Does anyone know how the life insurance works once you retire? My understanding is for the supplemental life insurance once you turn 65 it is no longer good but basic life insurance will continue until death. For example say I am retired and die when im 75 I still get the basic life insurance from AT&T for whatever the amount is 15 or 25k cant recall. Or does the basic life insurance stop once im 65 and have to get it from outside the company and pay monthly. anyone know?
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ok so 15k for managment ... but what if im union then what?
“which is a joke for giving the company 30 years of dedication!”
The likely update needed is “…for working for the company 30 years.”
If you want to find the right answer your situation you need to call the benefit center. Call more than once and compare answers and when they vary put them on the spot and tell them you need it in writing from their management
Used to be 75k for retirees, cut to 15k which is a joke for giving the company 30years of dedication!
Another major bennie cut courtesy of Santone and Stankey. Just tying to recoup $120B they flushed down a rat ho-e.
call 1-888-dead for pickup. a att van comes and a tech will put you in a garbage bag. the insurance money will be in the form of 20% off coupons.
They give you 15000 coverage but you can purchase more. This is for management. 🤮
I’m not paying for any more employee funerals.
This company is woke now... So..... That would be bend over and kiss your a-s goodbye! We give a rip about you!
15k of life insurance as of Jan 1st. You want more than that you have to go buy it somewhere maybe the 9.95 plan at Colonial Penn
Depends if you are union or management. And it used to be that after you retire the benefit is reduced each year until it reaches the max and then it’s gone, but I think that changed in the past year or two and now you get nothing when you retire,, check HROnestop
all i wanted to know is if basic life insurance will always be there from the company regardless of age
Depending on eligibility, the company paid death benefit will begin to decrease in value at age 65 until it reaches half. You can purchase supplemental, as long as you keep paying.
Refer to SPD, of the program for details.