If you are on a group life insurance plan with your employer, you will not continue to receive benefits once you retire. Essentially, life insurance plans through your employer are left behind if they are not needed. You may have the option to continue your coverage through an individual plan. This can be very important when you retire, as the chances that you will need your life insurance policy begin to accelerate. You should compare the cost of this continuation with the cost of individual plans for retirees to determine which is least expensive and which will offer the greatest benefits at this time in your life.
http://www.finweb.com/insurance/what-will-happen-to-my-group-life-insurance-when-i-retire.html
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Pretty self explanatory really, there seems to be a few questions along these line floating around on the internet. So I thought I’d post the answer here, via the site above of course.
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