What happens to your life insurance after termination of employment? This largely depends on your employer but here are some possibilities.
This is just a couple of scenarios that may fit your situation but you ultimately need to speak with your Human Resources department or direct employer if it is a small business.
If you were employed with a large company then your date of termination and the date your benefits end may be different. If this turns out to be your case then your company paid life insurance coverage ends on your Benefits Termination Date. As an example you could be laid off or fired on October 2nd but your benefits won't end until October 31st.