When an active DEA member retires, his or her DEA group life insurance policy terminates,
but the member does have the right to convert to a permanent life insurance plan without medical questions asked.
If you’re planning to retire, you should look into this
important matter as soon as possible by contacting the DEA’s insurance
consultant:
Irv Mechanic & Associates
Phone (845) 624-3800 or (718) 562-5702 or FAX (845) 624-2080
DEA Members can take advantage of low cost, optional payroll deduction term life
insurance: only $3.69 per paycheck for $100,000 of protection if you're under 40 years of age. Term life insurance
is an excellent plan to keep your premium as low as possible. Thousands of DEA
members have already picked up this option. For further information, call Mechanic
& Associates or visit their website.
Mechanic & Associates also offers through the DEA a pre-retirement counseling service that can review
your pension options and any rollover monies that are available to you in the pension system.
To take advantage of this program, contact Mechanic
& Associates or visit their website.
