Why do I have to submit Evidence of Insurability after 3 years of deductions?

Initially I did not elect life insurance (in 2010). During the open enrollment period I elected $50k and have done such each period to date. The amount has been deducted from each pay period since 2011. in 2014 I was asked to complete an EOI which I have done. I am now having to get the Attending Physician’s Report completed (at my expense). To complicate matters, I was diagnosed with migraines in 2013 and have aggressive treatment for those and feel that this might affect the approved amount of life coverage, if any.

  1. 3998 POINTS
    Matt Benore
    Founder, DenverWest Insurance Professionals, Inc.,
    This sounds like a group plan of Life Insurance.  Group plans generally come with 2 types of life insurance coverage.  The first is the "guaranteed" issue the company will pay for or the max under the group coverage with no underwriting required.  The second is additional coverage which may require underwritting.  

    I would talk to your HR person to look at the schedule of benefits to see what is guaranteed and what is considered additional with underwritting.  What I am confused about however is why are you just now being asked for more information after paying on it for 3 years.  It many have something to do with the new health care reform.

    Start with your HR person or if you have a broker you work with through your employer, contact them.
    Answered on February 26, 2014
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