Can I convert my group life insurance to an individual policy?

Yes — most group life insurance plans include a conversion privilege that allows you to convert to an individual policy without new medical underwriting when your group coverage ends. This right must typically be exercised within 31 days of the qualifying event.

The conversion option is most valuable for employees whose health has changed since they enrolled in the group plan. Converting allows them to establish permanent individual coverage at their current group health classification — without a new medical exam or application.

However, converted policies are often whole life policies with premiums based on your attained age at conversion — and these premiums may be significantly higher than an individual term policy purchased while younger and healthier. For healthy individuals, applying for a new individual policy may provide better coverage at lower cost.

If you are facing a job loss, retirement, or career change, compare the conversion option against applying for new individual coverage before deciding. The conversion option is particularly valuable if your health has deteriorated — it may be the only way to maintain coverage at all.

Nevada employees should act quickly — the 31-day window is strict. Agents in our network can help you evaluate the conversion option against new individual coverage from A-rated (A.M. Best) carriers within the required timeframe.