Under the conversion option of a group life insurance plan, the insured can convert their coverage to an individual policy without requiring evidence of insurability. This means the individual does not need to prove they are in good health to convert their group coverage to a personal policy. The new policy's premium rate, coverage amount, and duration will vary based on the terms of the conversion option, but no proof of health is required for conversion.
[Reference: Virginia Life, Annuities, and Health Insurance Code, Section 38.2-3406 (Group Life Insurance Conversion Rights), , , ]
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