What happens to my group life insurance when I retire?

Answers:2   |   LastUpdateAt:2019-01-02 18:46:59  

Question
kady
Asked at 2012-07-22 07:07:02
As a high school teacher in Canada, what should happen to my group life insurance when I retire ? Am I still covered? Is it worth forking out another $ 400 a year while I'm still young for life insurance full time, or my group insurance is good enough?
Answer1JulieeAnswered at 2012-08-19 20:37:02
Disappears - you stop paying premiums on their behalf . at the time of retirement , you should not need much life insurance , basically a burial policy
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