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To convert a group policy to an individual policy, you typically need to contact your insurance provider or employer's benefits administrator to initiate the process. They will provide you with the necessary forms and information about coverage options and premiums. Generally, you may need to provide personal information and possibly undergo a health assessment. Once approved, you will receive your individual policy documentation.
What else can I help you with?
What is portable life ins?
Portable life insurance is a term generally used in reference to a policy that is purchased at work but that you can take with you if you leave the employer. Usually it is an individual policy that is sold on a payroll deduction basis. In this case all you have to do is to change the payment method. Most group life insurance is convertible to an individual policy without having to prove insurability. However, if you are in good health, you can attain a better rate by shopping around for an individual life insurance policy. I recommend this route first then if not approved or if rated you can convert the group policy but be aware of how long you have to convert. As a matter of full disclosure, I own and operate a small Independent Insurance Agency for the past 22 years and worked as an agent for direct writers for 3 years prior to that.
Is it legal to turn your IRA into a LLC to avoid paying taxes?
You cannot convert an Individual Retirement Account into a Limited Liability Company.You cannot convert an Individual Retirement Account into a Limited Liability Company.You cannot convert an Individual Retirement Account into a Limited Liability Company.You cannot convert an Individual Retirement Account into a Limited Liability Company.
Can you take out a life insurance policy on any individual you wish to?
no. there are laws for life insurance policy and is illegal to take it out to any individual
Convert honesty is the best policy into Exclamatory sentence?
The truth will set you free!
Which policy relates to this statement Some states do not have an individual income tax?
Fiscal Policy
Can an health insurance company drop an individual health policy and or group health policy?
NO
Can I take individual policy for my kids?
Usually children are not covered individually in a policy but can be covered by parents in their own health policy.
Are you in favor of eutrhanesia in hospital policy?
No. That decision should be made by the individual and their family, not the hospital policy.
Person is 26 years old and on her parent's medical insurance but has also taken out her own individual medical policy Which is primary insurance?
The individual policy is always primary.
How does a family term life insurance policy differ from an individual policy?
A family life insurance policy differs from an individual insurance policy by the amount of persons included in the policy. The family option includes a (marriage) partner and probably one or more children. There might also be the option to include pets into the policy depending on the insurance company.
Can the policy owner and assignee be the same?
Yes, the policy owner and the assignee can be the same individual. The policy owner is the person who has control over the insurance policy and is responsible for making decisions regarding it, while the assignee is the individual or entity designated to receive the policy benefits. In many cases, the policy owner assigns benefits to themselves or another party, depending on their intentions.
Some states do not have an individual income tax.?
fiscal policy
