Life Insurance

Discussion in 'XPO Logistics' started by sucker666, Aug 28, 2017.

  1. sucker666

    sucker666 Well-Known Member

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    Does anyone know what the benefit amount was on the life insurance. I received the statement in the mail stating they were changing carriers and the amount of the benefit was 50,000 . Was this always the amount or was it higher at one time. I have to go back in my records and check just wondering if anyone knows of the top of their heads.
     
  2. sucker666

    sucker666 Well-Known Member

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  3. smokin'joe

    smokin'joe Well-Known Member

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    Our basic life? I thought that was 2x your yearly rate.
     
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  4. sucker666

    sucker666 Well-Known Member

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    I'm going to look into it further but I have the paper from Aetna in my hands that says $50,000. I'm off running around on my day off when I get home I will check my file.
     
  5. sucker666

    sucker666 Well-Known Member

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    I went back to my total compensation statements in my file and benefit was 2x's my base salary so it appears our life insurance benefit under Xpo has been lowered to a $50,000 payout. If anyone knows anymore detail on this I would greatly appreciate your input.
     
  6. sucker666

    sucker666 Well-Known Member

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    Yes ,our basic life ,sorry about that looking back at my original post I did not indicate that.
     
    Last edited: Aug 28, 2017
  7. smokin'joe

    smokin'joe Well-Known Member

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    I read in the policy that you could revert from the 2x down to just $50,000 if you chose.

    "If you are eligible for full benefits you have basic life coverage equal two times your annual pay. You also may choose to limit your company-provided basic life coverage to $50,000 (if eligible) to avoid the small amount of imputed income."
     
  8. ROUGHBOY

    ROUGHBOY Member

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    So, WHY WOULD I WANT TO REDUCE. THE AMOUNT MY BENEFICIARIES RECEIVE? I AM MISSING SOME THING, HERE.
     
  9. smokin'joe

    smokin'joe Well-Known Member

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    I fully agree, but just sharing the info I researched.
     
  10. micshol

    micshol Member

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    Per Benefits summary in portal I'm still reading 2X base salary
     
  11. sucker666

    sucker666 Well-Known Member

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    I did some research and the amount is still the same 2x 's your base. The paper from Atena that a coworker showed me was a supplement he opted for his wife. I don't know if that amount has change or not because I never payed for the supplemental policy.
     

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