State RegulationsFL specificDifficulty 1/5
Jorge leaves his Tampa employer, and his group life coverage terminates. What can he do under Florida law?
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Answer & full 3-part explanation (select an option above, or peek)
Why A is correct
Under Chapter 627, Florida Statutes, an employee whose group life coverage terminates - for example by leaving the job - has a conversion privilege: the right to buy an individual life policy from the same insurer without providing evidence of insurability. The employee applies within the conversion period and pays the individual rate. The privilege exists precisely because the departing employee might no longer be insurable on an individual basis.
Why the other options are wrong
- B) Waiving evidence of insurability is exactly what the conversion privilege provides.
- C) Group coverage ends with eligibility and cannot be continued indefinitely at group rates.
- D) Group term life typically has no cash surrender value to collect on termination.
Memory hook
Leave the job, keep the coverage - no exam needed.