Life Insurance

The CMAW Benefit Plan offers you and your family group life insurance protection in case you die while covered under the Plan. The Plan also offers a benefit in case your dependents die.


If you die before your 65th birthday …

… As of July 1 2012, the Plan will pay $100,000 (or $50,000 if you are enrolled in the Mini-Plan) to your designated beneficiary.

If your beneficiary dies before you do, or if you have not chosen a beneficiary, the payment will go to your estate.

The Group Life Insurance benefit reduces after the age of 65 and terminates at age 70.


To choose a beneficiary, or change to a new beneficiary …

… get a “Change of Beneficiary” card from the Plan Office, or download the Change of Beneficiary form from our Benefit Forms page. Fill it out and mail it to the Plan Office.


If you become terminally ill and have less than 12 months to live …

… the Plan provides for a living benefit of up to half of the policy. You must be below the age of 63 to be eligible. Your beneficiary will receive the remainder of the benefit if you subsequently die while covered under this benefit.

Your claim must be supported by two doctors and be signed by your beneficiary. For more information, contact the Plan Office.


Your group life insurance ends on the last day of the month in which …

  • you turn 70 years old
  • you cease to be covered under the Plan (see Eligibility┬ásection)
  • your Hour Bank employer-contributed hours drop below 100, and you are receiving a retirement pension

If you received a living benefit and your group life insurance ends, the remaining 50% of the benefit will not be paid.


If your spouse dies while you are covered under the Plan …

… you will receive a spouse death benefit of $10,000. You must be covered by the Plan at the time of death, and your spouse must be registered as a dependent. If one of your dependent children dies while you are covered under the Plan, you will receive a death benefit of $5,000.