Also there is a timeline for transferring to an individual policy
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You might be able to convert your group policy to individual life insurance, but the cost would go up significantly. Note group life insurance, where the employer is the policyowner and you are not the policyowner, provides limited coverage since you don't have control over the policy. It's meant to be supplemental.
It is not. Possibly would only last with the term of severance.
I really doubt that benefit is transferrable.