Life Insurance Flexibility for 60+ Members
Q: Can I continue optional life insurance if I switch to the 60+ plan?
A: Members who transition to the 60+ plan can continue their optional life insurance, provided it was originally selected under the Active Plan.
As Tom approached his 60th birthday, he began looking into the union’s 60+ plan to reduce his work hours gradually. But he still wanted to maintain his optional life insurance to ensure his family’s financial security. Curious about his options, he reached out to the Benefits of Film plan’s administrators.
Tom learned that members who transition to the 60+ plan can indeed keep their optional life insurance, provided they had originally selected it under the Active Plan. This flexibility meant he wouldn’t have to worry about losing coverage just because he was scaling back his work.
Reassured by the continuity of his benefits, Tom felt ready to make the transition to the 60+ plan without compromising his family’s security. For him, it was another way the union showed its dedication to supporting members at every stage of their career, helping them adjust benefits as their lives and needs evolved.