OTHER GIC BENEFIT CHANGES EFFECTIVE JULY 1, 2014

LIFE INSURANCE BENEFIT ENHANCEMENT

The accelerated life benefit allows participants to elect an advance payment of their life insurance death benefit if they have been diagnosed with a terminal illness.  Effective July 1, 2014, upon payment of the accelerated life benefit, future premiums will be waived regardless of a member’s age.


This information provided by the Group Insurance Commission.