Life insurance gives your family financial security by helping to cover your family’s immediate expenses after the loss of your income due to your death.
If you are enrolled in the Active Employee Plan, you are automatically enrolled in the Life Insurance Plan.
Retirees are not eligible to participate in this Life Insurance Plan.
Coverage begins on the date of enrollment and ends when you are no longer eligible for the Active Employee Plan. This benefit is administered by the LifeMap Assurance Company.
This is an overview of benefits. For details, please refer to the Active Employee Plan Summary Plan Description.
You choose who your life insurance benefit will be dispersed to in the event that you die while covered.
In the event your spouse or child dies while covered, the benefit will be paid to you.
If you become totally disabled before age 70, the full amount of the employee life insurance in force on the date you became disabled will remain in force for 27 months, as long as your total disability continues and the Trust continues to pay premiums on your behalf.
You are eligible to receive a portion of your life insurance, up to a maximum of $22,500, if:
To find out more about the accelerated benefit and how to apply, please contact LifeMap.
If your life insurance coverage under the Active Employee Plan ends, you and your dependents may request conversion to an individual life insurance policy through LifeMap.
To find out more about this benefit and request conversion, please contact LifeMap.