What is the name of your state (only U.S. law)? live in MO work in Kansas.
Ok here's the situation. My son worked for the company that I work for. I have been there 26 years. He was following in my footsteps. He started full time on May 30 2006. Tragically he died on May 24 2008. He was only 20 years old (lightning strike). That should clear up any guessing. Anyway, when I inquired at work about his life insurance I was told that he was 6 days away from having life insurance. Needless to say I was even more upset. Not a good time to find out that information. So the funeral was on me. Cost was $12000. A cost that I hadn't budgeted for. My fault. So I paid it and it's in the past. This week I received the so called updated employee hand back regarding our life insurance and disability insurance. So I opened the life insurance handbook to page -1-. This is what I read:
Effective date: October 1, 2006
Eligible classes: Each active, full-time employee.
Waiting period: None, if employed on the Policyholder's Effective Date.
2 years, if employed after the policyholder's effective date.
Individual Effective date: The date immediately following the completion of
the waiting period, if applicable.
So that's what I read and to condense the timing you look at this:
Nate started May 30, 2006 full-time. (4 months BEFORE Oct 1, 2006)
Effective date for policy is Oct 1, 2006
Waiting period, NONE if employed on the Policyholder's Effective date.
Now you know what my question is don't you? I do suspect that I will be told that there is language somewhere that will justify a "no payment" of somekind. What's your thoughts? Do you think I'm "reaching" here?
TSully980
Ok here's the situation. My son worked for the company that I work for. I have been there 26 years. He was following in my footsteps. He started full time on May 30 2006. Tragically he died on May 24 2008. He was only 20 years old (lightning strike). That should clear up any guessing. Anyway, when I inquired at work about his life insurance I was told that he was 6 days away from having life insurance. Needless to say I was even more upset. Not a good time to find out that information. So the funeral was on me. Cost was $12000. A cost that I hadn't budgeted for. My fault. So I paid it and it's in the past. This week I received the so called updated employee hand back regarding our life insurance and disability insurance. So I opened the life insurance handbook to page -1-. This is what I read:
Effective date: October 1, 2006
Eligible classes: Each active, full-time employee.
Waiting period: None, if employed on the Policyholder's Effective Date.
2 years, if employed after the policyholder's effective date.
Individual Effective date: The date immediately following the completion of
the waiting period, if applicable.
So that's what I read and to condense the timing you look at this:
Nate started May 30, 2006 full-time. (4 months BEFORE Oct 1, 2006)
Effective date for policy is Oct 1, 2006
Waiting period, NONE if employed on the Policyholder's Effective date.
Now you know what my question is don't you? I do suspect that I will be told that there is language somewhere that will justify a "no payment" of somekind. What's your thoughts? Do you think I'm "reaching" here?
TSully980
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