at&t-slashed-promised-life-insurance-for-former-workers—and-time-runs-out-at-year-end

AT&T Slashed Promised Life Insurance for Former Workers—and Time Runs Out at Year-End

When Dean Allison left his job as a property manager at AT&T in 1998, the company offered an incentive to retire: a payment of at least $63,000 upon his death.

He took the deal, figuring the money would someday help his wife cover funeral expenses, pay outstanding bills and have more to live on.