Get the free Portability of Life Coverage Request form

Portability of Voluntary Term Life Insurance (Employee) Underwritten by Life Insurance Company of North America, a CHINA company Please print (preferably in black ink). EMPLOYER USE SECTION: TO BE

How to fill out portability of life coverage

How to fill out portability of life coverage:

1. Obtain the necessary forms from your current life insurance provider or employer. These forms will typically include a portability application and any documentation required for the transfer.
2. Fill out the portability application completely and accurately. Provide personal information such as your name, address, social security number, and date of birth. Also, include details about your current life insurance policy, such as the policy number and coverage amount.
3. Review the terms and conditions of portability carefully. Understand any limitations or restrictions that may apply, such as the maximum age at which portability is allowed or any exclusions for pre-existing medical conditions.
4. Consider any additional coverage options offered during portability. Some providers may allow you to increase your coverage amount when transferring, or add riders such as accidental death or disability coverage.
5. Submit the completed application and required documentation to your life insurance provider or employer. Ensure that all signatures and dates are provided where necessary.
6. Keep a copy of the completed application for your records. This will serve as proof of your application and the details you provided during the process.

Who needs portability of life coverage:

1. Individuals who are changing jobs or leaving their current employer may need portability of life coverage. This allows them to continue their life insurance policy without interruption, especially if the new employer doesn't offer comparable coverage.
2. People who want to maintain their current life insurance policy's terms and conditions, such as premium rates or coverage amount, may opt for portability. This can be beneficial if they have a favorable policy that would otherwise be lost or replaced with a new policy.
3. Those with pre-existing medical conditions may consider portability to ensure that their coverage continues without any exclusions or limitations. Portability often allows policyholders to maintain the same coverage, including any medical underwriting already completed.
4. Individuals who want to have the flexibility to change their life insurance policy or provider in the future may find portability useful. It allows policyholders to transfer their coverage to a different provider or policy type if needed, without having to go through the underwriting process again.

For pdfFiller’s FAQs

What is portability of life coverage?

Portability of life coverage allows an individual to transfer their life insurance policy from one provider to another without losing coverage or having to reapply for a new policy.

Who is required to file portability of life coverage?

The policyholder or the insured individual is usually required to file for portability of life coverage.

How to fill out portability of life coverage?

To fill out portability of life coverage, the insured individual typically needs to request a portability form from their current insurance provider, fill out the necessary information, and submit it to their new insurance provider.

What is the purpose of portability of life coverage?

The purpose of portability of life coverage is to allow individuals to maintain their life insurance coverage when switching insurance providers.

What information must be reported on portability of life coverage?

The portability of life coverage form typically requires information such as the policyholder's personal details, policy number, and the details of the new insurance provider.

How can I modify portability of life coverage without leaving Google Drive?

People who need to keep track of documents and fill out forms quickly can connect PDF Filler to their Google Docs account. This means that they can make, edit, and sign documents right from their Google Drive. Make your portability of life coverage into a fillable form that you can manage and sign from any internet-connected device with this add-on.

How can I edit portability of life coverage on a smartphone?

The pdfFiller mobile applications for iOS and Android are the easiest way to edit documents on the go. You may get them from the Apple Store and Google Play. More info about the applications here. Install and log in to edit portability of life coverage.

How do I fill out portability of life coverage using my mobile device?

Use the pdfFiller mobile app to fill out and sign portability of life coverage. Visit our website (https://edit-pdf-ios-android.pdffiller.com/) to learn more about our mobile applications, their features, and how to get started.