Retiree Life Insurance

Retiree Life Insurance coverages offer you and your family financial protection when you need it most — after a death or serious injury.


Depending on your years of service, your retirement date and other criteria including but not limited to your employment legacy organization (e.g., Lucent, Alcatel, Nokia, etc.), you may be eligible for Retiree Life Insurance coverage.

To determine if you’re eligible, visit the Your Benefits Resources (YBR) website (if already retired), review the applicable Life Insurance Plans Summary Plan Description (SPD) or call the Nokia Benefits Resource Center.

Coverage Options and Costs

Coverage Options

To determine which Retiree Life Insurance coverages are available to you, visit the YBR website (if already retired), refer to the applicable Life Insurance Plans SPD or call the Nokia Benefits Resource Center.

Your Beneficiaries
If you’re eligible, you’ll need to name one or more primary beneficiaries for your retiree life insurance.

You can also name one or more contingent (secondary) beneficiaries, who’ll receive benefits if all primary beneficiaries die before you. You can change your beneficiary at any time by contacting the carrier. If you die and don’t have a beneficiary on file, or if your primary and contingent beneficiaries have died before you, the benefit will be paid according to the Plan’s rules.


  • If you are eligible for Basic Life Insurance, you will automatically receive coverage at no cost.
  • If you are eligible for or enrolled in any optional life insurance coverage (i.e., Supplemental Group Universal Life [GUL] Insurance or Group Term Life Insurance [Supplemental Life]), you will pay the full cost.
    • If you are enrolled in the GUL Insurance option, you may also choose to contribute to the cash fund account. You may use these funds to pay for the cost of insurance during retirement.

How Coverage Affects Your Taxable Income
Imputed income may apply, depending upon your coverage amount.