Portability

Portability means you have the option to continue your supplemental life/AD&D and dependent life insurance if you leave the Company before age 70.

The maximum amount of insurance you may continue is as follows:

For employee supplemental life insurance, you may continue the amount of insurance you have on the date you elect portability or $500,000, whichever is less.
For employee AD&D insurance, you may continue the amount of supplemental life insurance that you choose to continue or $250,000, whichever is less. You must elect portability of your supplemental life insurance if you wish to continue supplemental AD&D insurance.
For dependent life insurance, you may continue the amount of dependent life insurance you had on the date you elect portability as long as you elect supplemental life insurance.

This portability provision is available if you elect portability within 31 days of the date your coverage under the plan ends for any of the following reasons:

You retire or terminate employment with the Company
The Company terminates the group plan and does not replace it with another group plan
You are no longer eligible for this plan
All other continuation provisions under the plan ends

You do not need to provide proof of good health to continue your or your spouse/domestic partner's current amount of life insurance. If you want to increase coverage at a later date, you will be required to provide satisfactory proof of good health.

You will pay premiums directly to the insurance company. Any reductions in coverage due to age will apply to all coverage continued under the portability option. Coverage for you and your spouse/domestic partner will end at age 70.