Eligibility, Enrollment, and Cost
You are eligible for Postretirement Life Insurance coverage if you end your employment at or after age 55 ("retire") and you participated in the Company's Group Life Insurance Plan immediately before retirement. The amount of coverage depends on your active employee status and when you retire.
You do not need to enroll for coverage. Coverage is automatic if you meet the eligibility requirements.
Cost of Coverage
The Company pays the full cost for your Postretirement Life Insurance coverage.