Page 2 - ILA 970

Help Protect You and Your Family with These Voluntary Insurance Products
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If you run out of vacation or leave days, will you have enough savings to make it? Would you want to borrow money from family or friends while you’re getting well? Obtaining Social Security disability bene ts can be challenging and time consuming. The Longshoremen are making voluntary short- term disability income insurance available to you. You must satisfy the income requirements to qualify.
Waiting Period and Bene t Durations
Option 1 - 14 days after a sickness or accident, 6 month duration
Option 2 - 30 days after a sickness or accident, 12 month duration
Option 3 - 30 days after a sickness or accident, 24 month duration
Monthly Bene t:
An amount between $1,200 and $5,000 (in $100 increments), not to exceed 60% of your monthly income.
Short-Term Disability Income Insurance
How long could you go without a paycheck?
10 Year Term Life Insurance
If Something Happens to You,
Is Your Family Ready for Tomorrow?
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There is no way to know what will happen tomorrow, but there
is a way to help protect your family against the unexpected. Trans Select® 10 is Transamerica’s term life insurance product to help meet life’s changes — today and tomorrow.
Riders Included with Base Policy
• Accelerated Death Bene t for Terminal Illness • Accelerated Death Bene t for Critical Illness
Top Reasons to offer the Longshoremen Disability Income Insurance Program
1) To Be Eligible for ILA Disability Retirement Bene ts You Must Meet Certain Criteria
You are entitled to apply for a disability bene t from the Plan if all of the following requirements are met:
• You are totally and permanently disabled.
• Your disability occurs after you have reached age 40 and have completed 15 full or one-half years of Bene t Service.
• You are not a “vested terminated participant*”.
• The Trustees receive satisfactory proof of your disability.
*A Participant who incurs one or more breaks in service as a result of illness which began before the Participant attained age 40 and while the Participant was employed in the industry shall not be a vested terminated participant by reason of the breaks in service.
2) Coverage for Partial Disabilities is Limited
In addition to other eligibility conditions for ILA and SSDI total disability retirement bene ts, you must be unable to perform the critical or essential elements of your position. This means that if you are able to perform some, but not all, of the critical or essential elements of your position, you may be ineligible for bene ts. Although each claim must be evaluated individually, in many instances, a claimant under the Longshoremen Disability Income Program will be able to obtain disability income bene ts even if he or she is still able to perform some of the critical or essential elements of his or herposition.
3) Income Replacement Bene ts are NOT Taxable1
The disability income bene ts provided by the Longshoremen Disability Income Insurance plan are not taxable to a member, which means a greater amount of income replacement for members when they need it most.
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