Pending Certifications - Dependent Life Insurance
Hi everyone. My organization is splitting the Dependent Life Insurance plan into Spouse/Domestic Partner Life and Child Life. Dependent types and election amounts will be mapped accordingly as part of the Open Enrollment process.
Plan:
Spouse/Domestic Partner Life
Options:
50k <---- Guaranteed Issue Amount
75k <---- Requires Personal Health Application
100k <---- Requires Personal Health Application
150k <---- Requires Personal Health Application
200k <---- Requires Personal Health Application
* Since this is technically a 'new' election, will any Spouse/Domestic Partner currently in an option greater than $50k drop to $50k and generate an Action Item?
- Example: Spouse currently has $200,000 election on Dependent Life plan - Will this dependent maintain the $200k election or will the election pend and drop to the guaranteed issue?