Life Insurance

Why Life Insurance?

Life insurance protects your loved ones. It pays a benefit so they can afford to pay for funeral expenses, pay off debt and maintain their current standard of living. It is one of the best ways to show you care.

EMPLOYER-PAID TERM LIFE INSURANCE

  • Your employer provides all eligible employees a $15,000 life insurance policy. The cost of this policy is paid for 100% by your employer. This is a term life policy that is in effect while you are employed.

  • Under this plan, your coverage amount reduces by your age on the next following September 1st as follows: by 35 percent at age 65, and by 50 percent at age 70.

  • Your spouse’s coverage amount reduces by your spouse’s age on the following September 1st as follows: by 35 percent at age 65, and by 50 percent at age 70.

  • Term life does not continue at retirement.