IBEW Local 150 Partners with Cornerstone to Offer Union Members Additional Insurance Protection

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The International Brotherhood of Electrical Workers (IBEW) Local 150 recently partnered with Cornerstone Benefits Management to offers its working members additional insurance protection with guaranteed approval.

There really is no down side to any Union offering a guaranteed-approved plan like this to all members. Many Union members are unaware of how much of their income is at risk of disappearing when off work due to illness or injury.

In an effort to provide its working members and their families with more comprehensive insurance coverage, IBEW Local 150 recently partnered with Cornerstone Benefits Management of Lake Barrington, IL, a company that specializes in administering group insurance plans to Union members.

The plans administered by and offered through Cornerstone provide a solution to supplement lost income and cover all Union members both on and off the job. They pay members tax-free benefits on top of the time-loss benefits currently provided by their Health and Welfare fringe benefits. The benefits offered include Short Term Disability, Long Term Disability, and Life Insurance with Accidental Death and Dismemberment.

These group plans give membership access to affordable coverage at competitive premiums that otherwise may not be available to them. Local 150 recognizes that some members have pre-existing health conditions, which could prevent them from acquiring life insurance or disability benefits on their own. With the plans offered through Cornerstone, Union members are not required to take a physical exam or answer any medical questions, and they cannot be declined coverage.

“There really is no down side to any Union offering a guaranteed-approved plan like this to all members,” said Chris Colton, Senior Benefits Account Executive, Cornerstone Benefits Management. “Many Union members are unaware of how much of their income is at risk of disappearing when off work due to illness or injury, and their current time-loss benefits may fall far short of paying their mortgage or family expenses.”

About Cornerstone Benefits Management:
Cornerstone is a company based out of Lake Barrington, IL. Cornerstone works exclusively with Unions to provide members access to insurance benefits and rates they may not qualify for individually. They insure over 70,000 members. In 2017, policies managed by Cornerstone paid members and their families more than $15MM in benefits. For more information, visit https://uniondisability.com/.

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Chris Colton
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