Group Life Insurance

All of the following statements are false except:

All of the following statements are false except:

In underwriting group insurance, companies use all of the following underwriting guides to guard against adverse selection EXCEPT:

medical examinations.

If a company has 2,000 employees eligible for a noncontributory group life insurance program, how many would be required to participate?

2000

All of the following are characteristics of group life insurance EXCEPT:

With group insurance, each insured receives a policy.

A certificate of insurance in a group life insurance plan:

is issued to each employee covered under the group life insurance plan.

When underwriting group life insurance:

the underwriter generally focuses on the group as a whole, rather than on specific individuals.

All of the following statements pertaining to the conversion privilege of group term life insurance are correct EXCEPT:

when a group plan is terminated, group coverage of the insureds generally is extended for 60 days.

A local pipefitters and brick masons union work together to create a trust to provide insurance to their employees. This type of trust is called:

a Taft-Hartley trust.

Group insurance plans where the premium is paid by both the employer and employee is called:

contributory plan.

A Certificate of Insurance issued to an insured under a group insurance plan is required to contain all of the following information except:

agent name.

A company has 1,200 eligible employees for its group life insurance program, and the company pays the total premium. How many employees must be insured to start the plan?

1200

Dave started work at ABC Plumbing on May 15. ABC offers a noncontributory group life insurance plan to its employees after a probationary period. If the probationary period is the typical number of days, Dave will be eligible for group life insurance on:

August 15.