Answer: 31 days
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How long does an employee have to convert group policy coverage to an individual policy without evidence of insurability?
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State Laws on Insurance Continuation
State Laws on Insurance Continuation
How long does an employee have to convert group policy coverage to an individual policy without evidence of insurability? 31 days If the cash value exceeds the premiums paid in a whole life policy what are the tax consequences if the policy is surrendered the …
Fri Jun 26 2020 · To qualify for this provision the insured needs to notify the life insurance company within 31 days of termination of employment with the group policyholder. If someone waits until after 31 days ...
Mon May 06 2019 · Sometimes you have the option of converting your group coverage to an individual policy if you leave your employer even without having to prove insurability . However most people choose not to do this because these conversion premiums tend to be much higher than premiums for comparable policies available to individuals.
Tips Most often an individual who exercises a group life conversion option has a maximum time period after policy termination in which to convert her policy. This...
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