Conversion of Life Insurance. (District-paid and Employee-paid) Enrollment: An employee whose life insurance enrollment terminates because of (a) failure to make direct payments when required, (b) termination of employment, or (c) loss of eligibility, shall be given the opportunity to convert, at the employee's expense, to a permanent form of insurance (other than term insurance) pursuant to the provisions of the plan.
Conversion of Life Insurance. (a) If all of an Employee's Life Insurance Terminates After he/she Ceases Active Work but Before Age 65 If an employee ceases active work and is eligible for continued insurance beyond the end of the month in which he/she ceased active work, as provided under Section 12, his/her Group Life Insurance, including Survivor Income Benefits coverage, will stay in force • 31 days following the end of the period for which the Company pays the full cost, or • if he/she is eligible to continue his/her insurance for an additional period beyond such month, 31 days following the end of the month for which premium contributions are paid and accepted, except that Survivor Income Benefits remain in force only as provided in Section 12 (g), after he/she retires under the Retirement Pension Plan. If an employee ceases active work and is not eligible for continued insurance beyond the end of the month in which he/she ceases active work, as provided under Section 12, his/her Life Insurance, including Survivor Income Benefits coverage, will stay in force 31 days following his/her last day worked. During the applicable 31 day period, an employee may convert, without medical examination, to any individual policy of Life Insurance then customarily issued by the Insurer, except term insurance (other than term insurance which is limited to a one year convertible term plan). This is done by making application and paying the required premium to the Insurer. The premium for the individual policy will be that required by the class of risk to which the employee belongs, the form and amount of the individual policy, and his/her age. The maximum amount of the individual policy will be equal to the amount of his/her Group Life Insurance, including Survivor Income Benefits in force on the day immediately preceding the 31 day period during which he/she can convert to an individual policy. However, the individual policy may be in any lesser amount (minimum $500.00) that he/she selects. In determining the maximum amount of individual Life Insurance to which an employee may convert, the total of all Monthly Survivor Income Benefits that would have become payable to his/her Survivors under Section 9 had he/she died on the day before the 31 day period for converting will be included assuming that persons who would then have qualified as his/her survivors did not become ineligible for such Benefits because of marriage or death.
