Group insurance will normally continue as long as you are part of the group (usually an employer). If you separate from service, the coverage will normally terminate. However, many group plans allow you to convert within a specified period of time to a permanent policy. These policies are not cheap, and whether or not it is right for you would require a more thorough analysis of your overall financial position, goals, objectives, adequacy of retirement resources, etc. I would suggest seeking out a local Certified Financial Planner to look at this question in the context of your overall financial health.