Group Insurance

In a group Life policy with a death benefit of more than $50,000,

premium cost for insurance above $50,000 is TAXABLE as part of the gross annual income to the insured

A Dependent who is developmentally disabled can continue to be covered by the insureds policy for as long as?

the condition causing the disability continues

A dependent child covered by a life plan is incapable of self support

coverage under the plan may continue up to any age

Minimum number of employees for group life in CA is

2

In Group Life Unmarried Children may be covered as dependents until what age ?

20

The conversion privilege allows a person

to change coverage from a group policy to an individual policy

In Group Life a dependent child attending a educational institution may be covered until what age?

24

A non contributory group health plan must cover

All eligible members in a group health insurance plan

Benefit to the insured in group underwriting verses individual

is the cost of coverage is lower and no medical exam is required

Difference between group Life and individual life plans

Group Life may be experience-rated

Group Health Underwriting Factors

age, gender, length of elimination period, length of the probationary period

In order to obtain group insurance without providing evidence if insurability

eligible individuals generally have to enroll within a specified eligibility period

A group insurance plan

is NonContributory when the employer pays the Entire Premium