- your right to continue life insurance coverage; - the monthly premium amount, which cannot exceed 102% of the cost under the Employer's group life insurance policy, that you must send to the Employer; - the manner in which and the office of the Employer to which payment is to be made or sent; and - the time the payments are due to the Employer. The Employer must send you notice by first class mail to your last known address which you have provided to the Employer. If the Employer fails to notify you and your insurance stops, the Employer will be liable to pay the life insurance benefit Unum would have paid had your, your Spouse, or your Children's If you, your Spouse, or your Children die during the 60 day election period and before you elect to keep life insurance coverage in force under this provision, you will have been considered to have elected to continue life insurance coverage under this provision. A death benefit will be payable for you or your covered Spouse, or your covered Children, to you or your beneficiary equal to the amount of life insurance coverage that could have been continued less any unpaid premium owed as of the date of death. life insurance coverage remained in force. Death During the 60 Day Election Period
End of Continuation of Life Insurance Coverage Life insurance coverage will end on the earliest of: - 18 months from: - the date of your terminated employment; or - the date you were Laid off; - the date you obtain life insurance under another group policy; or - the date the Employer's group policy is cancelled.
When life insurance coverage ends on one of the dates above, you, your Spouse, and your Children may convert your life insurance coverage in accordance with the Conversion provision of this certificate. References to the Portability Events provision in the Portability rider is amended to include: - your coverage is no longer being continued under the Life Insurance Continuation Rights provision For residents of Missouri: The Exclusions provision in the Life Details | Exclusions section of the certificate is amended by providing that any losses where death is caused by, contributed to by, or occurs as a result of suicide occurring within 12 months after: - an Insured's initial Coverage Effective Date; and - the date any increases or additional life insurance coverage becomes effective for an Insured; are not covered. 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. In no event will the time allowed for you to exercise an Insured's Right to Convert be extended beyond 60 days from the end of the Conversion Application Period. The Definition of Disability for Waiver of Premium provision in the Waiver of Premium section of the certificate is amended as follows: Due to an Injury or Sickness, you are unable to perform the Material and Substantial Duties of any Gainful Occupation.
GLIFE-STATEVAR
(1/1/2025) 6
Made with FlippingBook Online newsletter