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 ATT T 0.36% 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...
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