Continuation benefits: are they the life assurance industry’s best-kept secret?
There is no need to be underwritten if you convert your group life cover into a policy in your own name
When you leave your employer you lose your group life cover. If you don’t get the same benefits from a new employer, it can leave a huge hole in essential cover you need to ensure you have an income if you are disabled or your family is provided for when you die.
But there is a little-used option that may be available to you: converting your group life cover into a policy in your own name. This is known as exercising the continuation option.