Columbia Life insurance should be used to pay debts deceased ...

Converting my life insurance

regarding health, age, sex, smoking habits and lifestyle and wait for

I just started my new job about a month ago, and they Give me a hand book, and i was reading about there life insurance, will this what it says

1.separated employees covered by our companys group term life insurance will be provided with notices regarding options to continue or convert their term life insurance coverage. appropriate paperwork must be signed and submitted to the insurance carrier directly within 30 days on employment termination. if you are interested in continuing or converting you life insurance, You should contact your local branch office or the WOC Benefits Department

2. life insurance, Securitas usa provides group term life insurance in the amount of $5,000 for all full-time(30 hours or more per week)security officers, who have been employed for more then 90 days. (i work 47 hours a week)

3. so what does this all mean, what After the 90 days i able cash in my life insurance

continues to earn an average rate of return of 10% (currently its

1) Refers to the fact that you able keep the coverage if you leave the company as long as you contact them within 30 days of your termination and begin paying the premiums yourself

2) $5,000 is the death benefit. Your coverage will begin in 90 days. There is nothing to cash out until you die. The beneficiary you name will get the $5,000 when you die.

eligibility for the policy in about four to eight weeks time. If your

You.\? lol.This is how life insurance works:

Source: http://www.cheaptoinsurance.com/columbia-life-insurance-should-be-used-to-pay-debts-deceased.htm

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