Which of the Following Statements Is True About Group Life

question 8

Multiple Choice

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

• A)Group life has been losing its popularity recently.
• B)The cost of insurance per $1,000 is the same for each employee,regardless of age.
• C)Group insurance is not a good bargain for older employees.
• D)Principles that apply to other forms of insurance do not apply to group life insurance.
• E)Group life is never considered the same thing as term life insurance.

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Definitions:

Conspicuous Consumption

The purchase and prominent display of luxury goods to provide evidence of a consumer’s ability to afford them.

Taste Test

An evaluation process where individuals sample and rate different foods or beverages based on flavor, texture, and other sensory attributes.

Crowding

A subjective feeling of having less space than desired, often due to a high density of people or objects.

Ethnographic

A research method that attempts to provide a close understanding of people and cultures.