Northwest Carpenters Health and Security Plan
Life Insurance Payments
Participant and Dependents
If you or a dependent are eligible under this plan and die from any cause whatsoever, your beneficiary receives the following life insurance payment:
Death of | |
Participant | $30,000 |
Spouse | $5,000 |
Eligible children | $5,000 |
You must designate a beneficiary for your life insurance on your Enrollment Application. If you fail to designate a beneficiary, your benefit will be paid pursuant to the terms of the insurance policy. You are always the beneficiary of your dependents’ life insurance benefits. A dependent is only covered under one participant.
Retiree and Dependents
If you or a dependent are eligible under this plan and die from any cause whatsoever, your beneficiary receives the following life insurance payment:
Death of | |
Retiree | $2,000 |
Spouse | $1,000 |
Eligible children | $1,000 |
You must designate a beneficiary for your life insurance on your Enrollment Application. If you fail to designate a beneficiary, your benefit will be paid pursuant to the terms of the insurance policy. You are always the beneficiary of your dependents’ life insurance benefits. A dependent is only covered under one retiree.
Last Updated: 04/25/2023