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emplyeeintro10/16/069:05 AMEMPLOYEE GUIDEPage 1Group Life Portability and ConversionPortability and Conversion Side by Side.A Simple Way to Compare Your Options.Your group life insurance from The Hartford1 is valuable financial protection for you and your family. If that protection ends,wouldn’t you want to consider continuing your life insurance coverage?Fortunately, your employer’s plan includes a Conversion option and may have a Portability option, as well. This means youmay have a choice of “converting” your coverage to an individual policy or “porting” it to another group term life policy.WE MAKE YOUR OPTIONS CLEAR.To decide whether Portability or Conversion is the right choice for your personal situation, you need to understandthe differences. We help you see them clearly with our side-by-side comparison.Compare The Hartford’sPortability and Conversionoptions then you’ll knowwhat makes sense for youand your family.TAKE TIME TO COMPARE.Compare The Hartford’s Portability and Conversion options for continuing your life coverage. Then you’ll know whatmakes sense for you and your family. For more information, contact your Benefits Administrator orcall The Hartford toll-free at 1-877-320-0484.1 The Hartford is The Hartford Financial ServicesGroup, Inc. and its subsidiaries, including issuingcompanies Hartford Life Insurance Company,Hartford Life and Accident Insurance Company andHartford Life Group Insurance Company. All benefitsare subject to the terms and conditions of the policy.Policies underwritten by the issuing companiesabove detail exclusions, limitations, reduction ofbenefits and terms under which the policies maybe continued in force or discontinued.2196-PORT2000 Printed in U.S.A. 2006 The Hartford, Hartford, CT 06115We deliver on our promises every day.
2196 port200010/18/0611:24 AMPage 1Group LifePortability and ConversionFrom The Hartford1THIS CHART WILL HELP YOU UNDERSTAND THE DIFFERENCES BETWEENPORTABILITY AND CONVERSION COVERAGE.Question?What type of lifeinsurance policywill you receive?PortabilityTerm Insurance – This type of policyprovides low-cost protection fora specified period of time. Thepremiums charged are lower;however, no cash value is builtup from which you can take loansor receive a cash refund if yousurrender the policy.Premiums are set in five-year agebands so that they will increasewhen you reach the next five-yearage band.Conversion – For residents ofall states except New YorkConversion –For residents of New YorkWhole Life Insurance – This typeof policy may be kept in force for aperson's entire life and pays a benefitupon death. Premiums are fixedthroughout the life of the policy.Universal Life Insurance – This typeof policy combines the low-costprotection of term insurance with asavings feature. Premiums are putinto an account that is invested.Each month the cost of insuranceis deducted from the account. Theaccount builds cash value fromwhich you can take loans andprovides flexibility in premiumpayment. A premium payment canbe skipped if there is adequatemoney in the account to pay thecost. However, if premiums are notpaid on a regular basis, the insurancemay not last throughout your lifetime.The premiums for whole life policiesare higher than premiums for terminsurance since whole life policiesbuild cash value from which you cantake loans. In addition, they includea cash surrender value. This meansif you surrender the policy, youcan receive cash or continue yourcoverage without further premiumpayment. Your amount of continuedcoverage would be based on howmuch your cash surrender valuecould buy.Your policy may include an option toelect a one-year term insurance policyprior to the individual Conversioncoverage. Please see your policyfor specifics.If you surrender the policy, asurrender charge may apply, butyou will be eligible to receive anyamount remaining in the accountafter the charge is deducted (thecash surrender value).Your policy may include an optionto elect a one-year term insurancepolicy prior to the individualConversion coverage.1 The Hartford is The Hartford Financial ServicesGroup, Inc. and its subsidiaries, including issuingcompanies Hartford Life Insurance Company, HartfordLife and Accident Insurance Company and HartfordLife Group Insurance Company. All benefits are subjectto the terms and conditions of the policy. Policiesunderwritten by the issuing companies above detailexclusions, limitations, reduction of benefits and termsunder which the policies may be continued in forceor discontinued.2196-PORT 2000 Printed in U.S.A. 2006 The Hartford, Hartford, CT 06115We deliver on our promises every day.
