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This information becomes valuable when you can make changes during your next enrollment period or if you qualify for a special enrollment period due to a major life event. A special enrollment ...
Accidental death benefit: Unlike traditional life insurance, accidental death policies only pay out if the insured dies in an accident. These policies typically exclude deaths caused by illness or ...
A surviving spouse, even if they are not old enough to collect Social Security benefits, should check in with the Social Security Administration as soon as they can after the death of their partner.
In 1967, psychiatrists Thomas Holmes and Richard Rahe examined the medical records of over 5,000 medical patients as a way to determine whether stressful events might cause illnesses. Patients were asked to tally a list of 43 life events based on a relative score. A positive correlation of 0.118 was found between their life events and their ...
Among the "qualifying events" listed in the statute are loss of benefits coverage due to (1) the death of the covered employee; (2) an employee loses eligibility for coverage due to voluntary or involuntary termination or a reduction in hours as a result of resignation, discharge (except for "gross misconduct" [4] [5]), layoff, strike or ...
Corporate-owned life insurance (COLI), is life insurance on employees' lives that is owned by the employer, with benefits payable either to the employer or directly to the employee's families. Other names for the practice include janitor's insurance and dead peasants insurance .
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related to: major life events for insurance enrollments are due to death of spouse