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Option to Port Term Life and ADD Insurance Coverage for Employees of The Tulsa FOP 93 Health and Welfare Trust & Their Dependents Underwritten by Minnesota Life Insurance CompanyWhat is portable coverage?

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What is option to port term?

Option to port term refers to the process of transferring a life insurance policy from one company to another while keeping the same coverage and benefits.

Who is required to file option to port term?

The policyholder who wishes to transfer their life insurance policy to another company is required to file the option to port term.

How to fill out option to port term?

To fill out the option to port term, the policyholder must contact both the current insurance company and the new insurance company to initiate the transfer process.

What is the purpose of option to port term?

The purpose of option to port term is to provide policyholders with the flexibility to transfer their life insurance policy to another company without losing coverage or benefits.

What information must be reported on option to port term?

The option to port term must include the policyholder's personal information, policy details, the new insurance company's information, and any additional documentation required by the companies.

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