Life and AD&D insurance generally end at midnight on your termination date, although benefits can continue to be payable for 60 days following your termination date. You also have the option to continue or convert coverage to an individual policy, as shown in the chart below.
To learn more about HPE Life and AD&D coverage, including options your spouse may have to transfer your coverage if your spouse continues to work at HPE, see the summary plan description.
| Option | Description and application procedures |
|---|---|
|
Continue portable term life insurance coverage |
You have the option to continue portable term life insurance with respect to your Employee, Spouse, or Child Life insurance within 60 days following your termination of employment. Continuation coverage is provided on a term basis until you reach age 99, based on rates established by the insurance carrier, New York Life. Rates and coverage provisions may vary significantly from your HPE coverage and are determined by New York Life. |
|
Convert life and AD&D insurance coverage to an individual policy |
You also have the option to convert life and AD&D insurance (including Spouse and Child coverage) to an individual policy with New York Life within 60 days following your termination of employment. Rates and coverage provisions may vary significantly from your HPE coverage and are determined by New York Life. |