Attention Line Construction, Michels Communication, and Line Clearance! IBEW Local Union 304 is offering Long Term Disability (LTD) Insurance for MEMBERS only. Long Term Disability Insurance is a great way to protect your income when your family needs it the most while you are off work for a major accident or disability. LineCo has short term disability built into the plan and pays up to 26 weeks and you are on your own after that. That is where this insurance would take over and pay you a monthly benefit based on the premium you choose. This insurance is usually not available for purchase privately due to the hazards associated with these industries. We have teamed up with 4 other locals to help drive down cost and to offer this at a good price with no health questions or physicals. Please do not delay, the cut off is December 10th for sign up. If you have any questions please call Mark at the hall. The application, premium table, plan highlights, and bank draft (if you choose to pay this way) are linked below.
Benefit Collection is Tax Free * No Medical Questions/Physicals * Starts Pay Out at 180 days after accident * Based on your base income, no overtime (Hourly Wage x 2080 hours) * Independent of Workers’ Comp or other Insurances * Will pay to age 65 then reduce to age 70 * $5 per month processing added to premium