Retired Allstate employees picket for life insurance - WSLS 10 NBC in Roanoke/Lynchburg Va

Retired Allstate employees picket for life insurance

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ROANOKE COUNTY -

Allstate insurance company sent letters to some retired employees and in it states that the company would stop paying for life insurance benefits by January 1st 2016.

Dozens of retired employees are picketing against it in front of the Roanoke office.

It didn't cost the retired employees to have life insurance and now have to choose whether to pay a monthly premium or go without it. Some of the picketers say they couldn't afford it and can't find something cheaper because of their age or health conditions.

"I've had breast cancer twice and my chances of getting insurance again due to my age and my health issues I'll never get it," says Kathy Shepherd, retired Allstate employee.

Sherry Thurman who worked with Allstate for 42 years and says she's upset that the money she saved for her retirement will be used for something unexpected.

"You're living on a smaller income," says Thurman. "You don't get cost of living increases all you live off of is what you saved while you were working and also your social security."

Some of the protestors are represented by an Alabama based lawyer under Heninger Garrison Davis and he told us he's representing about 600 retire employees nationwide but that number grows by the dozens daily.

Senior corporate relations manager Laura Strykowski sent us this statement:

"Allstate respects and values the contributions of our company's employees and retirees. We have recently made changes to our retirement and life insurance benefit programs for a number of reasons, including to bring us more in line with benefits offered in the marketplace. These changes have been made in accordance with the plan parameters for our various employee and retiree benefit offerings. The company continues to provide employees with a contemporary and competitive benefit package, including a pension, a 401(k) plan and numerous other benefits."

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