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Converting Benefits

It is very important that you inform the terminating (or retiring) employee of the right to convert benefits.

When someone's employment terminates due to retirement, severance, etc., he or she should be advised that all or part of his/her life insurance may be converted to an individual policy without medical evidence, provided an application is made within 31 days of his/her formal termination date. The employee needs to contact the nearest The Co-operators office. Your local The Co-operators office will have all the information necessary to complete the process.

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If you have any further questions, please contact us; we'll be glad to help you.


Last updated on:  Aug 12, 2003  Page: 

This information is not intended for use without professional advice. While we have attempted to make this site as accurate as possible, it is only a summary. For more information, see our disclaimer.

Copyright © 2002 Morneau Shepell.
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