Group Life Insurance Fund

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Group Life Insurance Fund

lucebill
Joined: 23 Jan 2009, 22:17

22 Aug 2016, 00:09 #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: 27 Dec 2006, 23:00

22 Aug 2016, 14:36 #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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