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:

Early Childhood

A critical developmental phase covering the period from birth to around 8 years old, focusing on rapid physical, cognitive, and emotional growth.

Psychosocial Stage

A concept in Erik Erikson's theory referring to the eight stages of human development, each characterized by a different conflict that must be resolved.

Sense of Trust

A foundational belief in the reliability and predictability of the world and people around one, typically developed in early childhood.

Different Caregiver

Refers to a caregiver who is not the parent or primary guardian of a child, which can include relatives, teachers, or professionals providing care in various settings.