Chapter 6 Group Life

A noncontributory group term life plain is characterized by:

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

An employee with $25,000 group term life coverage was recently fired. This employee's group coverage may be converted to a

$25,000 individual whole life policy

A non-contributory plan requires _____ participation of all eligible employees

100%

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

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

Employee

Which requirement must be met for an association to be eligible for a group life plan?

Group was formed for a purpose other than acquiring insurance

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

All individuals covered under a group contract will receive a

certificate

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

Accidental