Life Insurance Pension Benefit
Group Life Insurance is offered as a benefit to eligible active and retired clergy who participate in The Church Pension Fund Clergy Pension Plan.
If eligible clergy die before they retire, their beneficiary will receive a benefit equal to:
- Four times the cleric’s current total assessable compensation, with a minimum value of $5,000, and a maximum value of $100,000.
Supplemental life insurance is available during periodic enrollment periods for clergy who do not have supplemental life coverage.
The Clergy Pension Plan also provides a separate lump-sum death benefit of $5,000, as well as survivor’s benefits for active clergy who die before they retire. For additional information, please refer to the Guide to Clergy Benefits.
Beneficiaries of eligible retired clergy will receive a benefit equal to:
- Four times the cleric’s highest average compensation, with a minimum value of $10,000 and a maximum value of $50,000. This benefit is provided to all clergy who retire directly from active service or who have earned at least 25 years of credited service.
Enrolling a New Employee?
Clergy who participate in the Clergy Pension Plan are enrolled in the Life Insurance Pension Benefit when they begin to participate in the Clergy Pension Plan. No separate enrollment is required.
In the event that any information on this page is in conflict with the actual insurance policy or contract, the policy or contract shall govern.
Life insurance and annuities are offered by or through Church Life Insurance Corporation, 19 East 34th Street, New York, NY 10016.