Final answer:
The individual must apply for an individual life policy within 31 days following their employment termination or when they are no longer eligible for group coverage to maintain life insurance without providing evidence of insurability. The time frame is crucial to ensure uninterrupted coverage.
Step-by-step explanation:
When an individual's employment is terminated, or they are no longer a member of a class that is eligible for coverage, they usually have a set period within which they must apply for an individual life policy to maintain their life insurance without having to provide evidence of insurability. This conversion privilege allows the individual to obtain a new policy regardless of their health status at the time of applying.
The specific period for this action is 31 days following the termination of employment or membership in the eligible class. It is essential to act within this time frame to ensure continuity of coverage and to make the most of the conversion privilege provided by the prior group life insurance policy.
Understanding this deadline and the terms of your insurance policy is critical because missing this window may result in a loss of coverage when it might be most needed. Hence, the correct option for the application period after termination for an individual to obtain life insurance without evidence of insurability is a) 31 days.