Group Life Insurance Fund

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Group Life Insurance Fund

Joined: January 23rd, 2009, 10:17 pm

August 22nd, 2016, 12:09 am #1

The current LRO News column says the Group Life Insurance Fund will run out in six years and may go the way of the death benefit. Is that the Group Universal Life Insurance that I currently pay a hefty monthly fee for or some other insurance?
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lucentretirees
Site Admin
Joined: December 27th, 2006, 11:00 pm

August 22nd, 2016, 2:36 pm #2

The insurance SPD states
" Basic life insurance coverage is currently provided at no cost to you"
Also
"Life Insurance Plans May Be Amended or Terminated"

The SPD is available at Benefits Answers Plus
http://www.benefitanswersplus.com/retir ... 9_2000.pdf
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