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.

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Definitions:

Five-factor Model

A model that describes human personality using five broad dimensions: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Openness

One of the five major personality traits characterized by an appreciation for art, emotion, adventure, unusual ideas, curiosity, and variety of experience.

Nonconformist

An individual who does not follow accepted beliefs, customs, or practices, often through deliberate choice.

Five-factor Model

A theoretical model describing human personality through five broad dimensions: openness, conscientiousness, extraversion, agreeableness, and neuroticism.