Hourly Optional Life and Dependent Life Insurance Premium Holiday
Hourly employees, retirees, and surviving spouses/same-sex domestic partners enrolled in Optional Life Insurance (OLI) and/or Dependent Life Insurance (DLI) offered through the General Motors Life and Disability Benefits Program for Hourly Employees will have their monthly contributions waived for two (2) months for Optional Life Insurance and eight (8) months for Dependent Life Insurance beginning May through December 2010. Participants will not receive deductions and will not be required to make payments for OLI coverage for the months of May and June and for DLI coverage for the months of May through December 2010. Monthly contributions and payments will resume in July 2010 for OLI contributions and in January 2011 for DLI. Those Plan participants who currently pay their contributions in advance should send their personal checks or money orders for amounts minus the premiums for the months that are waived. This premium holiday does not extend any period during which hourly employees, retirees or surviving spouses/same-sex domestic partners are entitled to continue coverage. For example, if your eligibility for life insurance coverage is ending during the waiver period, coverage will still end. Any premium adjustments will also be suspended during the premium holiday and will resume at the conclusion of the premium holiday period. If you have any questions regarding your life insurance coverages, please contact the GM Benefits & Services Center, select Life Insurance when prompted, at 1-800-489-4646, Monday through Friday between 7:30 am and 6:00 p.m. Eastern Time zone to speak to a Life Insurance Customer Service Associate.
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