Final answer:
An individual covered under a group life insurance policy can convert to Whole Life, 20-pay life, or Life paid up at age 65, but not to a 15-year level term policy.
Step-by-step explanation:
An individual covered under a group life insurance policy may convert the policy to various types of individual policies, except for term insurance beyond a certain term length. Specifically, individuals cannot convert to a 15-year level term policy.
Generally, conversions are made to permanent life insurance policies such as Whole Life, 20-pay life, or one that is Life paid up at age 65, as these have both a death benefit and accumulate cash value that the insured can use.