Group Life Insurance Benefit At-A-Glance
Group Life Insurance is a benefit provided and paid for by your employer. The amount of group life coverage you receive depends on the specifics of your employer’s contract with Church Life Insurance Corporation (Church Life).
Why Group Life Insurance? In the event of an employee’s early death, Group Life Insurance gives beneficiaries additional financial protection and eases their financial burden. For some, the life insurance benefit can be used to address funeral expenses and provide some financial resources for other final expenses.
How is the benefit amount calculated? The amount of coverage provided and whether there is retiree coverage depends on the specifics of your employer’s contract with Church Life.
What other benefits come with • Conversion Privilege Group Life Insurance? • Portability Option •C ontinuation of Benefit on Total Disability (Disability Waiver)—for active employees under the age of 60 • Early Payment of Death Benefit (Accelerated Benefit or Living Benefit) •A ccidental Death & Dismemberment—a benefit for Active employees under the age of 70 that your employer may offer voluntarily
Can this benefit be lost? Yes. Coverage will be lost upon a separation of employment between you and your employer, or if your employer chooses to discontinue coverage.
To learn more: Call (888) 735-7114, Monday – Friday, 8:30AM – 8:00PM ET (excluding holidays). Email us at
[email protected] or visit www.cpg.org/life.
Please note that this document is provided to you for informational purposes only and should not be viewed as investment, tax, or other advice. Please contact your own financial or tax advisor for further guidance. In the event of a conflict between the information contained in this document and the official plan document, the plan document will govern. The Church Pension Fund and its affiliates retain the right to amend, terminate, or modify the terms of any benefit plans described in this document at any time, without notice, and for any reason. Life insurance is issued by or through Church Life Insurance Corporation; 19 East 34th Street, New York, NY 10016 (“Church Life”). Life insurance policies contain exclusions, limitations, and restrictions for keeping them in force. For complete details of coverage, including exclusions, limitations and restrictions, the actual policy or certificate should be consulted. If the descriptions of the insurance products in this document conflict with the terms of the actual life insurance policy, then the terms of the actual life insurance policy shall govern. Products and features may not be available in all states.
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