What if I’m losing my group benefits?
If your group benefits plan is terminated, perhaps because of a change in employment status, don’t worry; you have options!
You have the right to exercise your conversion option contained in the policy, often without having to undergo a further medical examination. However, the premiums are often much higher than standard premiums, and the insurance company does not give you a choice of plan. (This is because those who take advantage of this opportunity cannot buy standard insurance.)
If you believe that your health is good enough to be underwritten then complete and submit the form at the bottom of this page. We’ll get back to you promptly with a quote.
As a general rule, the conversion must be performed within 30 days of termination.
This is a general statement of information. Always refer to your policy booklet for conversion options and other details. (If your group benefits plan was brokered by HP Insurance and Financial Services, you can see your booklet online here.)
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