Life/AD&D Plan

The National IAM Benefit Trust Fund offers life and AD&D benefits to participating employees who are also enrolled in a Benefit Trust Fund medical plan. Although typically provided only for employees, the Fund can provide dependent life coverage, if a quote for the cost of coverage is requested by a contributing employer.

To be eligible for coverage, the life and AD&D plan, along with the medical plan, must be negotiated into a group's applicable Collective Bargaining Agreement.

Life and Accidental Death and Dismemberment Coverage

The Benefit Trust Fund life and AD&D plan pays benefits to eligible employees and their beneficiaries. Benefits are provided through CIGNA Group Insurance.

If an employee dies while covered under the life insurance coverage, the life insurance benefits will be paid to his or her beneficiaries. If an employee does not designate a beneficiary, benefits will be paid to the employee's spouse. If the employee does not have a spouse, benefits will be paid in the following order: to the employee's children, parents, siblings or estate.

If an employee is injured as the result of an accident while covered under the Accidental Death and Dismemberment plan, the AD&D benefit for a covered accident will be paid to the employee. A full benefit is paid for accidental loss of life that is covered by the plan, or for the loss of both hands, both feet or both eyes (or any combination of same). Half of the full benefit is paid for the loss of a single hand, foot, or eye. No more than the full benefit will be paid for all losses sustained from a single accident.

Various benefit levels are available to meet the needs of any group. Contact the Fund Office for more information about National IAM Benefit Trust Fund life and AD&D plan options.

Life and AD&D Summary Plan Descriptions

When a life and AD&D plan is negotiated, the plan language is added to the associated medical plan Summary Plan Description. For details about how the plans work, including information about enrollment and benefit payment schedules, refer to your applicable medical plan SPD. You can view or download sample language for a $25,000 life and AD&D benefit below, or contact the Fund Office for more information.

Sample Life and AD&D Language-$25k Plan (PDF)

Summary of Material Modifications

Whenever a change is made to the life and AD&D plan, the Fund Office will send a Summary of Material Modification (SMM). SMMs should be retained in your Summary Plan Description for future reference. All changes made to the life and AD&D plan since the last printing of the Summary Plan Description will be included when the booklet is revised and a new edition of the SPD is issue.

Value-Added Programs

Effective January 1, 2014 the Trustees of the National IAM Benefit Trust Fund adopted the following Value-Added Programs for participants covered by the life and AD&D plan. These benefits are provided at no additional cost through CIGNA Group Insurance. Click on the links below for more information about each program:

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A full benefit is paid for accidental loss of life that is covered by the plan.

Frequently Asked Question (FAQ)

How many different plans does the Fund offer?

The Fund offers multiple Medical, Dental, and Vision plans. Short-Term Disability and Life and Accidental Death & Dismemberment benefits are also available.

How do I notify the Fund of my address change?

If you move, please notify the Fund of your new address. To change your address,
fill out a new Enrollment Form and mail or fax it to the Fund using the mailing address or fax number found on the form. Always complete a new Enrollment Form when you have a change in personal information.

How often are rates subject to change?

All Plans are reviewed annually; notification of rate changes is provided 30-60 days in advance of the renewal effective date.

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