Connecticut Life Insurance: What you need to know

Employers have no obligation under Connecticut law to offer life insurance to their employees. However, if group life insurance is among the benefits offered to workers, certain minimum requirements must be satisfied (CT Gen. Stat. Sec. 38a-431).
For a Limited Time receive a FREE HR Report on the "Critical HR Recordkeeping”.  This exclusive special report covers hiring records, employment relationships, termination records, litigation issues, electronic information issues, tips for better recordkeeping, and a list of legal requirements.  Download Now
Employer contributions. Employers are not required to make any contribution toward the cost of group insurance.
Premium payment. A 30-day or 1 month grace period within which to make a premium payment must be provided before coverage can be terminated.
Cancellation or substitution of insurance. Employers are required to mail or deliver notice of the cancellation of a group insurance policy to each insured employee 15 days prior thereto. This also applies where one policy is substituted for another, even if there is no interruption of coverage (CT Gen. Stat. Sec. 38a-456).
Conversion and termination. The Connecticut Insurance Department requires that group life policies must include the right to convert to an individual life insurance policy without physical examination within 31 days of termination. Although individual life insurance policy premiums are much more expensive than group rates, the right to convert is a valuable privilege to employees who might not be able to obtain other insurance because of age or health. Employers should be sure to notify employees of this in writing at time of termination. The Insurance Department also requires that if an insured employee terminates and then dies within 31 days of termination, the insurance is still in effect and the beneficiary receives payment (Insurance Department Bulletin S-4).

>> Read more about Life Insurance

More on this topic:

State Requirements

National | Alabama | Alaska | Arizona | Arkansas | California | Colorado | Connecticut | Delaware | District of Columbia | Florida | Georgia | Hawaii | Idaho | Illinois | Indiana | Iowa | Kansas | Kentucky | Louisiana | Maine | Maryland | Massachusetts | Michigan | Minnesota | Mississippi | Missouri | Montana | Nebraska | Nevada | New Hampshire | New Jersey | New Mexico | New York | North Carolina | North Dakota | Ohio | Oklahoma | Oregon | Pennsylvania | Rhode Island | South Carolina | South Dakota | Tennessee | Texas | Utah | Vermont | Virginia | Washington | West Virginia | Wisconsin | Wyoming |

Connecticut Life Insurance Resources

There are currently no resources for this topic/state.

Life Insurance Products

Healthcare Reform Webinar Recording
BLR Webinar: "Healthcare Reform: What the New Legislation Means for Employers; Get Prepared Now""
Safety Culture Webinar Recording
BLR Webinar: "Safety Culture: How To Assess – and Improve – Your Organization’s Safety Policies and Practices""
Global Rewards Webinar Recording
BLR Webinar: "Global Rewards: Practical Approaches to Successful Multinational Rewards Strategies""
Encyclopedia of Employee Handbooks
This practical tool gives you everything you need to create a customized employee handbook for your company. Includes tips on how to select your format, style and topics, how to prepare your handbook, and samples of employee handbooks and HR policies being used in actual companies. "
Benchmark Benefit Survey: Benefits for Part-Time Employees
In this economy more companies are turning to part-time employees. What sort of benefit package do you offer your part timers? Know what others are doing."
Free Special Reports
Get Your FREE HR Management Special Report. Download Any One Of These FREE Special Reports, Instantly!
Featured Special Report
Claim Your Free Copy of Critical HR Recordkeeping

Record retention is complex and time consuming. However, in addition to complying with various federal and state laws, keeping good, well-organized records can be very helpful in documenting and supporting an organization’s employment actions.
Download Now!

This special report will discuss how you can ensure your records are in good order, and establish a record-retention policy.

Topics covered:
1. Hiring Records
2. Employment Relationships
3. Termination Records
4. Litigation Issues
5. Electronic Information Issues
6. Tips for Better Recordkeeping
7. A List of Legal Requirements

Make sure you have the information you need to know to keep your records in order.