To buy life insurance through Union Labor Life insurance, call the company direct or apply through the website, according to Ullico. However, these services are only available to union workers or retirees and their families. Union Labor Life offers both group plans and individual supplemental plans.
Group plans include term life policies available to union members and employees, states Ullico. These policies contain features such as a waiver of premiums for up to a year during a union authorized strike or labor dispute related lockout, as well as conversion to individual policies in the event of termination or reduction of the group plan. There are varying benefit amounts, and groups can choose between plans in which the employer pays 100 percent or simply contributes a percentage.
For union members, Union Labor Life also offers individual supplemental insurance, including term and whole-life plans, says Ullico. Members have the option of converting the term life plans to longer-term or whole-life plans. Whole-life plans offer coverage up to 100 years of age without requiring conversion or renewal, and these plans may buildup a cash value over time. The company also offers plans with coverage for accidental death and dismemberment, including common-carrier, at-work or motor-vehicle fatalities.