CWU Life Cover


CWU Group Life Cover Plan

Documents
Terms of Business

Up to €90,000 Life Cover
The most competitive life insurance available
– with improved benefits



With half of all CWU Members in the scheme, please check your payslip to make sure that you are covered:
Deduction code on your payslip:_____ An Post – AVC Life_____Eircom – Group VC_____Vodafone – Group VC

REASONS TO JOIN…

  • Half of all CWU members are already enrolled
  • It can be deducted weekly and budgeted from salary
  • Cost is the same for all ages, even if a smoker
  • Life cover is for all of your children from age 1 up to age 21
  • Complete a special shortened application form

BENEFITS
AND COVER
In-Benefit Member Cover
Full In-Benefit Member Cover is based on the following age structure:
Age 18-34 years is €90,000
Age 35-44 years is €90,000
Age 45-54 years is €70,000
Age 55 up to age 65 is €60,000

In Benefit Spouse Cover
Cover is based on the following age structure:
Age 18-34 years is €70,000
Age 35-44 years is €70,000
Age 45-54 years is €60,000
Age 55 up to age 65 is €50,000.
(Included free of charge is €10,000 Life Cover and €10,000 Accidental Death Cover for children aged 1 to age 21)

For Members of Retired Members Branch of the CWU
Cover is based on the following age structure:

Age 35-44 years is €30,000
Age 45-54 years is €25,000
Age 55 up to age 65 is €25,000

For Members who are Not Members of the CWU Retired Members Branch of the CWU
Cover is based on the following age structure:

Age 35-44 years is €20,000
Age 45-54 years is €20,000
Age 55 up to age 65 is €20,000

PREMIUMS
Members is €3.89 per week less Tax Relief. (Net cost @ 40% = €2.33).
Spouses is €3.46 per week. Including Children’s Life Cover of €10,000 (ages 1 to age 21).
ELIGIBILITY
If you are a member of the CWU aged under 60 yrs, you are eligible to apply.
COVER FOR NEW ENTRANTS
Cover is confirmed on receipt of your confirmation of cover letter from New Ireland Assurance which is issued to all newly enrolled Members.
PLAN BENEFITS
In the event of your death, your current sum insured value will be paid to your Estate or Dependents.
PLAN COST & TAX RELIEF
Because this Scheme is exclusively for CWU members, a very attractive rate of €3.89 per week for the member and €3.46 per week for the spouse has been negotiated. This will be deducted directly from your salary/wages.

The Scheme qualifies for Tax relief, so if you are paying tax at 40% the net cost of this Cover is as low as €2.33 per week.

CESSATION OF COVER
Cover will cease if one or more of the following arise:-
1Payment of premiums is discontinued
2You cease to be a member of the CWU
3You pass the age of 65. You can transfer into the Over 65 Group Life Cove Scheme –

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CAREER BREAK

Cover can be maintained during a career break provided the premiums are paid.

HALLIGAN INSURANCES should be contacted one month in advance of career break giving full details of the circumstances and a decision will then be obtained. The maximum duration of a career break allowed during which cover may be maintained is one year.

Your Union is committed to providing you with the best possible cover at the lowest rate available. If you would like further details on this or other Schemes, please ask your Union Representative or contact Halligan Insurances.

The CWU Group Life Insurance Scheme is arranged by Halligan Insurances.
Enquires please call: 01 8797 100. 
Halligan Life & Pensions Limited
t/a Halligan Insurances, Good Insurance is regulated by the Central Bank of Ireland.