Yes, plans offer coverage for overage dependents as long as they are attending an accredited school on a full time basis. Please refer to your benefits booklet for the age coverage will continue to.
If the Beneficiary Designation is not completed the proceeds from the life insurance will go to the estate. If possible the estate of an individual should not be named as the beneficiary because the proceeds then become subject to probate and could be held up for some time
Terminations should be submitted as soon as possible once an employee has left your employment. Notifications should be sent within 31 days to prevent claims from being paid or future premium being charged. Most insurance carriers will refund up to 3 months’ worth of premium, although you should refer to your insurance contract to confirm.
Depending on your policy, marital status change notifications should be submitted within 31 days, or for certain policies, 60 days. For individuals in a common-law relationship, please refer to your booklets for provisions specific to your plan.
