BLET Brothers & Sisters,
We want to make you aware of a few insurance policies you are covered under. We are providing you with this information to make sure these policies have the correct beneficiary information and are up-to-date, and so you can list these with any other policy information you have.
Railroad Provided Met Life Life Insurance Policy:
You may not be aware, but active railroad employees have a $20,000 life insurance policy through Met Life provided to them by their employer. At retirement, employees are able to keep a $2,000 policy at no cost and may choose to convert the remaining $18,000 to a personal policy.
For more information, please visit https://www.ytth.com. Select Benefits and then Life Insurance and AD&D. Or call Met Life at 1-800-310-7770.
BLET Provides Accident Death & Dismemberment Insurance Policy though Cornerstone:
All active and retired BLET members are entitled to a $4,000 accidental death and dismemberment policy paid for by BLET.
To update a beneficiary for this policy, members can call Cornerstone's office at 847-387-3555 or they can update them online by visiting our website (unioninsurance.com), clicking on Resources, then clicking on “Change of Beneficiary” beneath Forms. I’ve also provided a hyperlink right to the form below.
Change of Beneficiary Form
For reference, the group policyholder is the BLET and the policy number is BTA L0680000300 01. This plan is underwritten by Berkley.