August 8, 2012
The Immediate Benefit Plan
AFSPA held an Open Enrollment for the Immediate Benefit plan last fall…it was an overwhelming success! Most importantly, this plan provides a valuable benefit to those families who will face unexpected expenses should their loved one pass on. Keep in … Continue reading
For $2 per pay period, the Protective Association’s Immediate Benefit Plan (IBP), issued by The Prudential Insurance Company of America, steps in to help cover immediate expenses, such as mortgage payments, funeral costs, final medical bills, car payments, etc.
The beneficiary(ies) will receive a check in the amount of $15,000 (at age 70 this benefit reduces to $7,500) generally within two business days of the Protective Association’s receipt of official notification of death by the employee’s agency.
The Immediate Benefit Plan is available only to Foreign and Civil Service employees of the Department of State, U.S. Agency for International Development, Foreign Agricultural Service and Foreign Commercial Service (Foreign Service employees only). Please select “brochure” and complete your enrollment process online using the links on the left. The enrollment process provides online instructions with email notification as each of the three steps (enrollment, approval, and first payment) are completed.