Accomplishments of a Benefit Fund
A new Fund may start by taking over 1 or 2 benefits from the employer. An established fund may offer 10 or more benefits to participants and their families. As an example, a Fund on Long Island receives approximately $1200 per member annually. The Fund has been in existence nearly 30 years. Here is a listing of benefits members and their families can receive.
$100,000 Member Term Life Coverage
$ 20,000 Spouse Term Life Coverage
$ 4,000 Dependent Term Life Coverage
SurvivorSupport
Worldwide Emergency Travel Services
Vision Care Plan for members and dependents
Prepaid Legal Service Plan for members and dependents
Excess Major Medical Plan
$4,000 in-service funeral benefit
$500 out-of-pocket medical expense reimbursement
Dental Benefit- $1,500; Employer pays the first $1,000.
The potential to provide benefits and save members and their family money is enormous. The work is rewarding.
