Retiree Life Insurance

Retiree Life Insurance coverages, available through MetLife, offer you and your family financial protection when you need it most ― after a death or serious injury.


Depending on your years of service and retirement date, 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 Life Insurance Plans Summary Plan Description (SPD) or call the Nokia Benefits Resource Center.

Coverage Options and Costs

Coverage Options

  • If you are eligible for retiree life insurance, you will automatically receive Basic Life Insurance coverage at no cost.
  • If you are enrolled in optional Group Term Life Insurance (Supplemental Life) coverage at the time of your retirement, you may continue coverage at your cost.
    • You are not allowed to increase this coverage amount after you have retired (it can only be decreased or cancelled). Once coverage is cancelled, it cannot be reinstated.

For specific details and exclusions, refer to the SPD. For specific life insurance amounts, visit the YBR website or call the Nokia Benefits Resource Center.

Your Beneficiaries
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 You can access the applicable beneficiary designation form here.

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.


Basic Life Insurance is provided at no cost. You pay the full cost of Group Term Life Insurance (Supplemental Life).

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