LESSON 6: GROUP LIFE INSURANCE

Section 6.4 Review

Group life insurance programs consist of which two basic types of insurance plans?

	a)	Term Life and Whole Life
	b)	Increasing Term Life and Limited Pay Whole Life
	c)	Group Ordinary Life and Group Universal Life
	d)	Term Life and Group Paid-Up Life
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Group term life insurance is the most expensive group life coverage.

	a)	True
	b)	False
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Under a Group Ordinary plan, the cash value can be retained by the employer.

	a)	True
	b)	False
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Under a Group Paid-up plan at retirement or termination, the employee is entitled to the cash value.

	a)	True
	b)	False
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Group life policies must contain a conversion provision which allows the covered individual ___________ to convert the group coverage to an individual plan without evidence of insurability if their employment is terminated.

	a)	30 days
	b)	31 days
	c)	3 months
	d)	6 months
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