Be aware that the rates you see
for life insurance change significantly depending on your age, and the term of the policy you choose.
Rules around court -
ordered life insurance change from state to state, so make sure to consult a legal professional if you find yourself in this situation.
And somehow if that was missed and an employee could go on the company website and change or update their company insurance or benefits, there should have been disclaimer that blocked that
life insurance change until the employee fully understood what they weren't buying.
In addition, as your need for
life insurance changes, you'll have the ability to reduce your premiums and the amount of coverage you carry.
It's better to review your policy and your conversion options at least once a year, or anytime your need for
life insurance changes.
When you are 63 years old not only does the reasons for having
life insurance change but so does the type of products, amounts and term lengths available to you.