It is very important that you inform the terminating (or retiring) employee of their right to convert benefits.
The employee is eligible to convert Group Life Insurance to an individual policy. The Co-operators must receive the conversion application within 31 days of the termination date. Plan Member can find a list of Co-operators advisors on www.cooperators.ca. the advisor will help the plan member assess his or her needs and choose a suitable policy.
The employee is also eligible to convert extended health and dental care benefits to an individual policy within 60 days of termination under the group plan. Please note that the individual policies do not provide coverage that is identical to the group plan. For more information regarding the application process please contact Morneau Shepell.