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  • Group Term Life Service Request - Tennessee.gov - Tn

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Different than insured) Insured (please print) Contract # or employee ID Employer/previous employer Policy number State of Tennessee 34175 1. CHANGE IN PERSONAL DATA - All active employees notify Human Resources/Agency Benefits Coordinator to make this change New name (please print) New street address New city, state, zip 2. CHANGE INSURANCE INFORMATION x salary I am an active employee; please change my optional coverage amount to: (Please see certificate of insurance for limits. If i.

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How to fill out the Group Term Life Service Request - Tennessee.gov - Tn online

Completing the Group Term Life Service Request form is a straightforward process that can be done online. This guide provides clear and concise instructions for each section of the form, ensuring that users have the necessary information to submit their requests efficiently.

Follow the steps to successfully complete your service request online.

  1. Press the ‘Get Form’ button to access the form and open it in your preferred editor.
  2. In the section identifying the insured, enter the name of the insured individual clearly. If the owner of the policy differs from the insured, include their information as well. Additionally, fill in the contract number or employee ID and the employer or previous employer's name.
  3. For any changes in personal data, provide the new name, street address, city, state, and zip code of the insured. Make sure this information is accurate to avoid any processing delays.
  4. If requesting a change in insurance information, indicate the desired optional coverage amount. Note that increases may require an Evidence of Insurability form, and inform whether you are on direct pay with Minnesota Life.
  5. To add child riders, list each child's name and date of birth, selecting the desired coverage amount ($10,000 or $5,000). Ensure to confirm this choice corresponds with policy guidelines.
  6. For spouse coverage, enter the spouse's name, date of birth, and desired coverage amount. Be aware that a spouse may also need to complete an Evidence of Insurability form.
  7. If you wish to cancel any coverage, check the appropriate box indicating what is being canceled. Understand that premiums are due through the end of the month when a signed request to cancel is received by Minnesota Life.
  8. To change the beneficiary, provide the full name and address of primary beneficiaries and their relationships to the insured. Specify the share percentage, ensuring that the total equals 100%. Repeat this step for contingent beneficiaries.
  9. Use the special requests section for any additional comments or specific queries you may have.
  10. Upon completion, ensure all required signatures are included, along with daytime telephone numbers and dates, where applicable. Review the document for completeness before submission.
  11. Finally, save changes, and you may choose to download, print, or share the form for your records or submission.

Complete your Group Term Life Service Request online today to ensure timely processing of your changes.

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While you can't cash out term life insurance, you can sell your policy. Additionally, you may have other options if you want to change your coverage, such as lowering your premium payments or converting to a permanent policy.

Term life is designed to cover you for a specified period (say 10, 15 or 20 years) and then end. Because the number of years it covers are limited, it generally costs less than whole life policies. But term life policies typically don't build cash value. So, you can't cash out term life insurance.

Schedule 2 (Form 1040) - Items That Flow to Line 8. How can we help? If your employer provided more than $50,000 of group-term life insurance coverage during the year, the amount included in your income is reported as wages in Box 1 of Form W-2. Also, it is shown separately in Box 12 as code "C."

If you have a group life insurance policy that you no longer need, you may be able to sell it for a lump sum of cash. This can be a great way to get money for anything you need, whether you want to pay off debt, fund your retirement, pay for medical treatments, or whatever else you need funds for.

No. Because it is a term life policy, there is no cash value.

Why Is GTL on My Paycheck? GTL stands for group term life insurance, which is available via your employer, who also pays the premiums on the life insurance.

You typically can't borrow from term life insurance policies. You typically can't borrow more than 90% of your policy's current cash value. You typically must pay interest when paying back the loan.

Group term life insurance through your employer or an association offers affordable, easy-to-get coverage that provides financial protection for your family if you die. However, employment-based group life is temporary coverage that may not provide a sufficient death benefit to meet all your family's financial needs.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Help Portal
Legal Resources
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232