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Return To Work For New Employer-Impact on Benefits

Effect Of Return To Work For A New Employer On Your Life Insurance

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The existence of any group life insurance you continued from a previous employer may be affected in either of two ways.

If as a courtesy, your previous employer continued your life insurance while you were on disability

By returning to work you will no longer be part of your previous group and you may be required to convert your coverage life insurance from group coverage to more expensive individual coverage.

If your previous group coverage had a disability waiver of premium provision which has been in effect

Thanks to the disability waiver of premium provision, you have not been required to pay premiums to keep your coverage in force as long as you were disabled. By going back to work, you will have to start paying premiums again to keep the coverage in effect the waiver will end.

If you want to keep the life insurance, you will likely have to convert from the group insurance to individual insurance and start paying the premiums.

If you don't want to pay the cost of the entire premium, consider reducing the death benefit and thus the premium.

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Group Life - Conversion

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