What Are the Disadvantages of Group Term Insurance

question 152

Multiple Choice

What are the disadvantages of group term insurance?

• A)The premiums are usually subsidized by the employer.
• B)The cost to covert from group coverage to individual coverage if you leave the company may be cost prohibitive.
• C)Relying on group insurance may hinder your decision to leave the company.
• D)Both B and C are correct.

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Definitions:

Dimethylamine

Dimethylamine is a simple amine consisting of two methyl groups attached to a nitrogen atom, used in a wide range of chemical applications, including as a precursor for certain chemicals.

3-pentanone

An organic compound characterized by a five-carbon chain with a ketone functional group at the third carbon atom.

Enamine

Derivatives of alkenes formed from the reaction between a secondary amine and a carbonyl group, often used as intermediates in organic synthesis.

Imine

A functional group or compound featuring a carbon-nitrogen double bond, often formed by the condensation of an aldehyde or ketone with an amine.