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Life and AD&D Insurance If you become terminally ill, you may elect to receive 75% of your life insurance benefit while you are still living (subject to a maximum of $500,000). By electing to receive a part of the benefit in advance, you forfeit that portion of the benefit amount that would have been paid to your beneficiary after your death. It is important to note that if, while you are receiving this benefit, your age changes to make you eligible for another age group, your benefit amount will be reduced accordingly. Your benefit will be paid to you in one lump sum. You are eligible to receive a portion of your benefit if:
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State of Delaware. Colonial School District and The State of Delaware
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with or without notice. Review more important
legal information about your benefits plans. Copyright ©2021 Willis Towers Watson. |