Retiree Life insurance 

​Chubb is phasing out retiree life insurance through Prudential. As the chart below shows, the benefit will be reduced by 25% each year until it is fully eliminated by 2026. Beginning in 2024, your coverage will be reduced to 50% of your original benefit amount. 

For example, if you currently have $7,500 in retiree life insurance coverage, that amount will to $5,000 in 2024. And will continue to decrease by 25% increments through 2025, and there will be no coverage beginning in 2026.