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Continuing your Group Life Insurance coverage You have options

The Prudential Insurance Company of America (Prudential) offers options that can help provide the Life Insurance protection you and your loved ones may need. Your plan may offer additional options beyond those listed below, so please check with your employer for more information.

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Convert Your Existing Coverage

  • No health questions or exams
  • Level premiums with no rate increase as you age
  • Available as an option on all Group Life Insurance plans
  • Can take as much as you had under your Group Life Insurance plan

By converting to an individual policy, you'll continue to receive coverage without the need for a physical examination. With most plans, you have to apply for conversion within 31 days after the group coverage terminates.

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3 Steps to Conversion

 

Step 1

Obtain the Form from Your Employer

Your employer should provide to you the "Notice of Group Life Conversion Privilege Form," upon separation. If you don’t have this form, contact your former employer or benefits administrator.

Step 2

Fill Out Application for Conversion

Step 3

Sign and Return Both to Prudential

Complete and sign the "Notice of Group Life Conversion Privilege Form" and your application and mail these to:

The Prudential Insurance Company of America
Prudential/Group Life Conversions
P.O. Box 70180
Philadelphia, PA 19176

You will be notified of the status of your application or if any additional information is required.

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Portability2

  • No health exams; option to answer a few medical questions to obtain preferred rates3
  • More affordable group rates that increase as you age
  • May be available under your Group Life Insurance plan
  • Can take as much as you had under your Group Life Insurance plan

The portability option provides term life coverage separate from the employer’s group contract. Terms and conditions may vary based on employer plan design. Please check with your employer for specific plan details.

Overview and Availability

  • Generally available on optional/voluntary employee and dependent term life coverage
  • Coverage remains in force up to age 80, provided premiums are paid
  • Generally a good solution for customers looking to maintain life insurance coverage between jobs, or if they’re unsure if they’ll be able to secure a medically underwritten individual life policy

Requirements

  • Must apply within 31 days of date of termination of group life coverage
  • No evidence of insurability is required,4 though you’ll have the option of answering a few medical questions in order to obtain preferred rates (no health exams)

Rates

  • Rates are based on the attained age, and increase as the insured ages (also known as an “attained age” rating structure)
  • Rates are generally lower than converting to an individual whole life policy

If you have questions or would like to learn more about your portability option, call 1-800-778-3827.

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Apply for New Coverage

  • Lower rates
  • Many coverage options available
  • Coverage amount can increase
  • An option you can exercise at any time

This option gives you the opportunity to apply for different product types, additional coverage amounts, and possibly lower premiums. You can explore this option in two ways:

Phone

Call 1-877-504-9112, Monday through Thursday, 9am to 7pm ET, and Friday, 9am to 6pm ET, and a licensed Prudential employee will help you apply for a new Life Insurance policy over the phone.

Online

Click here to find a life insurance policy that fits your needs.

In most cases, you will need to take a medical exam, which can be scheduled at your convenience and done in your home. A medical exam is not required to apply online for MyTerm. Generally, products that do not require a medical exam may have higher premiums than those that do require an exam.

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Talk to a Financial Professional5

Call us at 1-877-889-2070 to schedule a complimentary consultation with a local licensed and registered financial professional who can help you understand insurance continuation options. We understand that you may be unfamiliar with the process, especially during a period of transition. Our financial professionals are available to:

  • Provide advice tailored to your specific needs and circumstances
  • Guide you through the conversion and/or portability process
  • Provide insights on other life insurance options that may be available to you
  • Assist with paperwork
  • Help manage your cash flow
  • Protect your retirement savings and provide overall financial wellness advice

Your financial future is important to us. Call today and receive the guidance you deserve.

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Forms and Additional Information

Non-Florida and Non-Massachusetts Conversion Information and Rate Tables PDF Opens in a New Window
For residents of all states except Florida and Massachusetts.

Florida and Massachusetts Conversion Information and Rate Tables PDF Opens in a New Window
For residents of Florida and Massachusetts.

Request for E.F.T. Form PDF Opens in a New Window
Use this form to establish a Prudential monthly Electronic Funds Transfer (E.F.T.) payment program or to make a change to an existing E.F.T. payment program.

Notice of Group Life Conversion Privilege (Completed by Employer) PDF Opens in a New Window
Your employer will provide this document to inform you of your right to convert your group insurance to individual insurance.

If you apply for an individual policy during the conversion period and do not apply to convert your group coverage during this time, should you be denied coverage for the individual policy and the conversion period has ended, you will no longer have the right to apply for a conversion policy.

If you apply for an individual policy after expiration of your right to convert your group coverage and you are denied the individual policy, a conversion policy will not be issued.

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Footnotes

  1. If you had AD&D coverage under your group life insurance certificate, you may purchase an Accidental Death Benefits Rider to your conversion policy. The amount of AD&D coverage under an Accidental Death Benefits Rider can range from $25,000 to $500,000 of coverage. However, the amount of coverage under an Accidental Death Benefit Rider cannot exceed the total amount of life insurance coverage under the conversion policy. The amount of coverage under the Accidental Death Benefits Rider does not have to match the amount of life insurance coverage under the conversion policy.
  2. Some limitations may apply. Check your Group Life Insurance certificate of coverage for details.
  3. You may be required to answer health questions when porting Basic Life Coverage.
  4. You may be required to provide medical evidence if your plan allows you to port your basic (employer-paid) Group Life Insurance coverage. Your benefits administrator and/or Prudential will inform you if this is required.
  5. Residents of the European Union (EU) will not be eligible to receive guidance from Prudential Advisors financial professionals. Prudential Advisors financial professionals are not licensed to do business outside of the United States of America.

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The Prudential Insurance Company of America - California NAIC 68241, COA 1179

Pruco Life Insurance Company - California NAIC 79227, COA 3637

Accelerated Death Benefit option is a feature that is made available to group life insurance participants. It is not a health, nursing home, or long-term care insurance benefit and is not designed to eliminate the need for those types of insurance coverage. The death benefit is reduced by the amount of the accelerated death benefit paid. There is no administrative fee to accelerate benefits. Receipt of accelerated death benefits may affect eligibility for public assistance and may be taxable. The federal income tax treatment of payments made under this rider depends upon whether the insured is the recipient of the benefits and is considered [“terminally ill”][“chronically ill”]. You may wish to seek professional tax advice before exercising this option.

Insurance is issued by The Prudential Insurance Company of America, Pruco Life Insurance Company (except in NY and/or NJ), and Pruco Life Insurance Company of New Jersey (in NY and/or NJ), Newark, NJ. Each is solely responsible for its own financial condition and contractual conditions. Our policies contain exclusions, limitations, reductions of benefits, and terms for keeping them in force. A financial professional can provide you with costs and complete details. Contract Series: 83500

The advertising contained on this web page is not intended to solicit insurance from residents of Mississippi or West Virginia.

For compliance use only: 1000390-00002-00

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