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Continuing Insurance After Coverage Ends

Policies
       
Matrix
       
Important Information
       
Forms



When an employee leaves Leidos or transfers to an ineligible class, he or she may be able to continue his or her life and AD&D coverage through individual policies.

Basic Term Life Insurance

An employee may convert his or her Basic Term Life Insurance coverage, as well as the policies covering his or her dependents, to an individual life insurance policy issued by The Prudential Insurance Company of America (2018 plan year). The employee must make this election within 31 days of losing coverage under the Leidos group plan. No medical examination or other evidence of insurability (EOI) will be required for conversion. However, EOI is required for portability. The employee pays the cost of coverage directly to the insurer.

Portability is not available for Basic Life coverage that ends due to retirement or disability or for Basic Dependent Life coverage.

Group Universal Life (GUL) Insurance (2018)

An employee may continue his or her Group Universal Life (GUL) Insurance coverage by makign an election within 31 days of leaving employment with Leidos. No medical examination or evidence of insurability will be required for continuation of GUL.

Dependent Life Insurance

An employee may continue or convert his or her spouse's or registered domestic partner's Dependent Life Insurance as well as any dependents' coverage, to individual policies. A special application is available for the employee to complete for all dependents whose coverage is to be continued.

Spouses or Registered domestic partners may continue Spouse Life coverage up to the amount he or she was eligible for prior to losing coverage.

In addition, a dependent age 26 years or older who loses eligibility for Child Life may continue all or a portion of his or her coverage. He or she must submit an application within 31 days of losing coverage under the Leidos group plan.

An employee must elect to port life insurance coverage in order to port coverage for his or her spouse or registered domestic partner and/or dependent child(ren), except in the event of divorce of the death of the Leidos employee. In the event of divorce, the Spouse Life coverage can be ported. In the event of the employee's death, both the Spouse Life coverage and Child Life coverage can be ported.

Separate certificates of insurance will be issued for an employee's spouse or registered domestic partner and/or dependents. The employee and/ or dependent pay the full cost of any continued coverage directly to The Prudential Insurance Company of America (2018 plan year).

Basic AD&D Insurance and VAD&D Insurance

If an employee is age 69 or younger, his or her Basic AD&D Insurance and VAD&D Insurance, as well as the policies covering the employee's dependents, can be converted to an individual policy through Life Insurance Company of North America. The employee pays the full cost of coverage directly to Life Insurance Company of North America.

Please refer to the life insurance continuation (portability) conversion matrix to determine which plans can be converted or continued and under what circumstances



Life Insurance Continuation (Portability)/Conversion Matrix

The information in the 2018 Maxtrix will help you determine which life insurance plans you can continue (port) and which ones are eligible for conversion only.



Important Information

  1. The cost to convert/continue the life insurance products is based on the insurance company's standard group rates and will differ from the rate employees currently pay
  2. An insured will remit premiums directly to the insurer
  3. An insured cannot port and convert the same group policy
  4. Ported insurance is a group term policy
  5. Converted insurance is an individual whole life policy and is used to continue coverage for individuals who lose a portion or all coverage under the active group policy
  6. Age Restrictions
    1. Ported life insurance terminates at age of 80
    2. Converted AD&D insurance terminates at age 70
  7. Conversion and/or portability application must be submitted in writing within 31 days of the date coverage ends
    1. Employee portion of application should be completed and submitted to the address indicated on the form by the individual seeking coverage
    2. The insurance company or one of its service providers will contact Leidos for the employer data
    3. The insurance company will issue new policy(ies), which becomes effective 31 days after active coverage ends
    4. Evidence of Insurability (EOI) is not required if life insurance is converted/continued within the specified time period
    5. In 2018, Evidence of Insurability (EOI) is required to port Employee Basic Life


Conversion/Continuation Forms