(224) 770−5305

BENEFITS & COSTS

IBEW Local 995

Summary of Benefits & Costs

Coverages are guaranteed approved for all actively working/dues paying Members of IBEW Local 995.

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

  Accident

  • Pays a lump sum benefit directly to the individual
  • Guaranteed Approved coverage — no pre-existing limitations
  • Includes a Wellness Benefit of up to $30 for covered preventive screening
  • Covers injuries including: fractures, burns, concussions, dislocations, lacerations, etc.
  • Covers services including: ER visit, x-ray, MRI, anesthesia, crutches, stitches, casts, etc.

ACCIDENT OPTIONS & MONTHLY PREMIUMS

Coverage Monthly Premium
MEMBER $12.95
MEMBER AND SPOUSE $19.71
MEMBER AND CHILD(REN) $25.93
FAMILY $32.69
HOW DOES ACCIDENT COVERAGE WORK?

Amount payable was generated based on benefit amounts for: Closed-Fracture of the Thigh ($2,400), Ambulance to Hospital ($200), Emergency Room Admission ($125), X-Ray ($50), Medical Devices (crutches) ($50), and Physician Follow-Up ($25).

Call (224) 770−5305 to get premiums not listed above.

  Critical Illness

  • Members can elect either a $10,000 or $20,000 Benefit. (Spouse can be covered at 50% of Member election. Children are covered at 50% of Member election at no additional cost)
  • Includes a $50 Health Screening Benefit
  • Pays a lump sum benefit directly to the individual
  • Covers critical health events such as heart attack, cancer, stroke, COVID, kidney failure and more

CRITICAL ILLNESS BENEFITS & MONTHLY PREMIUMS

Member (Rates are locked at the age you enroll)

MEMBER Benefit Age < 30 Age 30 – 39 Age 40 – 49 Age 50 – 59 Age 60 – 69
$10,000 $8.87 $12.79 $21.97 $40.03 $73.01
$20,000 $14.21 $22.06 $40.41 $76.55 $142.50
SPOUSE Benefit Age < 30 Age 30 – 39 Age 40 – 49 Age 50 – 59 Age 60 – 69
$5,000 $6.19 $8.16 $12.74 $21.78 $38.27
$10,000 $8.87 $12.79 $21.97 $40.03 $73.01

  Life and Accidental Death & Dismemberment (AD&D)

Please note that Life/AD&D guaranteed amounts may be lower or not offered at future open enrollments for Members who do not enroll initially.

  • Member coverage is available from $10,000-$150,000 (electable in $10,000 increments). Spousal and child coverage is also available if Member Life coverage is elected.
  • Spousal coverage is available from $5,000-$25,000 (in $5,000 increments, not to exceed 100% of Member’s election).
  • All Life coverage includes an equal amount of AD&D. If death is caused by an accident, benefit doubles
  • Children are eligible for a flat $10,000 of coverage. One fee covers all dependents.
  • Life coverage is convertible and portable
  • These coverages are guaranteed—no pre-existing condition limitations.

LIFE AND AD&D BENEFITS & MONTHLY PREMIUMS

Member (Elected in increments of $10,000)

Benefit Age < 30 Age 30 – 39 Age 40 – 49 Age 50 – 59 Age 60 – 69
$10,000 $3.29 $3.44 $4.88 $8.59 $16.06
$50,000 $8.45 $9.20 $16.40 $34.95 $72.30
$100,000 $14.90 $16.40 $30.80 $67.90 $142.60
$150,000 $21.35 $23.60 $45.20 $100.85 $212.90

Spouse (Elected in increments of $5,000. Based on Member age. Not to exceed 100% of Member’s Life election)

Benefit Age < 30 Age 30 – 39 Age 40 – 49 Age 50 – 59 Age 60 – 69
$5,000 $2.63 $2.71 $3.43 $5.28 $9.02
$25,000 $5.15 $5.53 $9.13 $18.40 $37.08

Child(ren)

Benefit Age < 30 Age 30 – 39 Age 40 – 49 Age 50 – 59 Age 60 – 69
$10,000 All children/dependents are covered at one cost of $3.16

IMPORTANT NOTE: 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. Benefit effective dates are subject to change. The union does not make any endorsement or recommendations regarding these benefits. 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.

IBEW 995

(224) 770−5305