Which of the Following Statements Is True About Group Life

question 108

Multiple Choice

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

• A)Group life has been losing its popularity recently.
• B)Generally the cost of insurance is the same for each employee.
• C)Group insurance is not a good bargain for older employees regardless of age.
• D)Principles that apply to other forms of insurance do not apply to group life insurance.
• E)Not worth getting.

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Definitions:

Specialize

To focus on a particular area of knowledge, activity, or service, developing expertise in that specific field.

Equity

In finance, equity represents ownership interest in a company, typically in the form of stocks. In a broader context, it refers to fairness and justice in treatment.

Efficiency

The effectiveness with which a system, process, or organization uses its resources to achieve its objectives, often with minimum waste or effort.

Allocating Resources

The process of assigning available resources, such as time, money, and labor, to specific uses to achieve an organization's objectives.