IUPAT VIP

Nearly 70% of all bankruptcy filings in the United States are due to unexpected illnesses or injuries that prevent workers from being able to earn their normal income. The most important asset you have is your health and your ability to go to work and earn a paycheck. Too often IUPAT Members experience a financial tragedy because of a medical tragedy. That never again has to be the case. The NEW IUPAT VIP Plan gives all Members the ability to obtain Short-Term and Long-Term Income Protection benefits, as well as Life Insurance with amounts up to five times your annual earnings. If you enroll during open enrollment there are no medical questions, and you are guaranteed approved!! You cannot be declined when you enroll during open enrollment.

Don’t miss out on enrolling due to skepticism or being uninformed! When new benefits are offered, we frequently hear, “This sounds too good to be true.” It’s understandable to be skeptical when you hear about guaranteed issue insurance benefits like Short-Term Disability (STD), Long-Term Disability (LTD), and Life Insurance available for both Members and Spouses through the IUPAT VIP Plan. But rest assured, these benefits are not only real—they are a powerful opportunity designed specifically for IUPAT Members.

These group insurance plans are made possible through the collective strength of IUPAT Membership. By leveraging the size of our Membership, we can negotiate better coverage options with insurance providers (in this case, MetLife), that individually, Members could not qualify for on their own. This allows us to offer guaranteed issue coverage, which means no medical exams or health questions—everyone qualifies, regardless of their health status.

When risks are spread across many people, costs are lower for everyone. With our 170,000+ Members, we can leverage our size with insurance carriers to get higher policy limits, lower costs, longer benefit durations and better policy features. The new IUPAT VIP plan is not too good to be true, it’s too good not to fully understand it. Every Member should consider enrolling to protect themselves and their families. This is just another example of the advantages that being part of a union like IUPAT brings.

While there really is no downside, it is important to note that all participants are governed by a single policy written in the name of the union. This policy has a renewal date, and at renewal, costs and benefits can change (positively or negatively) based on the overall claims experience of our group. So, even Members who may never file a claim could see their premiums increase or benefits reduced if the overall claims experience is worse than expected during the policy term. This is a Voluntary Union Group Policy. The Union makes the policy available to the group (Members) and each Member has the Voluntary choice to elect to be covered and pay premium.

Guaranteed Approved Disability and Life Insurance plans are very rare for Members in the Trades. Individual policies are generally more common, but they require an application process where Members must qualify to be covered, and Members can be declined due to many factors, including height and weight, smoking status, health conditions, and even due to their age or craft of work. Union Group Disability and Life Insurance plans, like the new IUPAT VIP Plan, are very rare and all IUPAT Members should review the options and make an educated decision regarding enrolling. When open enrollment closes, current Members may never be given the opportunity to enroll in these benefits again. The decision to enroll in the IUPAT VIP Plan may prove to be one of the most important financial decisions you will ever make!

Don’t let lack of information or skepticism hold you back from protecting your financial future. These benefits are here for a reason: to support you in times of need and ensure that your hard-earned income is protected. The IUPAT has partnered with Union One and MetLife to deliver these essential benefits, security, and service to enrolled IUPAT Members. Union One and MetLife are two of the Nation’s largest and most trusted providers of Union Group Income Protections Plans. Both Union One and MetLife have partnered with unions across various Nations protecting Union Members of nearly every craft. More than 2.5 million union families have their incomes protected by VIP benefit options. Union One has advocated for over 25,000 life and disability claims from Members whose income was lost due to injuries, illnesses, surgeries, or death. When the unfortunate happens, having these income protection benefits, along with the dedicated support from Union One, ensures that IUPAT Members and their families can avoid financial tragedy after experiencing an accident or health issue.