If an employee leaves your employment, their Life Insurance ceases. This is the case if they leave on their own accord, retire, or get made redundant. They may be able to continue coverage elsewhere on an individual basis, but this will be at the discretion of the insurer.
For this reason, it shouldn’t be relied on as the core foundation of an employee’s protection. They may not always have company-paid Life Insurance, which is why so many of our clients opt for a personal policy alongside their group one.