Group Live Insurance, Retirement Plans, and Social Security Disability Program

The insured's elderly parents living with the insured

According to California law, all of the following may be covered as dependents under group life insurance EXCEPT

Premiums are determined by the age, sex and occupation of each individual certificate holder

All of the following are characteristics of group life insurance EXCEPT

An insured barrows money from the bank and makes a collateral assignment of a part of the death benefit to secure the loan

All of the following are examples of third-party ownership of a life insurance policy EXCEPT

Being age 65

All of the following are requirements of eligibility for Social Security disability income benefits EXCEPT

The beneficiary

In a group life insurance policy, the employer may select all of the following EXCEPT

Vision, INC

Vision, INC. employs 500 people. The company offers group life insurance to its employees after 90 days of service. Who is considered the policyholder of the life insurance policies Vision, Inc. offers?

Old age Survivors Disability Insurance

What is the official name for the Social Security program?

The insureds' medical history

Which of the following are generally NOT considered when underwriting group insurance?

Third-party ownership

Which of the following insurance arrangements will be appropriate for a parent buying a life insurance policy on a child where the parent is the policy owner?

Worker's occupation

Which of the following is NOT a factor in determining qualification for Social Security disability benefits?

It has a ta benefit for both employer and employee

Which of the following is TRUE of a qualified plan?

A policy owner who is not the insured

Who is a third-party owner?