Information from President Jim Dooley regarding retiree life insurance

August 22, 2024

At the present time there are 217 FCPD retirees who maintain life insurance with the Hartford through the active police association (FCPA). We have been informed that the premium for this group term life insurance will be increasing effective September 1, 2024. Letters were mailed on 08-21-24 to those 217 retirees who have this insurance informing them of the change, the amount of the monthly premium increase, and what to do to keep coverage or drop from the plan. Look for this letter.

This increase is necessitated by the fact that the FCPA has re-negotiated the contract for life insurance in order to provide increased coverage for their active duty members. However, in order for retirees to keep life insurance with the FCPA, the monthly premium will almost double with no increase in benefit.

Retiree Freddie Rappina, who owns Opta Financial, has options for everyone including a policy for police retirees. Even if you did not keep FCPA insurance when you retired, because you are a FCPD police retiree you will have the opportunity to sign up for this new life insurance plan. Freddie will be offering additional plan information in a pro/con manner via a Webinar and we will supply additional information as soon as it is available.

Note: No retiree who currently has life insurance through the FCPA will be forced to leave that plan. However, many retirees, particularly older retirees, may elect to drop this coverage because of the cost increase. The insurance offered through MassMutual may provide a suitable and less expensive or higher value option. It is important that you know your options. We will try to get information out ASAP.