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Cancel/lower voluntary Life Insurance because of increased premium


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Guest sue o'hare
Posted

Voluntary Life Insurance - can an employee drop or cancel coverage because they do not want to pay increased premium due to reaching birthday that carries increased premium 0- example, turns 50 and rate for 50 - 55 is greater than rate for 49.

Posted

Most voluntary supplemental group life policies I've seen will allow an employee to cancel coverage at any time. What does the group policy state?

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