The Exclusions provision in the Life Details | Exclusions section of the certificate is amended as follows: This certificate does not cover any losses where death is caused by, contributed to by, or occurs as a result of suicide occurring within 24 months after an Insured's initial Coverage Effective Date. This certificate also does not cover any losses where death is caused by, contributed to by, or occurs as a result of suicide occurring within 24 months after the date any increases or additional life insurance coverage becomes effective for an Insured. This exclusion will not apply to any amount of life insurance coverage in force for 24 months prior to any increases or additional life coverage. These exclusions will apply to any life coverage for which you pay all or part of the premium. These exclusions will also apply to any life coverage that has been approved by us that is subject to the Evidence of Insurability Requirements. An Insured will be given credit towards the satisfaction of the time period of 24 months for any amount of time satisfied while coverage was effective under your Employer's prior group life insurance policy. The Filing a Claim provision for Step 3 - Proof of Loss in the Claim Provisions section of the certificate is amended to remove the second paragraph which provides that in no event can Proof of Loss be submitted after the expiration of the time limit for commencing Legal Action as stated in the certificate, even if the failure to provide Proof of Loss is due to a lack of legal capacity or if state law provides an exception to the one year time period. The Representation in Applications provision in the General Provisions section of the certificate is amended as follows: In the absence of fraud, any statements made by you will be considered a representation and not a warranty. Such statements will not be used to avoid insurance, reduce benefits, or deny a claim unless they are included in an application signed by you, and a copy of the signed application has been provided to you or your beneficiary. The Contestability provision in the General Provisions section of the certificate is amended to replace the reference to "fraud" in the last sentence of the first paragraph with "non-payment of premium". The Misstatement of Information provision in the General Provisions section of the certificate is replaced with a Misstatement of Age provision and reads as follows: If an Insured's age is misstated, we will: - review the information to decide whether the Insured has coverage and in what amounts; and - if necessary, make the applicable premium adjustments. If the certificate includes a definition of Children or Child that encompasses continuing coverage for a Child if they are full-time students at an accredited post-secondary institution of higher learning for full-time student beyond the 12th grade level, the maximum age for eligibility for a Child who is not a full-time student is age 21. For residents of Maine: A Notice of Right to Convert is added to the Conversion provision in the Life Details - Other Features section of the certificate as follows: Notice of Right to Convert Your Employer must notify you of your Right to Convert all or part of an Insured's life insurance coverage within 15 days from the end of the Conversion Application Period. If your Employer does not notify you within those 15 days, the time allowed for you to exercise an Insured's Right to Convert will be extended for 15 days from the date you are notified.
GLIFE-STATEVAR
(1/1/2025) 4
Made with FlippingBook Online newsletter