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What is the conversion privilege? The right of an individual insured under the Group Life Insurance policy to replace all or part of his/her Life Insurance Benefit with an individual policy if all or part of his/her coverage under the group policy terminates.
You have the option to convert the full value of a term policy or just a portion of it. For example, if you have a policy with a $500,000 death benefit, you could convert just $250,000 of it to a permanent policy.
What is the conversion privilege? The right of an individual insured under the Group Life Insurance policy to replace all or part of his/her Life Insurance Benefit with an individual policy if all or part of his/her coverage under the group policy terminates.
Since permanent coverage costs more than term coverage, converting will result in a higher premium, and youll be fully responsible for that premium. Before porting and converting, compare the potential cost with rates for a standard whole life policy.
Porting is available with Basic, Optional, and Voluntary Life and ADD plans. Other eligibility and state restrictions may apply. Conversion means you changeor convert your group coverage to an individual policy without having to answer any medical questions.

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A term-to-permanent life insurance conversion, or term-to-perm conversion, allows you to extend your life insurance coverage. You may have a 10-,15-, 20- or 30-year term life insurance contract now. Instead of letting it expire, you may be able to exchange it for a permanent policy without needing a new medical exam.
The conversion privilege provision allows an employee that participates in a group plan to convert their group life insurance policy into an individual life insurance policy with little hassle, without having to go through another approval process or a medical exam.
This 31-day period is referred to as the conversion period. The group policy and your certificate may specify a different conversion period. If a person insured under the group policy dies within the conversion period, any death benefit provided by the group policy will be paid.
The conversion privilege provision allows an employee that participates in a group plan to convert their group life insurance policy into an individual life insurance policy with little hassle, without having to go through another approval process or a medical exam.
Conversion allows you to convert all or a portion of your Group Term Life Insurance to an Individual Whole Life Policy when you are no longer eligible for coverage under the group policy. Only Group Term Life Insurance is available for conversion.

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