Verizon

Continuation of Group Life Insurance Coverage Frequently Asked Questions

  1. What happens to my group basic and supplemental life insurance coverage if my employment with Verizon is terminated?

If your employment with Verizon is terminated for any reason, you are eligible to continue the group basic and supplemental life insurance coverage that you have on yourself, your spouse, and any children through the continuation of life insurance coverage feature of your policy. Refer to question #8 for information on how you will be notified of your continuation of coverage options.

  1. If I die, what happens to the group supplemental life insurance coverage on my spouse/domestic partner and my children?

Your spouse/domestic partner is eligible to continue his/her group supplemental life insurance coverage under the continuation of life insurance coverage feature of your policy. Refer to question #8 for information on how you will be notified of your continuation of coverage options.

  1. My child has reached the age 26 limit and is no longer covered under my group supplemental life insurance policy. What happens to my child’s coverage?

When your child reaches the age limit and is no longer covered for group supplemental life insurance, he/she is eligible to continue his/her group supplemental life insurance coverage under the continuation of life insurance coverage feature of your policy. Refer to question #8 for information on how you will be notified of your continuation of coverage options.

  1. I am transferring from one area of Verizon to another, and the new area offers a lesser group life insurance benefit. What happens to the amount of group basic and supplemental life insurance I am losing?

If you transfer from one area of Verizon to another, and the amount of group basic and supplemental life insurance offered to you as a result of that transfer is less than the amount you currently have, you may be eligible to continue that reduced amount under an individual policy. Refer to question #8 for information on how you will be notified of your continuation of coverage options.

  1. What happens to the group supplemental life insurance coverage on my spouse/domestic partner in a divorce/dissolution situation?

Your spouse/domestic partner is eligible to continue his/her group supplemental life insurance coverage under the continuation of life insurance coverage feature of your policy. Refer to question #8 for information on how you will be notified of your continuation of coverage options.

  1. I am retiring from Verizon. What options do I have, if any, for continuing my group basic and supplemental life insurance?

Retirement benefits are handled through the Verizon Service Center. You may contact them for additional information at 1-877-489-2367. Should your retirement insurance benefits reduce as part of a scheduled reduction, The Prudential Insurance Company of America (Prudential) will send you information on options available to continue the reduced portion of that coverage.

  1. I voluntarily dropped the group supplemental life insurance coverage that I was paying for through payroll contributions. Are there any options for me to continue this coverage on my own?

If you voluntarily terminated the group supplemental life Insurance coverage through Verizon, there are no options available to you, your spouse/domestic partner, or your children for continuing that coverage.

  1. Do I need to reach out to Prudential when my group supplemental life insurance coverage is ending?

As soon as Prudential is notified of the loss of group basic and supplemental life insurance coverage on you, your spouse/domestic partner, or your children, Prudential will notify you by mail of the options for continuation of life insurance for which you are eligible. This notification will provide you with the group basic and supplemental life insurance coverage amount you, your spouse/domestic partner, and child(ren) are eligible to continue, an application and instructions for submission, and the applicable rates and premium.

  1. How long do I have to make a decision?

You generally have 31 days from the date your group supplemental life insurance coverage terminates to take advantage of the continuation options available to you. During this 31-day period, your coverage remains in effect under your Verizon Group Life Insurance policy.

  1. Who can I contact with questions?

If you have any questions regarding continuation of coverage, please contact the Prudential Verizon Service Center at 888-9VZ4PRU (888-989-4778).

  1. What are the continuation options available to me?

You will be notified by Prudential of the continuation of life insurance options that are available to you under your Verizon group policy.

  1. Will I have to submit evidence of good health to continue my life insurance coverage?

No, submitting evidence of good health will not be required.

  1. How much will it cost me to continue my life insurance coverage?

The notification package you receive from Prudential will contain the coverage options available to you and their applicable rates.

  1. If I continue my coverage through an option available to me, how long will the coverage remain in effect?

The coverage will remain in effect as long as you continue to pay premiums on time. Instructions for premium payment will be included in the Notification package sent to you by Prudential.