Group Universal Life Annual Premium Increases Delayed until March 1, 2018
February 27, 2018
The Group Universal Life (GUL) annual premium increase that would normally occur as of January 1st each year as a result of the annual pay increases from the previous year, has been delayed. The premium increase will now occur effective with the March 1, 2018 pay check.
It is important to note that premiums retroactive to January 1st will not be collected for the months of January and February 2018.
Both Securian and the United Airlines Benefits Center are aware and we are being told that both are equally prepared to answer questions and address inquiries on the annual premium increases for Group Universal Life coverage.
We understand some of us have already experienced rate increases in January and we are seeking a better understanding of those increases.