My wife left her job and is trying to decide whether she should port over and continue with her group life insurance coverage. I have no idea if it is a good deal or not.
All about Finance and Insurance
Finance Insurance Loan source link
My wife left her job and is trying to decide whether she should port over and continue with her group life insurance coverage. I have no idea if it is a good deal or not.
I just left my old job for my new job 2 weeks ago. I received a letter from my old job’s HR saying that my group (life) insurance has been discontinued and ask me if I want to convert it to an individual policy. The thing is I’m not so sure how things work. My new job also offers me this, but not until 4 months later. What do people normally do with their group life insurance when they left their job? Should I convert it to an individual policy or to my new job after 4 months if possible or can I cash that life insurance amount?