Life insurance provides financial benefits when an insured person dies. You automatically receive member basic life insurance and can purchase Optional Life Insurance for you, your spouse and/or your children. The benefits paid are outlined below.

Member life insurance benefits are paid to your named beneficiary(ies) or, if you have not named a beneficiary, they will be paid to your estate and could then be subject to other fees and taxes.

Spouse and child life insurance benefits are paid to you as the automatic beneficiary.

For more information about Life Insurance, refer to your Plan Booklet.

It’s important to name a beneficiary for your Life Insurance.

Here’s why.