Can I Convert to An Individual Life Insurance Policy After Retirement Without Needing A Medical Exam?

If you are facing retirement and you are seeking an individual life insurance policy instead of a group plan, as long as you convert before the cancellation date, or within 30 days of the termination of your old policy; you will not be required to submit yourself to a health examination. Many companies will cover you after your retirement, however, the amount of their coverage will drop progressively every year. Others may agree to a standard amount of life insurance that will not fluctuate for a certain term of years or until death.