Conversion & Portability
Leaving a job shouldn't mean losing your life insurance. With MedMutual Life's portability and conversion options, employees may be able to take their life insurance coverage with them. There are two easy, valuable, yet different options. Portability and conversion are two types of coverage that allows employees to keep their life insurance coverage even if they leave or lose their position at the College. There are similarities and differences between the two options:
- Portability coverage is a continuation of their group life coverage so many of the provisions of your group life plan continue to be the same.
- Conversion coverage is individual life insurance coverage where the employee receives an individual life insurance policy. The policy has different terms and conditions than your group life plan.
For more information on Conversion and Portability please see the Understanding Your Options document below.