Conversion to a Personal Life Insurance Policy

Application for a Personal Policy

If you or one of your Dependents cease to be insured for life insurance coverage for one of the reasons stated below, you can convert all or part of the life insurance coverage, which then ends, to an individual life insurance contract. AD&D amounts are not eligible for the conversion option. Evidence of insurability is not required for conversion to a personal policy. The reasons are:

  1. Your employment ends for any reason or you otherwise lose eligibility.
  2. All term life insurance of the Life and AD&D Insurance Program ends by amendment or otherwise; but, on the date it ends, you must have been insured for five continuous years for that insurance.

NOTE: The life insurance available under the Life and AD&D Insurance Program is term coverage.  The term coverage under the Plan cannot be converted to an individual term policy under the conversion option.

To convert your existing Employee, Spouse, or Child Life Insurance coverage into a personal policy, you should contact:

Metropolitan Life Insurance
(888) 252-3607 (1-888-ASKMET7)

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Availability

If you or a Dependent opt to convert as stated above, Metropolitan Life must receive a completed conversion application form within the Application Period described below. 

  1.  If written notice of the option to convert is given within 15 days before or after the date life insurance for you or a Dependent, as applicable, ends, the Application Period begins on the date that such life insurance ends and expires 31 days after such date. 
  2. If written notice of the option to convert is given more than 15 days after the date life insurance for you or your Dependent, as applicable, ends, the Application Period begins on the date such life insurance ends and expires 15 days from the date of such notice.  In no event will the Application Period exceed 91 days from the date life insurance ends.

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Individual Contract Rules

The individual contract must conform to the following:

Amount:  If the life insurance under the Life and AD&D Insurance Program ends by amendment or otherwise for you or a Dependent, as applicable, the maximum amount of insurance you may elect for the new policy is the  lesser of the following:

  1. The total amount of the life insurance then ending under the Life and AD&D Insurance Program reduced by the amount of group life insurance for you or your Dependent, as applicable, under any group policy within 31 days after the date insurance under the Life and AD&D Insurance Program ends; or
  2. $10,000.

If your or your Dependent’s life insurance ends due to an organizational restructuring, the maximum amount of insurance that may be elected for the new policy is the amount of life insurance that ends under the Life and AD&D Insurance Program less the amount of life insurance for you or your Dependent, as applicable, under any group policy within 31 days after the date insurance under the Life and AD&D Insurance Program ends.

If your or your Dependent’s life insurance ends for any other reason, the maximum amount of insurance that may be elected for the new policy is the amount of the applicable life insurance that ends under the Life and AD&D Insurance Program.

Form:  Any form of a life insurance contract that:

  1. Conforms to Title VII of the Civil Rights Act of 1964, as amended, having no distinction based on sex; and
  2. Is one that Metropolitan Life usually issues at the age and amount applied for.

This does not include term insurance or a contract with an accidental death and dismemberment benefit, an accelerated benefit option, a waiver of premium benefit or any other rider or additional benefit.

Premium:
  Based on Metropolitan Life’s rate as it applies to the form and amount and to your class of risk and age at the time.

Effective Date:  On the 32nd day after the date the applicable life insurance under the Life and AD&D Insurance Program ends.

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If You Die During the Application Period

If you or your Dependent, as applicable, dies within 31 days after the life insurance ends, proof of your death must be sent to Metropolitan Life.  When Metropolitan Life receives such proof with the claim, they will review the claim and if they approve it will pay the Beneficiary.  The amount they will pay is the amount you were entitled to convert.

The amount you were entitled to convert will not be paid as insurance under both a new individual conversion policy and the Life and AD&D Insurance Program.

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Porting Eligible Life and AD&D Insurance

With the exception of Core Employee Life and Core Employee AD&D coverage, all life and AD&D coverage for you and your Dependents is portability eligible in the event such coverage is lost for one of reasons listed in your Certificate of Insurance.  “Porting” is a process in which you choose to continue such coverage under another group policy offered by Metropolitan Life Insurance Company.  Additional information and details regarding Porting can be found in your Certificate of Insurance.