Term Life Insurance
LIFE INSURANCE
All members of the MTA automatically receive the following life insurance coverage.:
|
Member |
$45,000 of term life insurance coverage. |
|
Member's Spouse |
$6,000 of term life insurance coverage |
|
Member's Dependant Children |
(between the ages of 48 hours and 25 years) $4,000 of term life insurance coverage. |
|
This coverage is provided by "The Standard". |
NOTE:
At age 70, members coverage is reduced to $4,000 for each member. Dependant spouse coverage cannot exceed 50% of member's coverage All members are reminded to keep beneficiary and family information current. Coverage depends on current information being on file at the MTA office.
"The Standard" Change Form