NFL Collective Bargaining Agreement

Article 63
Former Player Life Improvement Plan

Section 7
Life Insurance Benefit

Eligible former players who (i) have neither reached their normal retirement age nor actually retired under the Retirement Plan and (ii) are not eligible for Life Insurance benefits under the NFL Player Insurance Plan, shall continue to be covered by a term life insurance policy, except effective September 1, 2020, the FPLIP shall be amended to increase the amount of the life insurance to $40,000, plus $2,000 for each Credited Season in excess of a player’s required number of seasons to vest under the Retirement Plan, up to a maximum of $50,000.