Group Life Insurance
Clergy Pension Plan
CPF makes a life insurance benefit available under the Life Insurance Plan to eligible retired clergy.
If you were an Active participant in the Clergy Pension Plan immediately prior to your retirement, your beneficiary(ies) will receive a life insurance benefit equal to six times your Highest Average Compensation, up to a maximum of $50,000.
For information about designating a beneficiary or the default beneficiary provisions that apply under the Life Insurance Plan, see Life Insurance Benefit.
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 financial education specialists.
Life insurance and annuities are offered by or through Church Life Insurance Corporation, 19 East 34th Street, New York, NY 10016.