Thread regarding Wells Fargo & Co. layoffs

Conversion / Portability for Life & AD&D

I didn't realize you could convert the group life &/or AD&D insurance after severance into a Whole Life policy or port to term life / AD&D policy via MetLife. I always thought those coverages were just benefits available while you're employed and once you're gone you're done and gone.

For the life in particular, what made you choose Whole or Term? Did you compare rates with other carriers? For me personally, I don't think I'll qualify for anything else with anybody else because of medical condtions, so the whole conversion is making some sense, even if I can't compare rates.

I guess I could call Big Lou.


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I'll tell you this as I sc--wed myself. Just get a term life outside Wells and lock in the rate. I should have locked in with a 3rd party. Now the rate resets every year. Especially once you hit 40. So instead of getting a policy for roughly $400/year in my early 30s or late 20s, I pay almost $1100/year now

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