Tag: life insurance

  • Sears Cancels Life Insurance Benefits for up to 90,000 Retirees

    Retirees were in for a shock when they received letters informing them that their life insurance benefits had been canceled. (Photo: Getty Images)

    Sears announced this month that an undisclosed portion of the struggling department store chain’s 90,000 retirees would be losing their life insurance benefits. The retailer sent letters to the retired employees informing them that their life insurance would be axed as of March 15, according to Ron Olbrysh, chairman of the National Association of Retired […]