You are reviewing your client Mable's existing insurance coverage as part of your insurance needs analysis for her Mable is a member of her employer group benefits pian inciuding 2 times annual salary life insurance. However, Mable will be retiring from her employer which means that she will no longer be a member of the group plan. Assuming Mable's group plan follows the guidelines established by the Canadian Life and Health Insurance Association (CLHIA) and she will retire and leave the group on or before age 65, which of the following statements is correct with respect to Mable's retirement and her group life coverage? Premiums for conversion from group life coverage to individual insurance will be guaranteed provided that the conversion occurs within 31 days of retirement. If Mable converts her group life coverage to individual insurance within 31 days, the amount of coverage is unlimited and proof of insurability is not required. If Mable converts her group life coverage to individual insurance within in 31 days, she can convert up to $200,000 without providing proof of insurability. Upon Mable's retirement, her group life coverage terminates and there is no conversion permissible from group Me coverage to individual insurance.