West Virginia State Life Insurance Practice Exam

Upon termination, how many days does an employee have to convert group life coverage to an individual plan?

1. 21 days

2. 31 days

3. 45 days

4. 60 days

The correct answer is: 31 days

Upon termination of employment, an employee typically has a specific period during which they can convert their group life insurance coverage to an individual policy without undergoing medical underwriting. In West Virginia, this period is 31 days. The importance of this conversion period is significant, as it provides individuals who lose their employer-sponsored life insurance the opportunity to maintain coverage and avoid gaps in protection. This critical timeframe allows the former employee to take steps to secure coverage that aligns with their individual needs post-employment, ensuring their beneficiaries remain protected in the event of an unforeseen circumstance. The 31-day conversion privilege underscores the importance employers place on supporting their employees during transitions and safeguarding their financial security during times of change.