Leaving BP

What happens to benefits if you leave
man on a ladder

Converting coverage

You may not convert your AD&D benefits. However, you may be able to convert all or part of your basic life insurance coverage to an individual policy if:

  • Your BP employment ends; or
  • You are no longer eligible to participate in the Basic Life and Accidental Death & Dismemberment Insurance Plan.

You must apply by contacting MetLife within 31 days after your coverage ends. The BP HR & Benefits Center will send a conversion application to your address of record after you leave BP. The conversion form will list a number to call for a referral to the MetLife office nearest you who will help guide you through the conversion process. You are not required to provide evidence of insurability.

If you do not apply for an individual policy within the 31-day conversion period, you cannot convert your basic life insurance coverage later on. If you die within the 31-day conversion period, benefits are payable as if you had converted your coverage to an individual policy, regardless of whether you applied for this coverage.

An individual policy is not a continuation of coverage under the Basic Life and Accidental Death & Dismemberment Insurance Plan, and the benefits provided will not be the same as those under the Basic Life and Accidental Death & Dismemberment Insurance Plan. In addition, you are responsible for paying the full cost of your coverage directly to MetLife.

 

Publication date: April 2018

 

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