You may convert a limited amount of life insurance coverage for an Insured, if the Insured has been covered under the Employer's group policy with us for at least three (3) years. The maximum amount you have the right to convert is the lesser of: - $10,000; or - the Insured's life insurance coverage under this certificate less any amounts that become available under any other group life policy offered by the Employer within 31 days after the date the policy is cancelled. The Payment of Benefits provision in the Claim Provisions section of the certificate is amended to include the following statement: Benefits for which we are liable will be paid within 45 days after we receive Proof of Loss and any additional supporting evidence. Any death benefits will include interest from the date of death up to the date of payment. The Beneficiary and Designation Change provision in the Claim Provisions section of the certificate is amended as follows for benefits that are payable to your estate: To the extent permitted by law, the amount payable to your estate will not be subject to any claims of any creditor or creditor's representative. 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".
GLIFE-STATEVAR
(1/1/2025) 18
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