With group life insurance plans, one doesn't "own" the policy. For most people, if one resigns or terminated from the company, the group life insurance policy does not go with the person.
Once employment is terminated, so is the insurance, even the person wants to continue to pay the premium.
Individual life policies are owned individually. If the individual is no longer employed, as long as the premium is paid, the life insurance remains inforce.
Once employment is terminated, so is the insurance, even the person wants to continue to pay the premium.
Individual life policies are owned individually. If the individual is no longer employed, as long as the premium is paid, the life insurance remains inforce.
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