Which of the following features of a group term life policy enables an individual?
Correct. The conversion privilege allows an individual to leave the group term plan and continue his or her insurance without providing evidence of insurability.
Which of the following is a major characteristic of group term life insurance?
Which of the following is a major characteristic of group term life insurance? The coverage is generally issued without evidence of insurability.
What is group insurance quizlet?
plan that provides coverage to more than one person under one policy; usually written for employee-employer groups, and often annually renewable term; evidence of insurability not necessary if participant enrolls during open enrollment period; participants don't receive policy, but certificate of insurance, which ...
Which of the following life insurance policies combined term insurance with an investment element?
Universal life is a type of permanent insurance policy that combines term insurance with a money market-type investment that pays a market rate of return.
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- which of the following is an important underwriting principle of group life insurance quizlet