When a job ends, group life may offer a short window to keep coverage. Portability usually continues a group style policy. Conversion usually turns the group coverage into an individual policy. They are not the same product.
The clock is often 31 days from the day coverage ends. Example: a last day of employment on the 3rd can mean a form is due about a month later. Your booklet controls the exact day.
Call your licensed agent as soon as you have the termination date. A missed window is rarely reopened.
Your licensed agent can read a deeper version in Field Notes: open the broker article.
FAQ
Short answers you can use on a call with your agent.
Which one costs less?
Portability and conversion are priced differently. Conversion to an individual policy is often more expensive. Your licensed agent and the group booklet have the numbers. This page does not quote a rate.
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