GROUP INSURANCE DISCONTINED ON TERMINATION CAN I CONVERT TO PLAN AS AN INDIVIDUAL?
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GROUP INSURANCE DISCONTINED ON TERMINATION CAN I CONVERT TO PLAN AS AN INDIVIDUAL?
IF I CONVERT GROUP LIFE INSURANCE AT TERMINATION OF MY EMPLOYMENT IS THERE A LIMIT OF THE AMOUNT AVAILABLE IN MICHIGAN?
Asked on July 1, 2009 under Insurance Law, Michigan
Answers:
GW, Member, Michigan and Hawaii Bar / FreeAdvice Contributing Attorney
Answered 15 years ago | Contributor
As far as I can tell, there are no legal limitations on the value of a life insurance policy that gets converted from group to individual.
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