If you lose coverage due to a change in employment status, resignation or termination, you may be eligible to continue the Life insurance coverages through Standard Insurance Company on an individual paying basis. If retiring from APS, additional options are available to continue Life insurance, please visit your benefits office for a Retirement Packet.
Conversion
If your Life insurance ends or is reduced (for any reason other than failure to make a required premium contribution or payment of an Accelerated Benefit), you may convert qualifying amounts of your coverage to an individual life insurance policy without providing Evidence of Insurability.
You must apply for Conversion in writing and pay the first premium within 60 days after termination of, or reduction in, your coverage. Premium rates for converted coverage differ from rates for coverage under the Group Policy.
Dependents may also convert qualifying amounts if their Life insurance ends. AD&D insurance may not be covered. To apply, please complete the Group Conversion Packet. If you have questions or want rate information, please contact The Standard at 800.378.4668 with your policy number "645746".
Portability
If your insurance ends because you cease to be a Member due to termination of your employment and you meet the following conditions: You are not disabled, you are under age 70 and you must have been continuously insured under the Group Policy for at least 12 consecutive months; you may continue ("port") qualifying amounts of your group Life, AD&D and Dependents Life coverages.
You must complete the Group Life Portability Insurance Application and pay the first premium within 60 days after you cease to be a Member. Premium rates for ported group coverage differ from rates for coverage under the Group Policy. See the Group Life Insurance Certificate for specific details about the conversion and portability provisions. If you have questions or want rate information, please contact The Standard at 800.378.4668 with your policy number "645746".
