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Question 7 of 9 in Group Plans |
I will retire next year. Will I be able to convert to an individual policy without having to pass a medical examination? |
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Some companies offer group life insurance that continues after retirement. The amount of coverage typically declines in steps over several years after retirement. Eventually it ends or drops to a final, reduced amount. Companies that do not offer post retirement life insurance coverage generally have an option to convert to permanent (non-term) insurance within 30 days of retirement without evidence of insurability and without a medical exam. |
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