BWXT Y•12 - Life Insurance - Supplemental Life Insurance

While you were an active employee, supplemental life insurance coverage of at least one times your pay was available on an optional contributory basis. Salaried employees who retired prior to 2-1-2001 and hourly employees who retired prior to 8-1-2001 were eligible to continue coverage as described below.

If you retired before age 65 prior to 2-1-2001 for salaried employees, or prior to 8-1-2001 for hourly employees and:

you were eligible for an immediate pension benefit

and

you had supplemental life insurance coverage for at least one year immediately preceding retirement.

You had the following options:

continue your supplemental life insurance amount until age 65 by continuing to make your regular premium payments. After age 65, any difference between what was covered during active service and the reduced amount can be converted to an individual policy within 30 days from the date benefits were reduced by contacting any MetLife representative or by calling 1-877-275-6387 for the nearest office

or

take the reduced supplemental life insurance amount immediately at no cost to you.

Benefit Amounts

For salaried employees retiring after 2-1-2001 and hourly employees retiring after 8-1-2001

During Retirement — At Any Age
Your supplemental life insurance coverage terminates unless you convert it to an individual policy. Refer to “Conversion Privileges” at the end of this section if you would like to convert to an individual policy.

If you retired at age 65 or later prior to 2-1-2001 for salaried employees, or prior to 8-1-2001 for hourly employees

A reduced amount of supplemental life insurance coverage will continue for the rest of your life at no cost to you. The amount of coverage is based on your years of plan participation as shown in the chart below:

Years of Plan Participation Prior to Retirement	Insurance Amount
Less than one year	$0
One year but less than five years	$312 supplemental life insurance
Five or more years	The greater of (a) or (b): (a) 1% of your supplemental life insurance amount just before retirementtimes your years of service (including any fraction of a year) plus $250 supplemental (minimum: $1,250)or 12.5% of your supplemental life insurance just before retirement (up to a maximum of $5,000) or (b) 10% of your supplemental life insurance just before retirement.*
* If you retired after age 65, the amount of your reduced life insurance will be calculated using the amount of your supplemental life insurance at age 65.

Any difference between what was covered during active service and the reduced amount can be converted to an individual policy within 30 days from the date benefits were reduced by contacting any MetLife representative or by calling 1-877-275-6387 for the nearest office.