Which policy provision allows an employee to change from group coverage to an individual life insurance policy?

Nonforfeiture provisions refer to the guarantees that a policyholder retains certain benefits, even if they stop paying premiums. These benefits typically apply to whole life policies and involve the cash value or reduced paid-up insurance, but they do not facilitate a change from group to individual coverage.

Assignment refers to the policyholder's right to transfer their ownership rights of the policy to another party, such as a lender. While this allows for changes in the policy's beneficiary or ownership, it does not permit a switch from group insurance to an individual policy.

The incontestability clause ensures that an insurance company cannot contest the validity of a policy after it has been in force for a specified period, usually two years. This provision protects the insured from claims being denied based on misstatements or omissions; however, it does not relate to converting coverage types.