Group Life

adverse selection

A non-contributory health insurance plan helps the insurer avoid

association or labor group

A type of group that has a constitution and bylaws and has been organized for purposes other than obtaining insurance is called a(n)

Individual underwriting

All of the following are characteristics of a Group Life Insurance Plan EXCEPT

individual plan upon employment termination

The conversion privilege under a group life plan allows an employee to convert to a(n)

Certificate of coverage and benefits

The coverage, conditions, and limitations in the master policy of a group contract can be found in which document?

the conversion being applied within 1 month of termination

Converting a group plan to permanent life insurance requires

Conversion

Tim is covered under a group plan and would like to change his group coverage to an individual policy with the same insurer because of employment termination. Which of these describes the change that will take place?

certificate

Under a group life policy, the insurer will issue an individual _____ to the policyowner for delivery to each person insured.

Adverse selection

What does the Group Life underwriting risk selection process help protect insurance companies from?

Average age

Which of these factors would an insurer consider when determining whether to accept a group life plan?