Anyone know the details on life insurance portability if you leave the company?
(And no, I’m not going to ask my supervisor)
12 replies (most recent on top)
Call Fidelity
99% of direct report managers don’t know shet when it comes to HR matters. It’s best to look it up on HRonestop under benefits, ask on retirement Facebook page from fellow employees or call HR benefits for your specific situation. Employees are under different contracts if bargained and policies are constantly being changed or updated for management.
I had the same question and I asked my supervisor. He cleared it up for me.
“ Benefits Center. You can continue with MetLife, I believe, but the premiums will go up.“
Why would this be downvoted? It’s 100% accurate.
If we are talking about the supplemental life insurance that you purchase via payroll deduction, I can tell you that (for management anyway) and as a “retiree” yes, you can “keep” it. But the cost to you will go up significantly to where it’s cost prohibitive. I looked at this a year ago, and I ended up purchasing a term life policy externally, and stopping the supplemental through payroll. I got that at about the same cost as what I was paying as an active employee but figured I might as well get it front of it. I am in good health and that will of course be a factor in what you can expect for premiums.
Group policies are tough they're negotiated based on the ages of the people in the company, the the number of people covered, and a few other factors. They use that to make it even price to AT&t across the entire company. .
Ask your stupidvisor.
Benefits Center. You can continue with MetLife, I believe, but the premiums will go up.
It is only $15,000 unless you purchased more. If not, I would not worry about it.
Ask your supervisor
You can keep the life insurance when you leave the company. Just reach out to them , but they will also likely call you and send you the information in the mail.
You can probably look up the carrier in benefits documentation and contact them directly.
I haven't looked lately, but I seem to remember that T was not self insured for employee life. It might have been Met Life last time I looked.