How long does Greg have to convert his group life insurance coverage to an individual policy after termination of employment?

The correct duration for Greg to convert his group life insurance coverage to an individual policy after the termination of his employment is indeed 31 days. This period is consistent with Arizona law, which provides that employees who lose group life insurance coverage due to employment termination are entitled to a conversion option. They have a total of 31 days from the date of loss of coverage to apply for an individual policy without undergoing further medical underwriting.

Understanding this timeframe is crucial as it ensures that individuals maintain life insurance protection despite changes in their employment status, offering a safeguard against potential gaps in coverage. This legislation reflects a broader intent to provide continuity of insurance benefits for employees transitioning between jobs or facing employment loss.