CHAPTER 6 EXAM - Group Life

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

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

everyone must be covered in the group

a non-contributory plan requires ______ participation of all eligible employees

100%

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

employee

which of the following statements about noncontributory employees group life insurance is FALSE? a minimum number of employees is required to participate all eligible employees must be covered no evidence of insurability required must have conversion rights

a minimum number of employees is required to participate

Which provision is NOT a requirement in a group life policy? conversion grace period incontestable period accidental

accidental

Group life insurance policies are generally written as

annually renewable term

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

contributory

What type of group insurance plan involves employees sharing the cost?

contributory plan

what group term life feature permits an individual to depart from the group and continue to be covered without providing evidence of insurability?

conversion