Members of NYSUT Locals who are participants in the Long Island Teachers Benevolent Fund, and who are in dire need of financial assistance due to: (1) death or serious illness in the immediate family requiring expenditures exceeding $3,000 “out of pocket” and not covered by insurance, (2) sudden personal catastrophe loss, requiring expenditures exceeding $3,000 “out of pocket” such as loss of home by fire, etc., not covered by insurance.