Products: Conversion — Income Protection During the Transition

We understand the challenges employees often face when transitioning from one job to another, and the consequences they may face for failing to maintain disability coverage. We developed our LTD conversion insurance product to meet the needs of these employees and their families. Our LTD conversion insurance offering is available to our client companies and their customers.

What is Conversion?

Conversion insurance allows an employee who terminates employment in specific situations, to convert their group LTD coverage, provided by their former employer, to a 'new' conversion coverage plan. LTD conversion coverage is intended to be a "transition" LTD plan for terminating employees who have no other LTD coverage option at the time of termination. The LTD conversion plan coverage lasts for up to one (1) year.

Why the Need for LTD Conversion Insurance?

By offering the conversion privilege you are providing your policyholders' covered employees the option of maintaining some level of long-term disability coverage in the event employment terminates. It is an especially valuable benefit for those employees who wish to take some time in transitioning from one employer to another. As long as employees meet the eligibility requirements and apply within thirty-one (31) days of terminating coverage under the group LTD policy, the Conversion application cannot be declined.

Long Term Disability Conversion Premium Calculator

Our LTD Conversion Premium Calculator helps individuals converting from our reinsured LTD plans to an individual conversion policy, calculate their premiums. The calculator allows each user to enter their age range, basic monthly earnings, and premium payment mode. Individuals simply select 'Calculate' and the form will calculate the amount of premium due.