Insurance Company for evaluation and a determination of disability. Additional medical information supporting the disability claim may be requested from the employee by Aetna. Aetna will notify the employee, the employer, and the Office of Insurance of their decision. If the employee is approved by Aetna for continuation of coverage as a totally disabled employee, the Office of Insurance will contact him with instructions on how to initiate his coverage. He will be required to make a one-time payment for the full premium amount for the first nine (9) months of life insurance coverage. After that, his premiums will be waived until he is deemed by Aetna to be no longer disabled or reaches age 65, whichever comes first.
Aetna Life Insurance Company is the sole authority for evaluating disability continuation of term life insurance coverage applications.
Naming A Beneficiary A beneficiary is the person the insured chooses to receive his life insurance benefits. An employee/retiree can name or change his beneficiary at any time by completing a life insurance Enrollment/Change Request Form. Upon receiving the form from the employee, the employee’s personnel office is responsible for forwarding this form to Blue Cross & Blue Shield. A retiree or disabled employee should submit the form directly to Blue Cross & Blue Shield, who is responsible for maintaining this information.
If more than one beneficiary is named, the insured should indicate how to divide the benefit among them. If it is not indicated on the form how the benefit would be divided and the insured dies, the benefit will be divided equally among the named beneficiaries. Contingent beneficiaries may also be named if so desired. Benefits are payable to a contingent beneficiary if the primary beneficiary dies before the insured’s date of death. If a beneficiary is not named, Aetna will pay the benefits to the estate, its executors, or administrators.
Termination of Life Insurance Coverage Life insurance coverage will terminate on the earliest of the following:
The date the life insurance plan and/or group term policy with Aetna terminates;
The end of the month for which premiums have been paid;
The end of the month in which the employee ceases to be employed or loses eligibility; or
The end of the month following the date the insured elects in writing to terminate coverage.
NOTE: Retroactive termination requests are not permitted.
Converting to a Private Policy An employee may convert some or all of his group term life insurance to an individual policy with Aetna if:
The employee leaves covered employment (including retirement) with the State of
Mississippi or is no longer eligible for coverage; or
The group term policy terminates and the employee has been covered for at least 5 years.