Group Life Insurance
Clergy Pension Plan
Group Life Insurance is offered as a benefit to eligible active clerics who participate in The Church Pension Fund Clergy Pension Plan. Should you die before you retire, your beneficiary will receive a benefit equal to:
- Six times your current Total Assessable Compensation, up to a maximum of $150,000.
Supplemental life insurance is available during periodic open enrollment periods for clergy who do not have supplemental life coverage.
Employer-Provided Group Life Insurance
Some employers provide an additional Group Term Life Insurance and/or Accidental Death & Dismemberment benefit. Please check with your employer or diocese to confirm the specific details of your plan.
- Employer-provided Group Life Insurance: Each diocese or institution determines if coverage is available and, if available, the amount of coverage offered. Active clergy who are compensated for a minimum of 20 hours a week may be eligible.
- Accidental Death & Dismemberment Insurance: Generally, active clergy who are under the age of 70 and enrolled in Group Term Life Insurance are eligible. The maximum benefit pays up to the value of the full amount of your Group Term Life Insurance benefit.
- Supplemental Life Insurance: Supplemental Group Life Insurance is available through Church Life and can be selected only when you are hired and during periodic open enrollments. Please note that you and your dependents can only have one supplemental life policy.
Is my Group Life Insurance benefit enough?
- Our Life Insurance Calculator can help you determine your life insurance needs. We also have a helpful Life Insurance Worksheet if you prefer to work with pen and paper.
- If your circumstances require additional coverage, Church Life offers Supplemental Group Term Life Insurance as well as a variety of Individual Life Insurance Options at affordable rates.
- If you’re unclear about the different options, please consult our glossary of commonly used terms or request a complementary discussion with one of our financial education specialists.
Life insurance and annuities are offered by or through Church Life Insurance Corporation, 19 East 34th Street, New York, NY 10016.