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Group Policy Management Console
Group Policy Management Console
Not usually: the group number is assigned to your employee pool, and your policy number is specifically for an individual (you).
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Probably not. Check with the Company. Are you domestic partners? Is it a group or individual policy?
Are you referring to a group policy offered through work or an individually owned life insurance policy? For individual life insurance policies, the owner of the policy has complete control and can name anyone they like as the beneficiary, and the owner does not need spousal permission to do this.
Yes. A group policy is not much different from an individual policy when it comes to cancellations. If the group misses payments or no longer meets the underwriting guidelines the policy can be cancelled or non renewed per local regulations and contract terms.
If the husband leaves the company, the wife's insurance on the husband's group policy will typically terminate. However, she may be eligible for COBRA coverage, which allows her to continue the same insurance coverage for a limited period of time by paying the premium herself. If the husband dies, the wife may also be eligible for COBRA coverage, but it would depend on the specific terms and conditions of the group policy.
A life insurance policy is "portable" when upon leaving the group policy, you transfer your life coverage to an individual life policy with the same insurance carrier with no changes to the policy or increase in premium.
Life insurance proceeds are received income and state tax free, regardless of whether they are from an individual or group life policy.
What kind of Disability are you talking about? SSI, SDI, Individual Policy, Group Policy? What is the insuring clause? How long will you be unable to work?