How much is the Life Insurance benefit?
The Plan will pay a Life Insurance Benefit of $50,000 to a participant’s named beneficiary for all eligible participants under age 65. On the date you reach 65, the Participant’s Life Insurance amount is reduced to $32,500. Thereafter, the amount is reduced to $20,000 at age 70 and to $12,500 at age 75. This age reduction also applies to the Accidental Death and Personal Loss benefit described below. For more information about this benefit, please refer to the Certificate of Coverage and the Summary of Coverage.
