
Section 5: > How The Life Insurance Plan Works > Paying Benefits
Paying Benefits
If you die while you're covered under the Life Insurance Plan, benefits will
be paid as a lump sum to the beneficiary you have on file with the Administrative
Office.
You may choose anyone you wish to be your beneficiary, and you may change your
designation at any time. If you haven't named a beneficiary, or if your beneficiary
doesn't survive you, the Life Insurance Plan may pay:
- Up
to $500 of your benefit toward any party responsible for your burial expenses;
- The
executors or administrators of your estate; or
- Your
surviving relatives in the following order: your spouse, your children, your
parents.
If your beneficiary is a minor without a legal guardian, the benefit may be
paid to the person who is caring for and supporting him/her.
|