What happens to my life insurance when I change jobs?

What happens to your life insurance when you change jobs depends entirely on what type of coverage you have. Employer-provided group life insurance typically ends when your employment ends, though you may have a short conversion window.

Group life conversion rights usually allow you to convert group coverage to an individual policy within 31 days of leaving your employer — without new medical underwriting. However, converted policies are often expensive and limited in options. This window is valuable if your health has changed since you originally enrolled.

Individual life insurance policies you own independently are completely unaffected by job changes. Premiums continue, coverage continues, and nothing about the policy changes when you change employers. This portability is one of the most important advantages of individual policies over group coverage.

If you are between jobs and your only coverage was group insurance, there may be a gap. A short-term individual policy or a new term policy can bridge this period. Agents in our network can help you evaluate your options and establish coverage quickly during a career transition. Actual premiums vary by carrier, age, health status, and coverage amount.