Texas Life Agent Practice Exam

How many days does Albert Metz have to convert his Group Life insurance to individual coverage after employment termination?

1. 15 days

2. 30 days

3. 31 days

4. 60 days

The correct answer is: 31 days

After the termination of employment, Albert Metz has a specific period within which he can convert his Group Life insurance to an individual policy. In Texas, the standard conversion period is 31 days. This timeframe allows individuals who are losing their group coverage due to job termination to secure individual coverage without having to undergo medical underwriting or provide proof of insurability. The 31-day conversion period is designed to ensure that individuals have sufficient time to make arrangements for their insurance needs after employment ends, providing a degree of financial security during a potentially vulnerable transition. It's important to be aware of this specific duration, as it reflects the provisions set forth in Texas insurance regulations regarding group life insurance conversions. Other options do not align with the statutory requirements for conversion periods, making them incorrect.