After turning 70 this month, I discovered that my supplemental life insurance premium went up 62%!! So I called MetLife and found that I can reduce the coverage amount by increments of $1000, down to a minimum of $20,000. The rep gave me a phone number to call for info on our basic life insurance coverage, but when I called, the number is no longer available at ADP.
My first question is do we still have basic life insurance of one year’s salary? I thought we were still paying income tax on this benefit?
Who do we contact to find out about it?
Thanks,
Bill