State RegulationsFL specificDifficulty 1/5
A Florida employee leaves her job and exercises her group life conversion right. What does she receive?
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Answer & full 3-part explanation (select an option above, or peek)
Why B is correct
Under Chapter 627, Florida Statutes, when group life coverage terminates because a member leaves the group, the conversion privilege lets the member exchange the coverage for an individual life policy issued by the same insurer without new evidence of insurability. The member becomes an individual policyowner responsible for the premiums; conversion does not keep the group contract in force or pay out cash.
Why the other options are wrong
- A) The member is leaving the group; the master policy no longer covers her, which is why conversion to an individual policy exists.
- C) The conversion applies to life coverage, not health benefits.
- D) No death benefit is paid; the insured is still living, so the right is converted coverage, not cash.
Memory hook
Conversion = same insurer, individual policy, no exam.