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Standard Insurance Company 800.378.4668 ext. 6785 800.331.3397 Fax 920 SW Sixth Avenue Portland OR 972041203 Chicago Public Schools Group Life Portability Insurance Application INSTRUCTIONS PLEASE
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How to fill out group life portability application
How to fill out a group life portability application:
01
Obtain the application form: Start by obtaining the group life portability application form. You can usually obtain this form from your employer or the insurance provider.
02
Provide personal information: Fill in the required personal information sections of the application form. This may include your full name, address, contact information, social security number, and date of birth.
03
Specify the group life insurance policy: Indicate the specific group life insurance policy for which you are applying for portability. This information can usually be found in your current group life insurance documentation or by contacting your employer's human resources department.
04
Choose the desired coverage: Determine the coverage amount and type (e.g., term or whole life) that you would like to continue under the portability option. Depending on the insurance provider and policy, there may be limits or restrictions on the coverage options available for portability.
05
Pay any required premiums: In some cases, you may be required to pay premiums for the continued coverage. Provide any necessary payment information or indicate if you would like the premium deducted from your bank account or payroll.
06
Review and sign the application: Carefully review all the information you have provided on the application form. Ensure that it is accurate and complete. Sign the form as required and date it.
07
Submit the application: Once you have filled out the entire application form, submit it to the appropriate party as instructed by your employer or insurance provider.
Who needs group life portability application?
01
Employees changing jobs: Individuals who are leaving their current employer and starting a new job may need a group life portability application. This allows them to continue their life insurance coverage despite the change in employment.
02
Retirees: Retirees who were previously covered under a group life insurance policy through their employer may need a group life portability application if they wish to continue their coverage.
03
Individuals losing group life insurance: Those who are losing their group life insurance coverage due to reasons such as job loss or downsizing may need a group life portability application to maintain their life insurance coverage.
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What is group life portability application?
Group life portability application is a form that allows individuals to continue their group life insurance coverage when they leave a job or change employers.
Who is required to file group life portability application?
Employees who want to continue their group life insurance coverage after leaving their current job are required to file a group life portability application.
How to fill out group life portability application?
The group life portability application can typically be filled out online or through the insurance provider's website. It requires basic personal information, employment history, and details about the current group life insurance policy.
What is the purpose of group life portability application?
The purpose of the group life portability application is to allow individuals to maintain their life insurance coverage when transitioning between jobs or employers.
What information must be reported on group life portability application?
The group life portability application may require information such as personal details (name, address, etc.), employment history, details of the existing group life insurance policy, and payment information.
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