Which of the Following Statements Is True About Group Life

question 132

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.
• 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 basically the same thing as term life insurance.

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Definitions:

Younger Adults

Individuals typically in their late teens to their mid-thirties, often marked by transitions in education, career, and personal relationships.

Older Adults

Individuals typically defined as being 65 years of age or older, often focusing on the health, social, and psychological aspects specific to this age group.

Increased Pathology

A term indicating a rise in disease indicators or severity of a health condition.

Normal Aging

The natural process of bodily changes that occur as people grow older, not necessarily including disease or disability.