How long does Greg have to convert his group life insurance coverage to an individual policy without needing to prove insurability?

The correct timeframe for Greg to convert his group life insurance coverage to an individual policy without needing to prove insurability is 31 days. This period is established by insurance regulations in Arkansas, which allow individuals a specific duration to make such a conversion.

During these 31 days, Greg can choose to convert his coverage without being required to show any evidence of insurability, meaning he does not have to provide health information or undergo medical underwriting. This provision is designed to protect individuals who may have lost their group coverage for various reasons, such as employment changes. It's important for policyholders to be aware of this period so they can retain their life insurance benefits in a more straightforward process. Understanding this timeframe is critical for anyone managing insurance policies in Arkansas, as it ensures that they do not miss out on the opportunity to secure individual coverage based on their current health status.