On behalf of the CUPW Insurance Trust Fund, I am pleased to inform you that your CUPW life insurance coverage will increase, effective January 1, 2020.
New coverage
- Your basic life insurance plan will increase from $8,000 to $10,000;
- The accidental death and dismemberment (AD & D) insurance is also increasing to $10,000;
- Spousal coverage goes from $4,000 to $6,000;
- Child coverage is increased from $2,000 to $4,000;
Members between the ages of 65 and 70 will see their life insurance go from $1,000 to $2,000. This insurance terminates at age 70.
On January 1, 2020, this change in coverage will automatically be applied to your policy. You do not need to do anything