At the time of retirement, employees are permitted to elect group term life in an amount up to their annual base salary. Minimum election is $5,000 maximum election is $100,000. This insurance requires no evidence of insurability. This option became available to employees who retired on or after October 1, 2001. For those who retired prior to that date, there is no option for retiree life insurance.
To review all of the provisions of the group term life plan, please view the Term Life Certificate  .
WrapPlan Universal Life
Employees who have an active WrapPlan group universal life insurance policy must convert to an individual policy at retirement. For details, contact WrapPlan customer service at1-800-322-0426.
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