What is the Conversion Privilege?

The Conversion Privilege permits you to keep your Employee Life insurance in the following situations:

  • Your employment ends;
  • You leave the Eligible Class;
  • The Policy ends or there is a change in the Eligible Class, under certain other specified conditions; or
  • Your Policy was being continued because of a disability and the continuation ceases and you have not returned to work as an active employee.

Application must be made within 31 days after the group insurance ends. The converted policy is an individual policy, written on any form we then issue for the amount chosen, except term insurance. Waiver of premium, accidental death, or other optional provisions or riders are not available under the individual policy.