Choose the Item Below That Is Not a Characteristic of Group

question 6

Multiple Choice

Choose the item below that is not a characteristic of group life insurance.

• A) benefit amounts are usually increased by the employer at 5 year intervals
• B)there usually are no medical exams required
• C)benefits are determined by a predetermined formula
• D)the group must not be formed solely to purchase insurance

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Definitions:

TV Commercials

Short visual advertisements broadcast on television to promote products, services, or ideas to a wide audience.

Opportunity Cost

The price paid for not selecting the next most favorable choice during decision-making.

TV Commercials

Short advertisements broadcast on television, typically showcasing products, services, or brands to a wide audience.

Specialize

To concentrate on a specific area of expertise, activity, or field of study to gain a higher efficiency or proficiency.