Final Answer:
To continue his life insurance coverage, Bob should:
Purchase a new individual policy.Thus the correct option is B.
Step-by-step explanation:
When an employee like Bob is leaving an employer and wishes to maintain life insurance coverage, purchasing a new individual policy is typically the recommended course of action. Group life insurance provided by employers may not be portable, meaning it usually terminates upon leaving the job.
By purchasing a new individual policy, Bob ensures that he maintains life insurance coverage independently of his employment status. This option allows for greater control over coverage, beneficiaries, and other terms. It's important for individuals in such situations to explore insurance options, considering factors like coverage amounts, premiums, and any health evaluations that may be required for the new policy.Thus the correct option is B.