Summary
HQ staff who have elected Optional Group Term Life or Optional Dependent¡¯s Group Term Life Insurance may reduce or cancel the coverage at any time. Once the coverage is reduced or cancelled, it can only be increased via Late Enrollment procedures.
Step | Action |
Action by Staff | |
01 | Use to reduce/cancel your Optional Group Term Life or Optional Dependent's Group Term Life Insurance. |
02 | Receive an email notification regarding the coverage reduction/cancellation. In case of any clarifications, Write to HR. The effective date of the reduced coverage will be the first day of the month following the receipt of your signed form. |