2196 port200010/18/0611:24 AMPage 2Do you need to answermedical questions orhave a physical exam tocontinue coverage?Now that some orall of your group lifeinsurance coverage isending, what amountcan you continue?Conversion – For residents ofall states except New YorkPortabilityQuestion?Conversion –For residents of New YorkNoNoNoPortability may apply to all ora portion of your life insurancecoverage. You may continue 50%,75% or 100% of the amount ofinsurance that is ending, if thePortability benefit applies to thatcoverage. Please note, however,that the amount you can continue issubject to the following maximums:The amount varies dependingon the reason coverage is ending.Under some circumstances, the fullamount of terminating coverage canbe converted. Under others, theamount may be limited.The amount varies dependingon the reason coverage is ending.Under some circumstances, the fullamount of terminating coverage canbe converted. Under others, theamount may be limited.Please see your policy for specifics.Please see your policy for specifics. Employee - 250,000 Spouse - 50,000 Children - 10,000Please see your Benefit Administratorfor the amount eligible for Portability.2196-PORT 2000 Printed in U.S.A. 2006 The Hartford, Hartford, CT 06115Is there a minimumamount that canbe continued?Employee and Spouse - 5,000Child - 1,000NoNoWill the rates for thenew coverage differfrom the group lifeinsurance rates throughyour employer?Yes. You will be charged grouprates based on your age. Pleasesee your employer for yourPortability rates.Yes. This is a whole life policy thatincludes cash value, while thecoverage from your employer wasgroup term coverage. Rates forConversion coverage are generallyhigher than the group rates chargedthrough your employer.Yes. This is a universal life policythat includes cash value while thecoverage from your employer wasgroup term coverage. Rates forConversion coverage are generallyhigher than the group rates chargedthrough your employer.If your policy includes an option toelect a one-year term insurance policyprior to the permanent conversioncoverage, the rates for the one-yearterm coverage will be lower thanthe rates for the whole life policythat follows.If you request a one-year terminsurance policy prior to the individualConversion coverage, the one-yearterm rates will be lower than therates for universal life coverage.Rates may change based on theexperience of the entire groupof people who elect Portabilitycoverage.We deliver on our promises every day.
2196 port200010/18/0611:24 AMPage 3Question?If your policy includesWaiver or Premium, canyou apply for bothWaiver of Premiumand this option at thesame time?Once you are covered,will your coverageamount remainthe same?How long cancoverage continue?Conversion – For residents ofall states except New YorkConversion –For residents of New YorkNo, Waiver of Premium is notavailable if you elect portability.Yes. If you’re disabled and apply forWaiver of Premium, you should electConversion when your group coverageends. Then if you’re later approvedfor Waiver of Premium, you maysurrender the Conversion policy andyour Conversion premiums will berefunded. If you are not approved forWaiver of Premium, you will still haveyour Conversion coverage.Yes. If you’re disabled and applyfor Waiver of Premium, you shouldconvert when your coverage ends.Then if you’re later approved forWaiver of Premium, you maysurrender the Conversion policyand your conversion premiums willbe refunded. If you’re not approvedfor Waiver of Premium, you will stillhave your conversion coverage.No, your coverage amount will bereduced by 75% when you attainage 65.Yes. No automatic reductions apply.Yes. No automatic reductions apply.Coverage can continue until thefirst of these occurs:Coverage can continue with premiumpayment until Scheduled MaturityDate (age 100), at which time thecash surrender value is paid to theinsured. As an option to receiving thecash surrender value, coverage cancontinue without further premiumpayments beyond age 100.Coverage can continue with premiumpayment until Scheduled MaturityDate (age 100) at which time cashsurrender value is paid to insured.Portability You reach age 75. You enter active full-time duty inthe armed forces of any country.(This does not include active dutytraining for two months or less.) The last day for which you paidpremium.Coverage will also terminate if thegroup policy for the entire groupof people who elect Portabilityterminates.If you want to changeyour coverage amount,is that option available?2196-PORT 2000 Printed in U.S.A. 2006 The Hartford, Hartford, CT 06115Once coverage is in force: You can decrease the coverageamount to 75% or 50% of theoriginal amount. Increases are not available.Coverage does not terminate if youenter active military service, andConversion coverage does notinclude a war exclusion.Coverage does not terminate if youenter active military service, andConversion coverage does notinclude a war exclusion.Once your coverage is in force:Once your coverage is in force: After seven years, you candecrease the face amount. Youare not limited to selecting only75% or 50% of the originalamount. Increases are not available. After the first policy year, you canincrease or decrease the faceamount. You are not limited toselecting only 75% or 50% oforiginal amount. Requests to increase coveragewould be subject to review andapproval of your medical history.We deliver on our promises every day.
