Does group term life insurance expire if you leave your job?

Life insurance through the workplace is typically offered through a company's group life plan. While plans will differ, in many cases these benefits are offered to all employees with the employer paying part or all of the policy's premium. read more

When you are terminated from the company, the employer is no longer obligated to pay your premiums, and you are technically no longer a member of the group the policy is written for. Upon termination, the insurance company or your company's human resource department will contact you with your options regarding the insurance. read more

Permanent life insurance is intended to provide protection for your entire life. Generally, the premiums for permanent insurance are higher at least initially than for the same amount of term insurance. read more