Slide Show Ted Kennedy's Life and Legacy The Nation from thenation.com
When an employee has group life insurance provided to him by his employer, that plan is in force for as long as the employee is actively working. In no event will this period be However, some features of the contract (underlying assets, death coverage, etc.) will have to be adapted according to.
Slide Show Ted Kennedy's Life and Legacy The Nation
Life insurance portability often comes with an age restriction, whereas conversion doesn’t. The beauty of this choice is that the employee who elects to “convert” need not pass a physical or be otherwise insurable. This is often called “portability” of the policy. Portability allows eligible insured employees to “port” (or buy) group life insurance coverage when they are losing coverage because their coverage is being voluntarily or involuntarily terminated.
