General Motors Retiree Life Insurance Amount

Retiree Life Insurance Benefits

Retirees of General Motors are eligible for a number of life insurance benefits, including life insurance coverage and a variety of other benefits. The life insurance benefits provided to retirees of General Motors are a great way to ensure the financial security of their families in the event of their death. The life insurance benefits are provided through a variety of different plans, and the amount of coverage varies depending on the plan that is chosen.

Life Insurance Coverage Amounts

The amount of coverage that is available for a retiree of General Motors depends on the plan that is chosen. Generally, the life insurance coverage for a retiree of General Motors is equal to three times their annual salary plus the sum of any other applicable benefits. This coverage can provide a great financial safety net for the family of the retiree in the event of their death. In addition, the coverage amount can be increased if the retiree wishes to increase their coverage amount.

Other Benefits of Retiree Life Insurance

In addition to the life insurance coverage, there are a number of other benefits that are available to retirees of General Motors. These benefits include a variety of different types of insurance coverage, such as disability insurance, vision and dental coverage, and more. In addition, retirees of General Motors may also be eligible for a variety of other benefits, such as discounted travel and other discounts.

Additional Insurance Options

Retirees of General Motors may also have the option to purchase additional life insurance coverage from other carriers. This additional coverage can be used to supplement the coverage that is provided by General Motors' life insurance plans. This additional coverage can provide additional financial security for the family of the retiree in the event of their death.

Cost of Retiree Life Insurance

The cost of the life insurance coverage that is provided to retirees of General Motors is based on a variety of factors, including the amount of coverage that is chosen, the age of the retiree, and any additional coverage that is purchased. Generally, the cost of the life insurance coverage is relatively low and can provide a great value to the retiree and their family.

Conclusion

Retirees of General Motors are eligible for a number of life insurance benefits, including life insurance coverage and a variety of other benefits. The life insurance coverage that is available to the retiree can provide a great financial safety net for their family in the event of their death. In addition, there are a variety of other benefits that are available to the retiree, such as discounted travel and other discounts. Finally, the cost of the life insurance coverage is relatively low and can be a great value to the retiree and their family.