(224) 770-5328 info@smart-vltd.com

Sun Life – Rail Members

SMART-TD Voluntary Disability Plan For Currently Enrolled Rail 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.


VOLUNTARY LONG TERM DISABILITY PLAN (LTD)

Both VLTD options start paying benefits after the SMART-TD Voluntary Short Term Disability (VSTD) Rail benefit duration of 238 days.

  • Plan pays after a 238 day waiting period.
  • Guaranteed enrollment in coverage—no medical tests or questions.
  • Pre-existing conditions are covered after 12 months of enrollment in the plan.
  • Benefits paid are tax-free.
  • Pays for on and off the job disabilities for covered injuries, surgeries or illnesses.
  • Benefits do not have to be repaid upon receipt of a FELA settlement.
  • 12 month VLTD substance abuse and mental illness benefit.

LTD OPTION A (2-Year Duration)

Pays up to a $2,000 monthly benefit for up to two years.

Best suited for Members with OVER 240 credited service months (20 years) who are eligible to receive the RRB Disability Annuity. (Stackable with other benefits such as RRB, up to 70% of pre-disability earnings).

LTD OPTION A – Benefits & Costs

COVERAGES MONTHLY COSTS
MAX MONTHLY BENEFIT AGE 18-39 AGE 40-49 AGE 50-59 AGE 60-69
$2,000 $37.20 $50.00 $57.00 $57.00

LTD OPTION B (5-Year Duration)

Pays up to a $5,000 monthly benefit for up to five years.

Best suited for Members with LESS THAN 240 credited service months (20 years) who are not eligible to receive the RRB Disability Annuity. (Monthly benefit cannot exceed 60% of monthly earnings).

LTD OPTION B – Benefits & Costs

COVERAGES MONTHLY COSTS
MAX MONTHLY BENEFIT AGE 18-39 AGE 40-49 AGE 50-59 AGE 60-69
$1,000 $22.30 $30.90 $38.70 $38.70
$2,000 $43.60 $60.80 $76.40 $76.40
$3,000 $64.90 $90.70 $114.10 $114.10
$4,000 $86.20 $120.60 $151.80 $151.80
$5,000 $107.50 $150.50 $189.50 $189.50

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.

Member Life & AD&D – Benefits & Costs

MEMBER MONTHLY COSTS
COVERAGE AGE <30 AGE 30-39 AGE 40-49 AGE 50-59 AGE 60-69
$50,000 $10.00 $12.50 $20.00 $26.50 $85.00
$100,000 $17.00 $22.00 $37.00 $50.00 $167.00
$150,000 $24.00 $31.50 $54.00 $73.50 $249.00
$200,000 $31.00 $41.00 $71.00 $97.00 $331.00
$250,000 $38.00 $50.50 $88.00 $120.50 $413.00

Spouse* Life & AD&D – Benefits & Costs

SPOUSE* MONTHLY COSTS
COVERAGE AGE <30 AGE 30-39 AGE 40-49 AGE 50-59 AGE 60-69
$25,000 $6.50 $7.75 $11.50 $14.75 $44.00
$50,000 $10.00 $12.50 $20.00 $26.50 $85.00

*Spouse costs are based on Member’s age.

Child(ren) Life & AD&D – Benefits & Costs

CHILD(REN) MONTHLY COSTS
COVERAGE UNDER 26 YEARS OLD
$10,000 $3.40

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
Previous Insurance Carrier

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