Which of the Following Statements About Group Term Life Insurance

question 17

Multiple Choice

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

• A)It usually is written in the form of 5-year level term insurance.
• B)An employee who leaves the group is usually not permitted to convert to individual coverage.
• C)Experience rating is used in group term life insurance plans.
• D)It represents only a small percentage of the group life insurance in force.

---

Definitions:

Economics

The social science that studies how individuals, governments, firms, and nations make choices on allocating resources to satisfy their wants and needs.

Business Model

A strategic plan outlining how a company creates, delivers, and captures value, essentially explaining how it operates and makes money.

Work in Progress

This term indicates ongoing projects or tasks that are currently under development and not yet complete.

Business Plan

A detailed document outlining the strategy, goals, financial projections, and operational guidelines for a business.