Sometimes the insurance policy ends when the employee leaves the job that supplied the life insurance policy. Life insurance is not covered by COBRA like health insurance is.
If you leave your job, and the employer had a group term life insurance plan covering all employees, you may be able to convert your coverage into a individual permanent life insurance plan but the premiums will be much higher than you would have paid through your job for the group coverage.
That's why it's important to have your own life insurance coverage separate from your job, in case your company goes out of business, or you lose your job, you will have the life insurance protection your family needs. Here's how you can buy term life insurance coverage online.