2196 port200010/18/0611:24 AMPage 4Question?Are you also eligible tocontinue coverage onyour dependents?Are any additionalbenefits included?Are there anyexclusions?How do you requestcoverage?Conversion – For residents ofall states except New YorkPortabilityConversion –For residents of New YorkYes, if Portability for dependents isincluded in your employer’s policy.Please note that dependent childrencan only continue coverage underthe Portability provision if a parentis also eligible and is electingPortability.Yes, if your dependents have lifeinsurance coverage under youremployer’s policy.Yes, if your dependents have lifeinsurance coverage under youremployer’s policy.An Accelerated Benefit is availableto employees if it is included underthe employer’s group life policy.This benefit allows an accelerationof a portion of your life insurancebenefit if you become terminally ill.(The Accelerated Benefit does notapply to dependents.)Although additional benefits arenot included, loans from your cashvalue may be available.Although additional benefits arenot included, loans from your cashvalue may be available.Yes. A benefit will not be paid ifdeath due to suicide occurs duringthe first two years of coverageunder the Portability policy.However, in that event, unusedpremiums will be refunded.Yes. A benefit will not be paid ifdeath due to suicide occurs duringthe first two years of coverage underthe Conversion policy. However, inthat event, unused premiums will berefunded.Yes. If death occurs due to suicide,no benefit amount which becameeffective within two years of deathwill be paid. This includes initialcoverage and increases in coverage.However, in that event, unusedpremiums will be refunded.Please contact your BenefitAdministrator to receive theappropriate forms for obtainingadditional information.Please contact your BenefitAdministrator to receive theappropriate forms for obtainingadditional information.Please contact your BenefitAdministrator to receive theappropriate forms for obtainingadditional information.Please note that Portability is notavailable to residents of Vermont.2196-PORT 2000 Printed in U.S.A. 2006 The Hartford, Hartford, CT 06115We deliver on our promises every day.
2196 port200010/18/0611:24 AMPage 5Question?Must you act withincertain time frames tobe eligible for thiscoverage?PortabilityYes! Generally, you must returnyour completed application and firstquarterly premium to The Hartfordwithin 31 days after your groupcoverage terminates. Please seeyour policy for any exceptions thatmay apply.It’s very important that you actquickly so you don’t miss thisopportunity!Conversion – For residents ofall states except New YorkConversion –For residents of New YorkYes! You must return the completedNotice of Conversion form toThe Hartford within 31 days aftergroup life insurance terminates or15 days from the date the employersigns the form, whichever is later.(This must be within 91 days aftergroup coverage terminates.)Yes! You must return the completedNotice of Conversion form toThe Hartford within 31 days aftergroup life insurance terminates. Ifyou receive the Notice of Conversionmore than 15, but less than 90 daysafter the event, you will have 45 daysfrom the day you receive Notice toconvert. If Notice is not given, youwill have 90 days to convert.Upon receipt of the form, The Hartfordwill verify eligibility and send coverageinformation, premium rates andapplication form(s). You mustcomplete and return the applicationwith the required premium to theaddress provided, within the timeperiod specified on the application.It’s very important that you actquickly so you don’t miss thisopportunity!2196-PORT 2000 Printed in U.S.A. 2006 The Hartford, Hartford, CT 06115Upon receipt of the form, The Hartfordwill verify eligibility and send coverageinformation, premium rates andapplication form(s). You mustcomplete and return the applicationwith the required premium to theaddress provided, within the timeperiod specified on the application.It’s very important that you actquickly so you don’t miss thisopportunity!We deliver on our promises every day.
What type of life insurance policy will you receive? We deliver on our promises every day. 1 The Hartford is The Hartford Financial Services Group, Inc. and its subsidiaries, including issuing companies Hartford Life Insurance Company, Hartford Life and Accident Insurance Company and Hartford Life Group Insurance Company. All benefits are .
