Sun Life – Bus Members
SMART-TD Voluntary Disability Plan For Currently Enrolled Bus Members
The NEW SMART-TD Voluntarily Long Term Disability (VLTD) Plan has moved from a Previous Insurance Carrier and is now Underwritten by Sun Life Financial.
LTD OPTION A – 2 YEAR DURATION
- Pays a monthly benefit for up to 2 years.
– Pays after 365 day waiting period. - Stackable with other benefits up to 80% of pre-disability earnings.
- Benefits paid are tax-free.
- Pays for on and off the job disabilities for covered injuries, surgeries or illnesses.
OPTION A – Benefits & Costs
| COVERAGES | MONTHLY COSTS | |||||||
| MAX MONTHLY BENEFIT | AGE 18-39 | AGE 40-49 | AGE 50-59 | AGE 60-69 | ||||
| $1,000 | $19.80 | $26.50 | $30.10 | $30.10 | ||||
| $2,000 | $38.60 | $52.00 | $59.20 | $59.20 | ||||
| $3,000 | $57.40 | $77.50 | $88.30 | $88.30 | ||||
| $4,000 | $76.20 | $103.00 | $117.40 | $117.40 | ||||
| $5,000 | $95.00 | $128.50 | $146.50 | $146.50 | ||||
LTD OPTION B – 5 YEAR DURATION
- Pays a monthly benefit for up to 5 years.
– Pays after 365 day waiting period. - Stackable with other benefits up to 80% of pre-disability earnings.
- Benefits paid are tax-free.
- Pays for on and off the job disabilities for covered injuries, surgeries or illnesses.
OPTION B – Benefits & Costs
| COVERAGES | MONTHLY COSTS | |||||||
| MAX MONTHLY BENEFIT | AGE 18-39 | AGE 40-49 | AGE 50-59 | AGE 60-69 | ||||
| $1,000 | $25.10 | $34.90 | $43.80 | $43.80 | ||||
| $2,000 | $49.20 | $68.80 | $86.60 | $86.60 | ||||
| $3,000 | $73.30 | $102.70 | $129.40 | $129.40 | ||||
| $4,000 | $97.40 | $136.60 | $172.20 | $172.20 | ||||
| $5,000 | $121.50 | $170.50 | $215.00 | $215.00 | ||||
VOLUNTARY LIFE / AD&D PLAN
LIFE COVERAGE with Accidental Death & Dismemberment (AD&D)
- Member coverage available up to $250,000 in $10,000 increments.
- No medical questions or tests.
- Coverage includes an equal amount of Accidental Death and Dismemberment.
– If death is caused by an accident, the benefit doubles. - Life coverage is convertible and portable.
- Spouse and Child Life/AD&D coverage available when Member Life/AD&D is elected.
– Spouses can be covered up to $50,000 in $5,000 increments.
– Children eligible for a flat $10,000 of coverage.
– Spouse and Child(ren) elections cannot exceed 100% of Member election - Coverage is 24/7 on and off the job.
For additional benefit amounts not shown, please call (224) 770-5328.
For more detailed information or to enroll, contact the Smart-TD VLTD Customer Service Center: (224) 770-5328
QUESTIONS?
Contact the SMART-TD VLTD Customer Service Center
(224) 770-5328
ABOUT THE PLAN
This program is voluntary and it is solely the Members’ decision to enroll. Members are responsible for paying their own costs. This is a basic summary of benefits and makes no guarantee or warranty on the processing of claims. Other limitations may apply. It is recommended that each enrolled Member obtain a copy and read the entire policy booklet. All non-banking administrative and transaction fees are included in the enclosed costs. Coverages are underwritten by Sun Life. Like most insurance policies, policies offered by Sun Life and its affiliates contain certain exclusions, exceptions, waiting periods, reductions, limitations and terms for keeping them in force. Specific information pertaining to your insurance can be obtained by contacting the SMART-TD VLTD Customer Service Center.
IMPORTANT: If you leave the union or retire, it is your responsibility to contact the SMART-TD VLTD Customer Service Center. Failure to do so within 90 days will forfeit your ability to receive any refunds.
OFFSET EXPLANATION: Long-Term Disability (LTD) Option A benefits are offset (reduced) if the combination of your monthly Railroad Retirement Board payments in combination with your Sun Life VLTD monthly benefits exceed 70% of your pre-disability earnings.
RRB: Unsure about how many years of service you have? Contact the Railroad Retirement Board (RRB) toll-free at (877) 772-5772.
For more detailed information, please contact the SMART-TD VLTD Customer Service Center at (224) 770-5328.
Questions?
Contact the SMART-TD VLTD Customer Service Center
Call Us
(224) 770-5328