE 50-59 AGE 60-69
$40,000 $2,000 $6.36 $11.34 $25.22 $42.96 $40.26
$50,000 $2,500 $7.20 $13.43 $30.78 $52.95 $49.58
$60,000 $3,000 $8.04 $15.51 $36.33 $62.94 $58.89
$70,000 $3,500 $8.88 $17.60 $41.89 $72.93 $68.21
$80,000 $4,000 $9.72 $19.68 $47.44 $82.92 $77.52
$90,000 $4,500 $10.56 $21.77 $53.00 $92.91 $86.84
$100,000 $5,000 $11.40 $23.85 $58.55 $102.90 $96.15

**Annual earnings include your total compensation for the year including overtime. For additional benefit amounts not shown, please call (224) 770-5305.

Life Coverage

with Accidental Death & Dismemberment (AD&D)

  • Member coverage is available for $50,000 or $100,000.
  • No medical questions or tests.
  • Coverage includes an equal amount of Accidental Death and Dismemberment.
    – If death is caused by an accident, the benefit doubles.
  • Life coverage is convertible and portable.
  • Spouse and Child Life coverage available when Member Life is elected (up to 50% of Member election).
    – Spouses can be covered for $25,000 or $50,000
    – Children eligible for a flat $10,000 of coverage. One fee covers all dependents.
  • Coverage is 24/7 on and off the job.
MEMBER MONTHLY PREMIUMS
COVERAGE AGE
<30
AGE 30-39 AGE 40-49 AGE 50-59 AGE 60-69
$50,000 $8.05 $9.15 $15.60 $36.20 $84.85
$100,000 $14.10 $16.30 $29.20 $70.40 $167.70
SPOUSE* MONTHLY PREMIUMS
COVERAGE AGE
<30
AGE 30-39 AGE 40-49 AGE 50-59 AGE 60-69
$25,000 $5.03 $5.58 $8.80 $19.10 $43.43
$50,000 $8.05 $9.15 $15.60 $36.20 $84.85

*Spouse premiums are based on Member’s age.

CHILD(REN) MONTHLY PREMIUMS
COVERAGE UNDER  26  YEARS  OLD 
$10,000 $1.90

For more detailed information, and to get premiums for annual earnings amounts and rates not listed here, please contact the Enrollment Center at (224) 770-5305. Email at info@unionone.com.

Time Left to Enroll

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Enrollment Ends 10/14/2022
Coverage Begins 11/1/2022

This program is voluntary and it is solely the Members’ decision to enroll. Members are responsible for paying their own premiums. This is a basic summary of benefits and makes no guarantee or warranty on the processing of claims. Other limitations may apply. It is recommended that each enrolled Member obtain a copy and read the entire policy booklet. All non-banking administrative and transaction fees are included in the enclosed premiums. Coverages are underwritten by Sun Life.

IMPORTANT: If you leave the union or retire it is your responsibility to contact our office immediately at (847) 387-3555. Failure to do so within 30 days will forfeit your ability to keep coverage and receive any premium refunds.

Premium is determined by your age on the coverage effective date, and will increase on the next policy anniversary date after you enter the next age band. The union does not make any endorsement or recommendations regarding these benefits.