Are life insurance conversions privileges also available for retirees?
A. There could be, but life insurance conversion privileges cease at age 70.Portability is generally considered a less costly coverage, however, the rate per thousand is subject to increase as you age. Conversion policies have rates that do not increase based on age. If eligible, notice of both privileges to port and rights to convert coverage will be provided.
Related Questions
- Our retirees can choose to continue some of their benefits but not all. Can VSI maintain different types of retiree benefits including age rated life insurance?
- What are the privileges of a Licensed User that purchased Omnisphere from an authorized Spectrasonics dealer?
- What are the requirements for Medical Staff Membership and Privileges at Thomasville Medical Center?
