Benefit Continuation -
Boise Cascade Company

As a terminating participant in the Group Term Life and/or Voluntary Term Life programs provided by Boise Cascade Company and underwritten by Principal Life Insurance Company, you may have options for continuing coverage.

  • Portability of Life Insurance - Extend or "port" your current coverage, without any medical questions.
  • Conversion of Life Insurance - Change or "convert" your coverage to individual universal life insurance, without any medical questions.

Life Coverage During Disability (premium waiver)
In the event your coverage is terminated (as a result of a disabling condition) and you are subsequently approved for Life Coverage During Disability (premium waiver), your converted and/or ported coverages will be terminated and any premiums paid will be refunded to you.
Portability of Life Insurance

If you participate in the Voluntary Term Life insurance program, you have the option of porting the coverage in lieu of conversion. You select the amount of coverage you wish to maintain. Proof of good health is not required unless you elect to increase your coverage amount. The minimum amount of coverage you may continue is $10,000.

You may also elect to continue coverage for any covered dependents if you continue your coverage. Proof of good health is not required unless you elect to increase a dependent's coverage amount.

To continue this insurance coverage, complete the Portability Application. The Employer information has already been provided to the insurance carrier. The portability rates are included on the Rates document.

Please refer to your certificate of coverage regarding any limitations and termination provisions for this coverage. If you no longer have a copy of this, one will be provided upon your request. You must apply for this coverage within 60 days of losing coverage.

After completing the application, send it and your check for the first month's premium to:

Principal Life Insurance Company
Life Portability
Des Moines, Iowa 50392-0002

You'll then receive a letter from Principal Life explaining your coverage amounts and benefits as well as when and how to make future direct premium payments.
Conversion of Life Insurance

Individual Purchase Rights (conversion) allow qualifying individuals previously covered under Group Term Life, and/or Voluntary Term Life policies, to buy individual life insurance coverage without proof of good health. Coverage is provided through an individual Life Insurance policy issued by Principal Life Insurance Company and Principal National Life Insurance (except in NY). Dependents may also convert their Voluntary Term Life coverage independent of the employee's conversion. The minimum amount of coverage you may convert is $1,000 to the maximum amount of insurance you had under your former employer's policy.

Follow these steps to enroll:

  1. Review the application instructions/rate sheet for your state (see table below) and the group life conversion FAQ sheet (PDF).
  2. Complete the application for individual life insurance—group conversion for your state (see table below).
  3. Mail the completed application and your first premium to the address listed on the application.

You have 31 days after the date your group coverage ends to convert coverage without proof of good health. Conversion rates will be based on your current age and smoking status. Refer to the documents above for additional details regarding rates.

State
(Use your resident state.)
Application
Application instructions/ rate sheet
Alabama, Alaska, Arizona, Arkansas, Colorado, Connecticut, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Wisconsin, Wyoming AA1220 AA933C
California AA1220CA AA933C
Delaware, North Dakota, South Dakota AA1220ST AA933C
District of Columbia AA1220DC AA933C
Florida AA1220FL AA933C
Louisiana, Montana, West Virginia AA1220AAATERMUL AA3401B
New York AA1226 AA3401B

This is not an insurance contract or plan document, and does not summarize all provisions. If any provision presented here is found to conflict with federal or state law, that provision will be applied to comply with federal or state law. The group policy or plan document determines all the rights, benefits, limitations and exclusions of the coverage described here. For details, refer to your benefit booklet. Insurance products issued by Principal National Life Insurance Co. (except in NY) and Principal Life Insurance Co. Securities offered through Principal Securities, Inc., 800-247-1737, Member SIPC and/or independent broker/dealers. Principal National, Principal Life and Principal Securities are members of the Principal Financial Group®, Des Moines, IA 50392.