Retiree group term life insurance coverage

[CSB]

What is the name of your state? NC case.

Can an employer discontinune providing group term life for retirees after the plan has been in effect for years?

 

[moburkes]

If it is allowed, then you should be given the option to continue to coverage by paying the full premium yourself.

 

[Betty]

Yes, they can - no law requires a co. to continue life ins. for retirees unless there is a contract that indicates they are to do so. Are they allowing you to "convert" the group coverage to a permanent individually owned policy that you pay the premiums on? Usually, you are only given a certain amt. of time after term. of the gr. ins. to apply for this individual policy.