life insurance

Discussion in 'UPS Discussions' started by matter223, Jan 23, 2010.

  1. matter223

    matter223 New Member

    Anybody know what UPS offers in terms of life insurance policies for feeder drivers? Thanks
     
  2. cachsux

    cachsux Wah

    The same as other drivers. You have the option to purchase as much as you want.
     
  3. over9five

    over9five Moderator Staff Member

    I don't believe they offer anything.

    I believe TeamsterCare (here in Mass) has an automatic $50,000 for the member.

    I buy life ins thru the Teamster Federal Credit Union for me and my family.
     
  4. over9five

    over9five Moderator Staff Member

    Thru UPS???
     
  5. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    None that I am aware of. The Union offers life insurance policies.
     
  6. scratch

    scratch Least Best Moderator Staff Member

    I'm not sure if it is through UPS or the Teamsters, but I thought the amount is 20K, and 40K if we lost our life while on the job? Buy a good term life policy somewhere else.
     
  7. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    Good advice, Scratch. I have a $500K 20 year term that I bought when I was 41 on which I pay $48/month. This will cover me for the rest of my UPS career.
     
  8. cachsux

    cachsux Wah


    For free,we get the calculated rate for one year of employment. ADD will get an additional year.

    For purchase we can buy additional life and ADD insurance paid for weekly out of our checks. Same for spouses and children and short and long term disability is available also. It`s dirt cheap.
     
  9. over9five

    over9five Moderator Staff Member

    Another case of differing offerings at different franchises, I guess.