What is Retirement Accumulation Insurance (RAI)?
RAI is a decreasing term life insurance plan offered to NADART Plan Sponsors at an additional cost. It is designed to replace retirement savings expected, but not yet accumulated, by a NADART plan participant who dies prior to his or her 65th birthday. The amount the beneficiary would receive in the event of the participant’s death decreases as the participant approaches normal retirement age.
Related Questions
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- What is Retirement Accumulation Insurance (RAI)?
