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What is Benefits Reduction?

Benefits reduction is when the maximum volume amount gradually decreases as an employee ages.

For example, if an employee has elected $100,000  when they were 64, and are now turning 65, they may only be eligible for a maximum of $75,000.

Benefits reduction is often indicated as a percentage amount of volume per age range, as seen below.

LifeBenefitReductionSchedule.width-800.jpg

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