Group Live Insurance, Retirement Plans, and Social Security Disability Program
The insured's elderly parents living with the insured
According to California law, all of the following may be covered as dependents under group life insurance EXCEPT
Premiums are determined by the age, sex and occupation of each individual certificate holder
All of the following are characteristics of group life insurance EXCEPT
An insured barrows money from the bank and makes a collateral assignment of a part of the death benefit to secure the loan
All of the following are examples of third-party ownership of a life insurance policy EXCEPT
Being age 65
All of the following are requirements of eligibility for Social Security disability income benefits EXCEPT
The beneficiary
In a group life insurance policy, the employer may select all of the following EXCEPT
Vision, INC
Vision, INC. employs 500 people. The company offers group life insurance to its employees after 90 days of service. Who is considered the policyholder of the life insurance policies Vision, Inc. offers?
Old age Survivors Disability Insurance
What is the official name for the Social Security program?
The insureds' medical history
Which of the following are generally NOT considered when underwriting group insurance?
Third-party ownership
Which of the following insurance arrangements will be appropriate for a parent buying a life insurance policy on a child where the parent is the policy owner?
Worker's occupation
Which of the following is NOT a factor in determining qualification for Social Security disability benefits?
It has a ta benefit for both employer and employee
Which of the following is TRUE of a qualified plan?
A policy owner who is not the insured
Who is a third-party owner?
