What happens to my life insurance policy after I leave my job?

When you leave your job, the life insurance policy provided by your employer may be terminated. This is because group life insurance policies are typically tied to employment, and you may no longer be eligible to participate in the group plan once you leave your job. However, you may have the option to convert your group life insurance policy into an individual policy, also known as a conversion option. The conversion option allows you to convert your group life insurance policy into an individual policy without the need for a medical exam. It's important to note that the conversion option typically has a time limit, so you will need to act quickly if you wish to take advantage of this option. The cost of the individual policy may be higher than the group policy, but it will provide you with continued life insurance coverage. If you do not have a conversion option, you may want to consider purchasing an individual life insurance policy to ensure that you have adequate coverage. Keep in mind that the cost and eligibility for an individual policy will depend on factors such as your age, health, and other risk factors.