Yes. In that case, you'd need to get new coverage quickly. In some cases, you must act within 120 days of leaving the military to be sure there's no break in your coverage.
Ah, I see. Can you tell me about another life insurance option, perhaps?
Of course. The Service-Disabled Veterans Insurance (S-DVI ) is of great help if you're disabled because of an injury or illness caused or made worse by your active service, you can continue your life insurance beyond 2 years after you leave the military.