215-10
Group insurance plans require employees to pay a portion of the premium are called
contributory
The type of insurance most frequently used in group life plans is
annually renewable term (ART)
Jackie has just signed up to participate in her employer's franchise life insurance program. Which of the following are CORRECT
As the sponsor of the program, her employer collects premiums from her and remits them to the insurance company
With regard to group insurance plans, which of the following statements is CORRECT?
Per unit of benefits, group insurance generally is available at rates lower than those for individual plans
Al of the following conversion privilege of group term life insurance are correct EXCEPT
an insured employee must convert to the same type of coverage as was provided under the group plan (that is, term)
