When an employee leaves a group life insurance plan, the conversion privilege generally allows them to:

Giải thích

The conversion privilege lets a departing employee convert their group life coverage to an individual permanent policy without proving insurability, typically within 31 days of leaving, though the individual premium is based on the person's attained age. It does not preserve the group rate, refund premiums, or keep the person under the master policy. Conversion protects coverage for someone who might otherwise be uninsurable, which is especially valuable if their health has declined.