Effective January 1, 2018 The Basic Life Insurance coverage that is provided at no cost to all COBA Members will increase from $10,000 to $15,000. The Basic Life Insurance coverage for the Spouse of a COBA Member will also increase from $10,000 to $15,000. The Basic Dependant coverage for a child of a COBA Member will increase from $2,000 to $5,000.

There is no increase available in the Supplemental Coverage or Retiree Coverage at this time. That is the Coverage the COBA Members pays for through payroll deduction ( $50,000, $100,000 and $200,000). We are hoping to be able to offer increased supplemental coverage in the future.  

The $10,000 AD&D (Accidental Death & Dismemberment) portion of the Basic Life Insurance Policy was removed to help defray some of the cost of the increase. In the 18 years COBA has provided its Members with the Basic Life Insurance only once has a AD&D claim been submitted and paid.

COBA Members are encouraged to update their Beneficiary information. Beneficiary Forms are available on the COBA website. To request an increase in Supplemental coverage or for help with updating your beneficiary information contact COBA Secretary Brian Wise (516) 937-7800.