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- Is the coverage under the conversion policy the same as the FEDERAL FIRST Voluntary Term Life Insurance Program, underwritten by Aetna Life Insurance Company (Aetna)?
- Who is eligible to convert their FEDERAL FIRST Voluntary Term Life Insurance coverage?
- Are my dependents eligible to convert their coverage?
- Can I convert my term life insurance coverage if I leave my job with the Federal Government to pursue employment in the private sector?
- When should I apply for a life conversion policy?
- When do my conversion rights expire?
- How do I request the conversion option?
- What happens if a person dies during the 60-day life conversion application period?
Is the coverage under the conversion policy the same as the FEDERAL FIRST Voluntary Term Life Insurance Program, underwritten by Aetna Life Insurance Company (Aetna)?
No. You may convert your current coverage to a Whole Life Insurance policy. You may elect coverage up to the amount of Voluntary Term Life Insurance coverage you had at the time of the loss of coverage.
Who is eligible to convert their FEDERAL FIRST Voluntary Term Life Insurance coverage?
If you have coverage under the FEDERAL FIRST Voluntary Term Life Insurance Program, you may convert your coverage to a policy of individual insurance when your coverage ceases due to termination of employment, retirement, or you are no longer part of a class of employees eligible for the FEDERAL FIRST Term Life Insurance Program.
Your dependents may also convert their coverage to an individual policy. You - as a covered employee - must have terminated employment or no longer included in a class of employees eligible for the FEDERAL FIRST Term Life Insurance Program.
Are my dependents eligible to convert their coverage?
If you convert your coverage, your dependents may also convert their coverage to an individual policy. You - as a covered employee - must have terminated employment or are no longer included in a class of employees eligible for the FEDERAL FIRST Term Life Insurance Program.
Can I convert my term life insurance coverage if I leave my job with the Federal Government to pursue employment in the private sector?
Yes, but only if you meet all the requirements for conversion.
When should I apply for a life conversion policy?
During the 60 day period immediately following the loss of your coverage, you may convert your current term coverage to Whole Life Insurance.
When do my conversion rights expire?
Your Conversion of Group Term Life Insurance application must be received within 60 days from the date your coverage stops in order for you to be eligible
How do I request the conversion option?
There are two ways to get information and forms for conversion.
- FEDERAL FIRST Service Center will send you conversion instructions and the form necessary to apply for conversion
- You can download the instructions and Conversion of Group Term Life Insurance application from Forms Download.
You must apply within 60 days of termination of your FEDERAL FIRST Voluntary Term Life Insurance coverage.
- Return the completed Conversion of Group Term Life Insurance application with the first quarterly installment and application fee to Aetna at the following address:
Aetna Life Insurance Company
Life Conversion Unit
151 Farmington Ave.
Hartford, CT 06156
- If you have any questions or need help completing the application, please call Aetna’s Life Conversion Service Center at 1-800-532-5065.
- Aetna will process your request for coverage when they receive your application.
What happens if a person dies during the 60-day life conversion application period?
If a person dies during the application period and before the individual policy goes into effect, the amount payable under the FEDERAL FIRST Voluntary Term Life Insurance will be limited to the maximum that could have been converted.
This voluntary term life insurance program contains Limitations and Exclusions.
Policy forms issued in OK include: GR-9/GR-9N.
Privacy Statement ©2008 FEDERAL FIRST
Form 26.36.321.1 (06-08)