BENEFITS & COSTS
IBEW Local 2
Summary of Benefits
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 (Mon-Fri 8am-5pm CT)
Short-Term Disability (STD)
- Pre-existing conditions are covered after 12 months
- Covers off the job disabilities resulting from injury or illness
- Stackable with other benefits
STD OPTION A: Coverage is available from $200-$500 in $50 increments. Pays on day 30 for up to 22 weeks.
COVERAGES | MONTHLY PREMIUMS | ||||||||||||||||||
WEEKLY BENEFIT* | AGE <30 |
AGE 30-39 | AGE 40-49 | AGE 50-59 | AGE 60-69 | ||||||||||||||
$200 | $10.20 | $16.00 | $23.00 | $36.20 | $53.00 | ||||||||||||||
$300 | $13.80 | $22.50 | $33.00 | $52.80 | $78.00 | ||||||||||||||
$400 | $17.40 | $29.00 | $43.00 | $69.40 | $103.00 | ||||||||||||||
$500 | $21.00 | $35.50 | $53.00 | $86.00 | $128.00 | ||||||||||||||
*For additional weekly benefit options, please call (224) 770-5305.
STD OPTION B: Coverage is available from $200-$500 in $50 increments. Pays on day 15 for up to 24 weeks.
COVERAGES | MONTHLY PREMIUMS | ||||||||||||||||||
WEEKLY BENEFIT* | AGE <30 |
AGE 30-39 | AGE 40-49 | AGE 50-59 | AGE 60-69 | ||||||||||||||
$200 | $13.00 | $19.00 | $27.00 | $43.00 | $63.00 | ||||||||||||||
$300 | $18.00 | $27.00 | $39.00 | $63.00 | $93.00 | ||||||||||||||
$400 | $23.00 | $35.00 | $51.00 | $83.00 | $123.00 | ||||||||||||||
$500 | $28.00 | $43.00 | $63.00 | $103.00 | $153.00 | ||||||||||||||
*For additional weekly benefit options, please call (224) 770-5305.
Long-Term Disability (LTD)
- Three options available, with 24/7 coverage.
- Pre-existing conditions are covered after 12 months.
- Benefits paid are tax-free.
- Benefit cannot exceed 60% of pre-disability earnings.
- Covers on and off the job disabilities resulting from injury or illness.
LTD OPTION A: Pays a flat rate $2,000 monthly benefit for up to 2 years. Pays after 180 day waiting period.
COVERAGES | MONTHLY PREMIUMS | ||||||||
MAX MONTHLY BENEFIT | AGE <30 |
AGE 30-39 | AGE 40-49 | AGE 50-59 | AGE 60-69 | ||||
$2,000 | $6.00 | $9.00 | $15.00 | $29.00 | $53.00 | ||||
LTD OPTION B: Pays a monthly benefit of 60% of your pre-disability earnings for up to 2 years. Pays after 180 day waiting period.
COVERAGES | MONTHLY PREMIUMS | ||||||||
ANNUAL EARNINGS** |
MAX MONTHLY BENEFIT | AGE <30 |
AGE 30-39 | AGE 40-49 | AGE 50-59 | AGE 60-69 | |||
$50,000 | $2,500 | $6.75 | $10.50 | $18.00 | $35.50 | $65.50 | |||
$60,000 | $3,000 | $7.50 | $12.00 | $21.00 | $42.00 | $78.00 | |||
$80,000 | $4,000 | $9.00 | $15.00 | $27.00 | $55.00 | $103.00 | |||
$90,000 | $4,500 | $9.75 | $16.50 | $30.00 | $61.50 | $115.50 | |||
$100,000 | $5,000 | $10.50 | $18.00 | $33.00 | $68.00 | $128.00 | |||
**Annual earnings include your total compensation for the year including overtime.
LTD OPTION C: Pays a monthly benefit of 60% of your pre-disability earnings for up to 5 years. Pays after 180 day waiting period.
COVERAGES | MONTHLY PREMIUMS | ||||||||
ANNUAL EARNINGS** |
MAX MONTHLY BENEFIT | AGE <30 |
AGE 30-39 | AGE 40-49 | AGE 50-59 | AGE 60-69 | |||
$50,000 | $2,500 | $9.25 | $19.25 | $40.50 | $90.50 | $128.00 | |||
$60,000 | $3,000 | $10.50 | $22.50 | $48.00 | $108.00 | $153.00 | |||
$80,000 | $4,000 | $13.00 | $29.00 | $63.00 | $143.00 | $203.00 | |||
$90,000 | $4,500 | $14.25 | $32.25 | $70.50 | $160.50 | $228.00 | |||
$100,000 | $5,000 | $15.50 | $35.50 | $78.00 | $178.00 | $253.00 |
**Annual earnings include your total compensation for the year including overtime.
Life with Accidental Death & Dismemberment (AD&D)
- Member coverage is available for $10,000 or $20,000.
- No medical questions asked for coverage.
- 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 100% of Member election).
– Spouses can be covered for $5,000 or $10,000
– Children eligible for a flat $10,000 of coverage. One fee covers all dependents. - Coverage is 24/7 on and off the job.
LIFE AND AD&D BENEFITS & MONTHLY PREMIUMS
MEMBER | MONTHLY PREMIUMS | |||||||||||||||||
COVERAGE | AGE <30 |
AGE 30-39 | AGE 40-49 | AGE 50-59 | AGE 60-69 | |||||||||||||
$10,000 | $3.60 | $4.00 | $6.00 | $10.10 | $19.50 | |||||||||||||
$20,000 | $5.20 | $6.00 | $10.00 | $18.20 | $37.00 |
SPOUSE* | MONTHLY PREMIUMS | |||||||||||||||||
COVERAGE | AGE <30 |
AGE 30-39 | AGE 40-49 | AGE 50-59 | AGE 60-69 | |||||||||||||
$5,000 | $2.80 | $3.00 | $4.00 | $6.05 | $10.75 | |||||||||||||
$10,000 | $3.60 | $4.00 | $6.00 | $10.10 | $19.50 |
*Spouse premiums are based on Member’s age.
CHILD(REN) | MONTHLY PREMIUMS | |||||||||||||||||
COVERAGE | UNDER 26 YEARS OLD | |||||||||||||||||
$10,000 | $2.40 |
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.
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@unioninsurance.com.
Time Left to Enroll
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Enrollment Ends 9/16/2022
Coverage Begins 10/1/2022
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.

(224) 770−5305