Can an employer-paid life insurance policy be converted to an individual plan?
Sometimes; it varies from company to company. Some employers allow you to convert your group coverage to individual coverage upon separating from the company, and some don t. Your human resources department should have this information for you. If you are able to convert your group policy to an individual one, you may have to prove your insurability (medical exam, questions, etc.) and you may also have to pay the premiums in full for the year instead of paying monthly. Each company has its own set of conditions, so be sure you know what yours are before making any decisions.
