MMC Benefits Handbook
When Coverage Ends
Under the GVUL Insurance Plan, coverage ends on the first of the following to occur:
  • the date of your death
  • the date you discontinue coverage
  • the date you no longer meet the eligibility requirements
  • the last date you have paid premiums
  • the date the Plan is terminated.
The Plan includes a portability feature that allows you to continue coverage on a direct bill basis at retirement or termination of employment. Conversion to a personal policy of insurance is also available if portability is not elected, under certain circumstances.
Exception:
If you die within 31 days after your coverage ends, the Claims Administrator must receive proof of your death with the required documentation. If approved, your beneficiary will be paid the benefit amount you were entitled to convert. Following your death, your beneficiary must contact Mercer Voluntary Benefits (provided by Mercer Health & Benefits Administration) at +1 800 225 2265 and you will be transferred to a MetLife GVUL Customer Service Representative for instructions. See the "Filing a Claim" section for additional information.
If your spouse or domestic partner (or child) dies within 31 days of your termination date, a benefit will be paid as if the coverage was still in effect. The new policy will take effect on the 32nd day after the date your coverage ends. This will be the case regardless of the duration of the application period.
Does my coverage end if I become disabled?
No. Your coverage will continue during Short Term Disability. As long as you receive benefits under the Company's Basic Long Term Disability Plan, your coverage will continue while out on Long Term Disability. No contributions will be required if you are on Long Term Disability.
Does my coverage end if I go on an authorized unpaid leave of absence?
No, you may continue coverage, provided you pay the required contributions.
Continuing Coverage on a Direct Bill Basis/Portability
Can I continue my GVUL Insurance Plan coverage on a direct bill basis when my employment ends or at retirement?
Yes, you can continue your GVUL Insurance Plan coverage on a direct bill basis when your group coverage ends, provided you continue to make the required contributions directly to the plan insurer, and portability is available in your state of residence.
If you will be a non-US-resident, you may continue your GVUL coverage on a direct bill basis. You must pay your premiums in US dollars.
Upon termination, MetLife will mail you a packet of information explaining your portability option.
Can I change my GVUL Insurance Plan coverage amount when my group coverage ends?
Yes, you may elect the same or a lower or higher coverage amount to be continued when your coverage ends, subject to minimum and maximum coverage levels.
Is there a minimum coverage portability amount?
Yes, the minimum coverage level is $10,000.
Is there a maximum coverage portability amount?
Yes, the maximum coverage portability amount is $5 million dollars.
Are post-employment contribution rates higher than employee rates?
Yes, post-employment contribution rates are higher than employee rates but may be lower than the rate you would pay for a comparable individual policy.
Portable Rates
These monthly rates per $1,000 of coverage shown below are subject to change in the future as Metropolitan Life Insurance Company evaluates the claims experience of all individuals—not just former Marsh & McLennan Companies employees—who elect "portable" coverage.
Portable Monthly Rate Per $1,000 of Coverage
Age
Retiree
Termination
20 - 26
$0.072
$0.111
27 - 29
$0.072
$0.103
30 - 31
$0.097
$0.103
32 - 33
$0.097
$0.111
34
$0.097
$0.118
35
$0.109
$0.126
36
$0.109
$0.133
37
$0.109
$0.148
38
$0.109
$0.162
39
$0.109
$0.178
40
$0.121
$0.195
41
$0.121
$0.216
42
$0.121
$0.239
43
$0.121
$0.265
44
$0.121
$0.291
45
$0.181
$0.322
46
$0.181
$0.357
47
$0.181
$0.396
48
$0.181
$0.438
49
$0.181
$0.483
50
$0.278
$0.533
51
$0.278
$0.589
52
$0.278
$0.649
53
$0.278
$0.717
54
$0.278
$0.783
55
$0.519
$0.865
56
$0.519
$0.952
57
$0.519
$1.053
58
$0.519
$1.162
59
$0.519
$1.282
60
$0.796
$1.419
61
$0.796
$1.567
62
$0.796
$1.733
63
$0.796
$1.917
64
$0.796
$2.125
65
$1.532
$2.351
66
$1.532
$2.588
67
$1.532
$2.802
68
$1.532
$3.029
69
$1.532
$3.280
70
$2.485
$3.562
71
$2.485
$3.881
72
$2.485
$4.246
73
$2.485
$4.659
74
$2.485
$5.107
75
$4.029
$5.583
76
$4.029
$6.136
77
$4.029
$6.714
78
$4.029
$7.320
79
$4.029
$7.973
80 - 84
$6.526
$7.973
85+
$10.567
$7.973