What does group conversion allow an insured to do?

Group conversion allows an insured individual to convert their group health insurance coverage into an individual policy when their group coverage terminates. This process is significant because it enables the insured to maintain their health coverage without the need for medical underwriting, which means they can secure a new policy regardless of health status at the time of conversion.

By converting the policy, individuals can have continued access to insurance protection that may otherwise be difficult to obtain, especially if they have pre-existing conditions. This option is particularly beneficial during events such as job changes, retirement, or other instances where group coverage is lost.

While the other options may touch on aspects related to insurance, they do not align with the primary function of group conversion, which specifically pertains to the transition from group to individual coverage. This is why the correct answer highlights the conversion aspect rather than other themes like maintaining current coverage or transferring insurance to another individual.