Chapter 6

Which provision is NOT a requirement in a group life policy?

Accidental

If its employees share in the cost of insurance, what type of group life insurance plan would a corporation have?

Contributory

Under a trustee group life policy, who would be eligible for a certificate of coverage?

Employee

Which of the following is an important underwriting principle of group life insurance?

Everyone must be covered in the group

When an employee is terminated, which statement about a group term life conversion is true?

Policy proceeds will be paid if the employee dies during the conversion period

Group life insurance policies are generally written as

annually renewable term

A person who is insured within a group contract will be given a

certificate

An employee of 20 years recently retired at age 59 1/2. This employee's group life contract can be

converted to an individual permanent policy at an individual rate

A noncontributory group term life plan is characterized by

the entire cost of the plan is paid for by the employer