MMC Benefits Handbook
When Coverage Ends
Under the Basic Life Insurance Plan, coverage ends on the first of the following to occur:
- the date you terminate employment
- the date you no longer meet the eligibility requirements
- the 13th month of an approved leave of absence, unless you are totally disabled and receiving benefits under the Company's Basic Long Term Disability Plan
- the date of your death
- the date the Plan is terminated.
If you die within 31 days of your termination date, a benefit will be paid as if the coverage were still in effect.
Certain retirees may be eligible for a Basic Life Insurance benefit as described in the "Retiree Benefit" section, under "How the Plan Works."
You can convert your Basic Life Insurance Plan to an individual policy.
Converting to an Individual Policy
You can convert coverage under the Plan to an individual policy if you become ineligible for this group coverage for any reason. When coverage ends, you have 31 days to apply and make the required premium payment for an individual policy without submitting Evidence of Insurability. However, in no event will the conversion period extend beyond 91 days from the date coverage ends.
How do I apply for a conversion?
To apply for conversion to an individual policy, you must complete and submit a Conversion of Group Life Benefits to an Individual Policy Form, together with the required premium payment, within 31 days from the date coverage ends. However, in no event will the conversion period extend beyond 91 days from the date coverage ends.
Upon termination, MetLife will mail you a packet of information explaining your conversion and/or portability option.
Do I need Evidence of Insurability to convert to an individual policy?
No, you do not need to provide Evidence of Insurability to convert your Basic Life Insurance as long as you apply within 31 days of your coverage end date and you make the required premium payment.
When does my Individual Life Policy take effect?
Your individual policy takes effect on the 32nd day after the date the group coverage ends, regardless of the duration of the application period.