Supplemental Life Insurance after merger
Aug 1, 2000
Hello -- My company provided me with supplemental life insurance for a small cost when I was employed (6 yrs ago). 2 yrs ago I was diagnosed with HIV. Company sold. Now we are going to have new benefits. Is supplemental life coverage depending on the outcome of a physical or will it all just be rolled over? Thank You
Response from Ms. Franzoi
This depends on the terms of the buy-sell agreement. Often when a company is purchased, the buyer extends his benefit plans to the seller's employees without medical evidence if they have been covered under similar plans. However, you should ask your HR/Benefits representative how this will be handled.
Get Email Notifications When This Forum Updates or Subscribe With RSS
This forum is designed for educational purposes only, and experts are not rendering medical, mental health, legal or other professional advice or services. If you have or suspect you may have a medical, mental health, legal or other problem that requires advice, consult your own caregiver, attorney or other qualified professional.
Experts appearing on this page are independent and are solely responsible for editing and fact-checking their material. Neither TheBody.com nor any advertiser is the publisher or speaker of posted visitors' questions or the experts' material.