Which of the Following Statements About Group Universal Life Insurance

question 51

Multiple Choice

Which of the following statements about group universal life insurance is true?

• A)The interest rate credited to a policy varies over time,but is subject to a minimum guarantee.
• B)The employee selects where the cash value of the policy is invested.
• C)The coverage is not convertible to individual insurance if the employee leaves the group.
• D)The employer usually funds most of the cost of group universal life insurance.

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Definitions:

Red Eyes

Refers to an eye color in some animals, resulting from the reflection of light in the eyes or lack of pigmentation.

Multiple Allele System

A situation in genetics where more than two alleles exist for a given gene within a population.

Gene

A unit of heredity made up of DNA that is responsible for a particular trait or function in living organisms.

Population

refers to all the members of a particular species living in a specific geographic area, capable of interbreeding.