Evidence of Insurability

If an employee wants to increase his or her Basic Term Life Insurance coverage after having waived coverage over $50,000, he or she will be required to provide evidence of insurability (273k).

The plan's underwriter will request that the employee complete a brief medical questionnaire. He or she may need to provide additional information.

Any evidence of insurability must be satisfactory to the plan's underwriter before coverage can be approved. The plan's underwriter uses standard underwriting rules and procedures for reviewing applications and has sole authority to approve or reject any application on the basis of health. Basic Term Life Insurance coverage will be provided at the existing level while the decision on the participant's evidence of insurability is pending.