The Retiree Term Life Insurance value is a flat $5,000. The amount does not reduce as age increases. Upon death, the full amount will be paid to the named beneficiary or beneficiaries. If there are no named or eligible beneficiaries, the death benefit will be paid as indicated in the Term Life Certificate. Your beneficiary may be changed at any time.
Note: Benefits that were not elected immediately upon retirement, or that were dropped during open enrollment are not eligible for enrollment at any future date.Optional Term Life Insurance Policy