Posted: 9/6/2010 10:57:16 AM EDT
| During "open enrollment" for life insurance at work, just how open is it? If a guy is diagnosed with fast-moving cancer a month before the open enrollment period, can he still walk in and buy a zillion dollars worth of life insurance? |
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You can join regardless of your health status. Most policies will have a limit that you can buy without any evidence of insurability, usually one or two times salary. After the limit set by the insurer, you need to submit to a physical and blood work.
ETA: Former Group Benefits Agent. ^^ |
