Benefits & Costs
IBEW Local 150
Summary of Benefits & Costs
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 Local.
FOR QUICK AND EASY ENROLLMENT CALL (224) 770−5305 (Mon-Fri 8am-5pm CT).
Short-Term Disability (STD)
Guaranteed approved coverage.
- Pre-existing conditions are covered after 12 months.
- Benefits paid are tax-free.
- Stackable with other benefits up to 100% of pre-disability earnings.
- Covers off the job disabilities resulting from injury or illness.
STD OPTION A: Flat rate coverage is available from $200-$500 in $50 increments
– Starts paying on day 15 for up to 37 weeks.
WEEKLY BENEFIT | MONTHLY COSTS | ||||||||||||||||
COVERAGE | AGE <30 |
AGE 30-39 | AGE 40-49 | AGE 50-59 | AGE 60-69 | ||||||||||||
$200 | $14.70 | $21.72 | $31.08 | $49.80 | $73.20 | ||||||||||||
$300 | $20.55 | $31.08 | $45.12 | $73.20 | $108.30 | ||||||||||||
$400 | $26.40 | $40.44 | $59.16 | $96.60 | $143.40 | ||||||||||||
$500 | $32.25 | $49.80 | $73.20 | $120.00 | $178.50 |
STD OPTION B: Flat rate coverage is available from $200-$500 in $50 increments
– Starts paying on day 30 for up to 35 weeks.
WEEKLY BENEFIT | MONTHLY COSTS | ||||||||||||||||
COVERAGE | AGE <30 |
AGE 30-39 | AGE 40-49 | AGE 50-59 | AGE 60-69 | ||||||||||||
$200 | $11.80 | $17.00 | $24.00 | $38.00 | $55.60 | ||||||||||||
$300 | $16.20 | $24.00 | $34.50 | $55.50 | $81.90 | ||||||||||||
$400 | $20.60 | $31.00 | $45.00 | $73.00 | $108.20 | ||||||||||||
$500 | $25.00 | $38.00 | $55.50 | $90.50 | $134.50 |
Long-Term Disability (LTD)
Guaranteed approved, with 24/7 coverage.
- Offset by other benefits.
- Benefits paid are tax-free.
- Pre-existing conditions are covered after 12 months.
- Covers on and off the job disabilities resulting from injury or illness.
LTD OPTION A: Pays a monthly benefit of 60% of your pre-disability earnings for up to 2 years
– Starts paying after a 270 day waiting period.
COVERAGES | MONTHLY COSTS | |||||||||
ANNUAL EARNINGS** |
MAX MONTHLY BENEFIT | AGE <30 |
AGE 30-39 | AGE 40-49 | AGE 50-59 | AGE 60-69 | ||||
$40,000 | $2,000 | $5.70 | $8.40 | $13.80 | $26.40 | $48.00 | ||||
$50,000 | $2,500 | $6.38 | $9.75 | $16.50 | $32.25 | $59.25 | ||||
$60,000 | $3,000 | $7.05 | $11.10 | $19.20 | $38.10 | $70.50 | ||||
$70,000 | $3,500 | $7.73 | $12.45 | $21.90 | $43.95 | $81.75 | ||||
$80,000 | $4,000 | $8.40 | $13.80 | $24.60 | $49.80 | $93.00 | ||||
$90,000 | $4,500 | $9.08 | $15.15 | $27.30 | $55.65 | $104.25 | ||||
$100,000 | $5,000 | $9.75 | $16.50 | $30.00 | $61.50 | $115.50 | ||||
**Annual earnings include your total compensation for the year including overtime. For additional benefit amounts not shown, please call (224) 770-5305.
LTD OPTION B: Pays a monthly benefit of 60% of your pre-disability earnings for up to 5 years.
– Starts paying after a 270 day waiting period
COVERAGES | MONTHLY COSTS | |||||||||
ANNUAL EARNINGS** |
MAX MONTHLY BENEFIT | AGE <30 |
AGE 30-39 | AGE 40-49 | AGE 50-59 | AGE 60-69 | ||||
$40,000 | $2,000 | $7.50 | $14.70 | $30.00 | $66.00 | $93.00 | ||||
$50,000 | $2,500 | $8.63 | $17.63 | $36.75 | $81.75 | $115.50 | ||||
$60,000 | $3,000 | $9.75 | $20.55 | $43.50 | $97.50 | $138.00 | ||||
$70,000 | $3,500 | $10.88 | $23.48 | $50.25 | $113.25 | $160.50 | ||||
$80,000 | $4,000 | $12.00 | $26.40 | $57.00 | $129.00 | $183.00 | ||||
$90,000 | $4,500 | $13.13 | $29.33 | $63.75 | $144.75 | $205.50 | ||||
$100,000 | $5,000 | $14.25 | $32.25 | $70.50 | $160.50 | $228.00 |
**Annual earnings include your total compensation for the year including overtime. For additional benefit amounts not shown, please call (224) 770-5305.
Life COverage
with Accidental Death & Dismemberment (AD&D)
- Member coverage available for $10,000 or $20,000.
- No medical questions or tests.
- 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.
MEMBER COVERAGE | |||||
BENEFIT | $10,000 | $20,000 | |||
AGE | MONTHLY COSTS | ||||
< 30 | $2.98 | $3.96 | |||
30-34 | $3.10 | $4.20 | |||
35-39 | $3.31 | $4.62 | |||
40-44 | $3.85 | $5.70 | |||
45-49 | $4.80 | $7.60 | |||
50-54 | $6.53 | $11.06 | |||
55-59 | $9.22 | $16.44 | |||
60-64 | $11.54 | $21.08 | |||
65-69 | $16.76 | $31.52 |
SPOUSE COVERAGE* | |||||||||
BENEFIT | $5,000 | $10,000 | |||||||
AGE | MONTHLY COSTS | ||||||||
< 30 | $2.49 | $2.98 | |||||||
30-34 | $2.55 | $3.10 | |||||||
35-39 | $2.66 | $3.31 | |||||||
40-44 | $2.93 | $3.85 | |||||||
45-49 | $3.40 | $4.80 | |||||||
50-54 | $4.27 | $6.53 | |||||||
55-59 | $5.61 | $9.22 | |||||||
60-64 | $6.77 | $11.54 | |||||||
65-69 | $9.38 | $16.76 |
*Spouse costs are based on Member’s age.
CHILD(REN) | MONTHLY PREMIUMS | |||||||||||
COVERAGE | UNDER 26 YEARS OLD | |||||||||||
$10,000 | $2.30 |
For more detailed information, and to get costs 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 11/18/2022
Coverage Begins 12/1/2022
This program is voluntary and it is solely the Members’ decision to enroll. Members are responsible for paying their own costs. 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 costs. 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 refunds.
Monthly cost 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.

(224) 770−5305