do group universal life insurance policies have any disadvantages 
the policy is canceled when you leave or lose your job unless you have a portability option another thing is that since your employer is offering the policy you may not be able to get as much coverage as you want or need if you want to increase coverage you re probably going to have to pay more and get a medical exam correction sept 15 2023 this article has been corrected to state that dividends are not paid out on group universal life insurance policies 