Group life plans sold in Massachusetts typically contain a conversion option. If the insured elects this option, the new policy:

The conversion option in group life insurance allows an insured person to convert their group coverage to an individual policy when they leave the group plan, typically without needing to provide medical evidence of insurability. This is a crucial feature designed to ensure that individuals maintain life insurance coverage even if they are unable to secure a new policy due to health issues.

When the conversion option is exercised, it guarantees the right to obtain new insurance regardless of the individual's health status, thereby offering significant protection and peace of mind. This aspect is particularly important in situations where a person’s health may have deteriorated, making it difficult for them to acquire life insurance through traditional means.

Other options, such as requiring medical evidence, providing higher premiums, or limiting coverage amounts based on age, do not align with the fundamental principle of accessibility that the conversion option embodies. By offering coverage irrespective of the individual’s health condition, the conversion feature stands out as a vital element that ensures continuity of coverage within the appropriate regulatory framework established for group life insurance in Massachusetts.