Paid-Up Life

Life Insurance That Doesn't Retire When You Do

Group Life Insurance generally terminates when an employee retires. However, it doesn’t have to. With Paid-Up Life Insurance from National Insurance Services (NIS), your employees can retain up to 30% of their full benefit with no additional premiums – and it lasts a lifetime.

Your employees dedicate years of service. They have earned more than retirement. They have earned security.

Eligibility:

		The employee has worked 15 or more of the previous 20 years for public sector employers.
		The employee is at least age 55 before retiring or terminating employment.

		The group must have the Paid-Up Life plan in effect when the employee reaches age 65.
		The employee must meet the vesting schedule requirements.

		For employees that retiree early, premiums must be paid to age 65. Premiums can be paid by the employee or the employer.

Choose from Three Vesting Schedules

Click icon to download a PDF of our Paid-Up Life brochure

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