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Converting Group Life Insurance


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If you have life insurance through a group such as an employer, and you are leaving the group or the group is being cancelled, you generally have a right to keep your insurance by converting it to an individual policy without providing any medical information. It doesn't matter why you're leaving the group.

It is generally a good idea to convert your coverage rather than lose it -- but each circumstance needs to be considered on its own.

How much you can convert depends on the circumstances.

If you decide to convert, follow the rules precisely. The practical aspects of how to convert a life insurance policy are different if you have a VGLI, FEGLI or SGLI policy.

If your policy does not include a right to convert, call your state Insurance Department offsite link to determine whether the law of the state you live in requires a right of conversion. If it does, you'll have the right even if it's not mentioned in your policy.

Note: If you have group universal life insurance, there is no need to convert. Group universal life insurance is almost always issued as individual coverage to each eligible member of the group. The premium and insurance terms stay the same.

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