South Carolina Life Insurance Practice Exam

An employee has group life insurance through her employer. After 5 years, what is the timeframe in which she can obtain an individual policy?

1. 15 days

2. 30 days

3. 60 days

4. 90 days

The correct answer is: 30 days

In South Carolina, when an employee has group life insurance through their employer, they are typically given a specific timeframe to convert their group policy into an individual policy once their employment ends or the group coverage is terminated for any reason. This timeframe is set at 30 days. The ability to convert to an individual policy is important as it allows the employee to maintain life insurance coverage without needing to undergo a medical examination, which might result in issues securing coverage due to health changes. Understanding this provision is crucial for employees to ensure continuity of their insurance coverage after leaving a group plan. This 30-day conversion period provides a reasonable amount of time for the employee to make necessary arrangements to apply for an individual policy. It is essential for workers to be aware of this timeframe to make informed decisions regarding their life insurance needs as their employment status changes.