Converting Group Life Insurance to Individual Cigna Form
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People also ask
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How long do you have to convert a group life policy to an individual policy?
How Long Do I Have To Convert? In general, you must apply for, and pay the first premium for, the individual whole life insurance policy within 31 days after your group life insurance ends (or is reduced, if applicable).
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Can you convert a group life insurance policy to an individual policy?
If your group life insurance ends because the group policy has been terminated or amended, you may have a right to convert a portion of the life insurance to an individual whole life insurance policy.
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What is group life insurance conversion?
Group life insurance conversion allows the employee to convert to an individual whole-life (or permanent life) insurance policy. Conversion to a whole life premium plan will result in a life insurance policy that remains in effect for the rest of the insured's life.
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What is a group life conversion application?
Reliance Standard Life Insurance Company. This form is to be used only when an eligible person desires to convert his/her Group Life insurance to an Individual policy.
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