Security Benefits

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Life Insurance

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Accidental Death and Dismemberment Insurance

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Legal Plan

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Pet Health Insurance

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Long-Term Care Insurance

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Home and Auto Insurance

Life Insurance Coverage Eligibility

Who is Eligible?	Retiring Under Age 65 / Age 65 or Older
You are eligible for Retiree Life Insurance if you are at least age 55 and have at least 10 years of service as of your termination date AND were hired or rehired prior to January 1, 2011.	As an eligible retiree, you will receive a flat $30,000 in Life Insurance, at no cost to you. Active employee coverage ends on the last day of the month in which your employment with AEP ends; however, if you die within 31 days of your last day of work, the Plan will provide the full death benefit you would have received under the terms of the policy. NOTE: Grandfathering provisions may apply to those who were at least age 50 with at least 10 years of service as of December 31, 2000.

Who is Eligible?

Retiring Under Age 65 / Age 65 or Older

You are eligible for Retiree Life Insurance if you are at least age 55 and have at least 10 years of service as of your termination date AND were hired or rehired prior to January 1, 2011.

As an eligible retiree, you will receive a flat $30,000 in Life Insurance, at no cost to you. Active employee coverage ends on the last day of the month in which your employment with AEP ends; however, if you die within 31 days of your last day of work, the Plan will provide the full death benefit you would have received under the terms of the policy.

NOTE: Grandfathering provisions may apply to those who were at least age 50 with at least 10 years of service as of December 31, 2000.

Life Insurance

1-877-491-5268

lifebenefits.com/aeplife

Active employee Life Insurance coverage ends on the last day of the month in which your employment with AEP ends; however, if you die within 31 days of ending your employment, the Plan will provide a death benefit in the amount of the insurance you would have been eligible to convert under the terms of the policy.

You are eligible for Retiree Life Insurance if you are at least age 55 and have at least 10 years of service as of your termination date AND were hired or rehired prior to January 1, 2011. If you meet this criteria, you will automatically receive Retiree Life Insurance coverage in the amount of $30,000, at no cost to you. You may continue any additional Life Insurance coverage that you had as an active employee over the Company-provided Retiree Life Insurance amount directly through the insurance carrier through portability and conversion offerings. If you do not meet the Retiree Life Insurance eligibility criteria as described in this paragraph you will only have the option of portability/conversion directly through the Life Insurance carrier. There will be no company-provided offering available to you.

When you end employment, you may be eligible to continue your Group Term Life and Accidental Death & Dismemberment (AD&D) Insurance under the portability provision (port) or to convert your Group Term Life to an Individual Life Insurance policy. You may also be eligible to port your dependents’ Life Insurance in effect on your portability date. You do not have to be actively at work on the last day of employment with AEP to be eligible for portability. Portability allows you to continue coverage by paying the applicable premiums directly to the insurance company.

Dependent Life Insurance

Coverage ends on the last day of the month in which your AEP employment ends. If you are eligible and elect to port your Life Insurance coverage, you may also elect to port any covered spouse’s or covered dependent child(ren)’s insurance that are in effect on your portability date.

If you port some or all of your Life Insurance coverage (minimum portable amount is $10,000):

You may port your spouse’s dependent (spousal) Life Insurance and AD&D Insurance coverage up to the amount they had in effect on your portability date, not to exceed $500,000.
You may port $10,000 of Dependent (child) Life Insurance coverage.

Helpful Tip:

The Life Insurance provider’s portability rates are not the same as the rates active employees pay for coverage that is available under the AEP Life and Accidental Insurance Plan. In general, portability rates are higher than the AEP Life Insurance Plan rates.

Accidental Death & Dismemberment (AD&D) Insurance

1-877-491-5268

lifebenefits.com/aeplife

Coverage ends on the last day of the month in which your employment with AEP ends. You may port Basic, Supplemental, and Dependent AD&D Insurance coverage if you or your covered dependent(s) are eligible for and elect to port your Life Insurance.

Legal Plan

1-833-214-4172

metlife.com/mybenefits

Coverage ends on the last day of the month in which your employment ends. If you are in the middle of a case, MetLife will complete the work that was started while you were enrolled. You also have the option to continue your legal plan coverage by enrolling in an individual plan. Contact MetLife Legal Plans to learn more.

Pet Health Insurance

1-800-438-6388

metlife.com/getpetquote

You may continue participating in Pet Health Insurance, but on a direct-bill basis. For more information, contact MetLife within 30 days of your employment ending.

Long-Term Care Insurance

1-844-898-1176

groupltci.com/aep

You may continue participating in Long-Term Care Insurance on a direct-bill basis. For more information, contact LifeSecure within 30 days of your employment ending.

Home & Auto Insurance

1-800-438-6381

metlife.com/mybenefits

You may continue participating in Home & Auto Insurance on a direct-bill basis; however, you may lose the AEP group discount. For more information, contact Farmers GroupSelect within 30 days of your employment ending.

This guide covers the benefits of retirees who are age 55 or older and who have ten or more years of credited service with AEP as of their last day of employment. If you are under age 55 with ten years of credited service as of your last day of employment, please refer to the guide “Leaving AEP: A Guide for Ending Employment.” If you were a part-time employee, please note that the following Plans or programs referenced in this guide are not applicable: Life Insurance, Dependent Life Insurance, Accidental Death & Dismemberment (AD&D) Insurance, the Long-term Disability (LTD) Plan, personal days off, educational assistance, adoption assistance, the educational awards program, and SIRVA Mortgage Services.

This guide is not intended to be a Plan document, Summary Plan Description, or required notice with respect to any of the Plans mentioned. AEP reserves the right to modify, amend, suspend, or terminate the Plans at any time. Refer to the applicable Plan document if you have any questions relating to a specific Plan or benefit.