Addressed to folks who had opted for Optional Life Insurance through WF/Metlife. Were you able to port that over after job separation? Were the rates similar to what you were paying while still being employed at Wells?
3 replies (most recent on top)
Sh*t.
I had a detailed conversation with the insurance carrier about porting my life insurance coverage when I leave and what all the options would be - term, permanent, etc. The premiums were through the roof expensive compared to what we pay as employees - over 10X more expensive for about 1/3 of the coverage. Definitely smart to not have a policy tied to your employer.
This is a decent reminder or advice to possibly get a third party policy not tied to employment. Honestly, this is a wake up call for me.