Consider NYSUT for term life insurance

Bargaining unit members looking to supplement the $6,000 term life insurance provided by UUP should consider the program endorsed by NYSUT Benefit Trust.

Premium rates for the NYSUT Term Life Insurance Plan were permanently reduced, due to good claims experience within the plan.

Term life is the insurance most often recommended by financial experts because it offers the most value at the least cost. It is pure insurance; it has no savings component. It can help pay for final medical and burial expenses, and it can help survivors pay their daily living expenses.

Certain events, such as the birth of a child or the purchase of a new home, may trigger the need to purchase life insurance or to increase an existing policy. Members should periodically check if their life insurance coverage is adequate. The NYSUT plan provides this insurance at a more economical price than most lending institutions.

Members under the age of 65 are eligible to apply for up to $500,000 of coverage. Spouses or domestic partners are also eligible to apply. Dependent-child coverage can be added to member or spouse policies.

When the plan is purchased through payroll deduction, Travel Accidental Death and Dismemberment (AD&D) insurance equal to the life insurance amount, up to $100,000, is provided at no cost. An additional $25,000 of AD&D protection is provided if the insured member is physically assaulted on the job.

For a brochure and application, contact NYSUT Member Benefits at (800) 626-8101, e-mail to benefits@nysutmail.org or visit the Web at http://www.memberbenefits.nysut.org.