Schedule of Insurance
Cost of Coverage
Non-Contributory Coverage: Basic Life Insurance
Eligible Class(es) For Coverage
All Full-Time Active Employees who are citizens or legal residents of the United States, its territories and protectorates, excluding temporary, leased or seasonal Employees.
Full-time Employment: All Full-time Active Employees covered by a Collective Bargaining Agreement and all Full-time Active Employees working for Teamsters Union Local 170, Teamsters Local 170, Health & Welfare Fund or Local 170 Teamsters Federal Credit Union who have accumulated 500 hours of credited employment within a 6 month continuous period and who continue to contribute 400 hours per quarter to maintain coverage, provided the appropriate contributions have been made to the fund.
Life Insurance Benefit
Amount of Life Insurance
Basic Amount of Life Insurance
Reduction in Amount of Life Insurance
We will reduce the Amount of Life Insurance for You by any Amount of Life Insurance in force, paid or payable:
- in accordance with the Conversion Right; or
- under the Prior Policy.