Group Life Insurance
Clergy Pension Plan
Group Life Insurance is offered as a benefit to eligible retired clerics who participate in The Church Pension Fund Clergy Pension Plan. Should you die after you retire, your beneficiary will receive a benefit equal to:
- Four times your highest average compensation, with a minimum value of $10,000, and a maximum value of $50,000.
For additional information, please refer to your Clergy Pension Plan Guide.
Employer-Provided Group Life Insurance
If your employer or diocese provided an additional Group Term Life Insurance as a benefit, they may offer a reduced insurance benefit for retirees. Ask your former employer or diocese for details.
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 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 licensed life and retirement specialists.
Life insurance and annuities are offered by or through Church Life Insurance Corporation, 19 East 34th Street, New York, NY 10016.