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Greg had recently been terminated from his job that covered him for group life insurance. How long does he have to convert his coverage to an individual policy?

  1. 15 days

  2. 31 days

  3. 45 days

  4. 60 days

The correct answer is: 31 days

When an individual is covered by group life insurance and subsequently loses that coverage due to job termination, they are typically granted a specific period to convert their group coverage to an individual policy. This grace period allows them to secure a new insurance policy without needing to provide evidence of insurability, which can be crucial if their health status has changed. In Arizona, the law stipulates that individuals have a period of 31 days to convert their group life insurance to an individual policy upon termination. This timeframe is significant, as it ensures that the individual is not left without coverage during a vulnerable transition period. This provision is designed to protect consumers by giving them the opportunity to maintain their life insurance coverage without the usual underwriting requirements that would apply to a new individual policy.