Group life reinsurance is supposed to be one-year term reinsurance where your exposure terminates when the treaty terminates.
But your client must offer an individual life conversion option to its certificate holders, which, after treaty termination, transforms your client’s group term life into whole life insurance and your one-year term reinsurance into a treaty with few exposures and a potentially long tail. And you face considerable risk of extra mortality.
With HRMP’s group life conversion program, your client can transfer both the administrative challenges and the extra mortality risk of its group life conversions, so your treaty ends and your risk of extra mortality is eliminated.
Download the group life conversion brochure.