What types of life insurance policies are available?
Starting Jan, 1, 2004, upon retirement you may be eligible to purchase portable supplemental life insurance at competitive group rates and without providing evidence of insurability from our life insurance provider MetLife. In addition, you may also elect to continue coverage for your dependents if you are enrolled in the dependent life plan before you leave Intel. For more information on this opportunity and other life insurance options, refer to the T-Comp Handbook or , or contact MetLife (800) GETMET8 (438-6388). Another option is to convert your group life insurance after retiring. MetLife has a choice of policies for conversion, but they are more expensive than purchasing portable supplemental life or dependent life insurance. A converting employee may elect either a whole life policy immediately upon conversion or select a one-year term life policy. At the end of the one-year term policy, the employee would have the right to renew it into a whole life policy. A one-year term poli
