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- What is the Portability feature of the FEDERAL FIRST Voluntary Term Life Insurance Program, underwritten by Aetna Life Insurance Company (Aetna)?
- Who is eligible to “port” their FEDERAL FIRST Voluntary Term Life Insurance coverage?
- Are my dependents eligible to port their coverage?
- When should I apply for portability?
- When do my portability rights expire?
- How do I request Portability?
- Will my rates for the Portable Term Policy be the same as those under the FEDERAL FIRST Voluntary Term Life Insurance Program?
What is the Portability feature of the FEDERAL FIRST Voluntary Term Life Insurance Program, underwritten by Aetna Life Insurance Company (Aetna)?
The FEDERAL FIRST Voluntary Term Life Insurance policy includes a portability feature. This means you can keep your life insurance coverage by paying premiums directly to Aetna if you terminate your employment, are no longer eligible or retire. If you are disabled or are over the age of 98, your coverage is not portable. Aetna will bill you directly.
Who is eligible to port their FEDERAL FIRST Voluntary Term Life Insurance coverage?
If you are an employee with coverage under the FEDERAL FIRST Voluntary Term Life Insurance Program and are age 98 or less, you may port your coverage when your coverage ceases due to termination of your employment or you are no longer part of a class of employees eligible for the FEDERAL FIRST Term Life Insurance Program. To port your coverage, you must not be disabled or away from work on the date the coverage under the FEDERAL FIRST Voluntary Term Life Insurance ceases.
Please consult the Certificate of Insurance for more information about portability.
Are my dependents eligible to port their coverage?
Dependents are eligible for portability if they are insured under the FEDERAL FIRST Voluntary Term Life Insurance Program and continue to meet the definition of a dependent on the date you terminate employment and are no longer in an eligible class of employees. Spouses must be under age 64 and dependent children must be under age 25. In addition, you, the employee must port your coverage in order to port your dependent’s coverage.
Please consult the Certificate of Insurance for the definition of eligible dependents and other information about portability.
When should I apply for portability?
During the 60 day period immediately following termination of your coverage, you must send your completed Portability Option for Group Term Life Insurance form with the first premium contribution to Aetna Life Insurance Company (Aetna).
When do my portability rights expire?
Your Request for Portability Option for Group Term Life Insurance form must be received within 60 days from the date your coverage stops in order for you to be eligible
There are two ways to get information and forms for portability.
- FEDERAL FIRST Service Center will send you a Portability Kit containing instructions and the forms necessary to apply for Portability.
- You can download the instructions and Portability Option for Group Term Life Insurance form from Forms Download.
You must apply within 60 days of the loss of your FEDERAL FIRST Voluntary Term Life Insurance coverage.
- Return your completed Request for Portability Option for Group Term Life Insurance form with the first premium contribution to Aetna at the following address:
Aetna Life Insurance Company
Group Insurance
151 Farmington Ave.
Hartford, CT 06156-7350
- If you have any questions or need help completing the application, please call Aetna, toll-free, at 1-800-826-7448.
- Aetna will process your request for coverage when they receive your application.
Will my rates for the Portable Term Policy be the same as those under the FEDERAL FIRST Voluntary Term Life Insurance Program?
No. Rates for the premiums for the Portable Term Insurance coverage will be different than the rates you paid as an active employee.
This voluntary term life insurance program contains Limitations and Exclusions.
Policy forms issued in OK include: GR-9/GR-9N.
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Form 26.36.322.1 (06-08)