Death Benefit

Each active member now has $50,000 of Death Benefit as long as he/she is actively employed. This benefit is provided at no cost to the member. The Welfare Fund is self insured and the money is set aside for this benefit.

In the event of your death, the benefits shall be paid to your Designated Beneficiary. If you do not name a Designated Beneficiary, the benefit will be paid to the person(s) named in the fallowing priority order:

1. your spouse;
2. your child(ren), in equal shares; or 
3. your estate.

NOTE: There are no "paid up options" on the aforementioned policy, and coverage ceases at retirement, resignation or termination.