1. Kentucky requires a group life policy to give the policyholder a grace period for premiums after the first of:

31 days

KRS 304.16-120 requires group life policies to provide a 31-day grace period during which death benefit coverage continues.

2. An employee whose group life coverage ends because employment terminated may convert to an individual policy without evidence of insurability by applying and paying the first premium within:

31 days after termination

KRS 304.16-190 requires conversion to any customary individual form other than term, without evidence of insurability, if application and first premium are made within 31 days.

3. When a group life policy itself terminates, a Kentucky certificate holder is entitled to convert only if insured under it for at least five years, and the converted amount may be limited to the lesser of the lost coverage (less other group coverage) or:

$10,000

KRS 304.16-200 limits conversion on termination of the group policy to persons insured at least five years, and the policy may cap the individual amount at the smaller of the lost amount or $10,000.

4. If an employee dies during the 31-day group life conversion period before converting, Kentucky requires the insurer to:

Pay the amount that could have been converted as a group claim

KRS 304.16-210 requires the amount the person could have converted to be payable as a claim under the group policy, whether or not an application was made.