When employees leave their company, they usually have the right to keep the amount of life insurance provided by the group plan. If they elect to convert the coverage to an individual policy and pay the future premiums themselves they must complete the conversion within 30 days of leaving the group plan.
This Maximum is the minimum amount of coverage all employees are eligible for (subject to income requirements) under the life, Short and Long term disability.
Have the employee complete a Employee Change Request and a statement of health/evidence of insurability and send into the insurance company. The change request and statement of health will be sent to underwriting department for processing; based on the medical information provided the dependents will either be approved or declined.
Have the employee complete a employee application and a statement of health/ evidence of insurability and send into the insurance company. The employee’s application will be sent to the underwriting department for processing; based on the medical information provided the employee will either be approved or declined.
