With Via benefits handling retiree benefits now does anyone know if the company sponsored life insurance is still offered? I know we aren’t able to purchase extra life insurance anymore but just wondering if retirees still get the $25,000 in life insurance?
3 replies (most recent on top)
My hubby called NESC & the life insurance is still a available. As long as you don’t cancel it, it remains as you have it selected now.
Found this on the Ford Retiree Benefit website.
https://www.fordretireebenefits.com/
Life and Accidental Death and Dismemberment Insurance
Basic Life Insurance and Accidental Death and Dismemberment (AD&D) Insurance are provided to eligible retirees up to a maximum of $25,000. For eligible disability retirees, your coverage reduces to a maximum of $25,000 at age 55. AD&D Insurance ends at age 65.
If you are an eligible retiree and were enrolled in Optional Life Insurance, Dependent Life Insurance (Spouse or Child) or Optional AD&D Insurance immediately before retirement, you are automatically enrolled in the same level of coverage you had as an active employee (some limits may apply). As a retiree, you cannot increase coverage, but you can decrease or cancel your coverage any time. Just call the National Employee Services Center (NESC) at 1-800-248-4444 and speak to a representative. Representatives are available Monday through Friday from 9 a.m. to 9 p.m. ET. Retiree rates apply.
Note: For Optional Life Insurance (retiree coverage) and Dependent Life Insurance (spouse coverage), your contribution rate will be based on your age as of December 31 of the plan year.
Good Question! I was unable to find anything on life insurance. :(