What is the name of your state? New York My father was recently diagnosed with terminal Pancreatic Cancer. At the same time, his company is being bought out. Under the previous ownership, he was covered under a group term life policy. He intends to retire soon (currently on sick leave). Once he retires, is he (therefore my mother) cut off from the term life policy, or is it possible to fund the premiums to ensure there is no lapse in coverage causing a loss of the benefit?