Yes, the face amount of coverage reduces when an employee reaches certain ages. The face amount reduces to 65% of the original amount at age 65, to 45% of the original amount at age 70, and to 35% of the original amount at age 75.
Yes, the face amount of coverage reduces when an employee reaches certain ages. The face amount reduces to 65% of the original amount at age 65, to 45% of the original amount at age 70, and to 35% of the original amount at age 75.