Coverage usually terminates when you leave your job. Some policies allow you to convert the coverage to an individual life insurance policy. Check your group insurance to see if this is an option.
Easy answer provided by FSCO (Financial Services Commission of Ontario)
Term insurance covers you for a specific period of time and has an expiry date. It is suitable for more temporary needs or expenses with
What is term insurance? Keep Reading
If your term life insurance policy is renewable, it means you have the option of continuing your coverage for another term once your current period
What does “renewable” mean? Keep Reading
Convertible term insurance offers temporary coverage with a valuable extra feature. It starts like regular term insurance, protecting you for a set period (like 10,
What does “convertible” mean? Keep Reading
These numbers refer to how long your coverage lasts. Think of it like renting protection for a set period of time: Which one is right
What is Term 10, 20, and 30 insurance? Keep Reading
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