3 Answers

You must be referring to a GROUP INSURANCE POLICY.   If so.  You may have to convert the policy to an individual policy with the insurance company that carried the plan.    You should either contact  your Human Resources or THE insurance company  direct. ( Or an agent).  

Colleen

Thanks pioneer, I missed that.

I think they would have to cancel it and pay you the value of what the policy has incurred to this point. The only way they can do this is if it was a term life policy. 

ChockT:  You've added some additional info to your original question.   And basically heres the issue.    You appear to have had your insurance under your previous employers  group policy.   You are now retired and the compay has sold to someone else.     Hmmm.  Hmmm  

If this was an individual plan you could keep the insurance forever if you so wished.    But Group Insurance is a company benefit and just gives you less control.

I believe if I was in your shoes I would contact the  INSURANCE COMMISSIONER in your STATE and inquire what your rights are if any under your particular circumstances.  Look in the YELLOW PAGES or Maybe BLUE PAGES OF YOUR TELEPHONE DIRECTORY FOR STATE OFFICES.   Give them a call and explain your situation.

They should be able to tell you if you have an issue.    Good luck.